Bitcoin's resistance level at 86,000 points was directly broken through in the morning. The current high point is under temporary pressure, and a pullback is expected to lead to the official start of this round of rebound after a brief adjustment. Overall, this wave aligns with previous predictions. Among the 17 tokens from newly established accounts last week, aside from the two core assets, Bitcoin and Ethereum, the other 15 altcoins only experienced slight losses, while the rest were all profitable.
Last weekend, the overall sentiment in the crypto market rebounded significantly, particularly in the GameFi and AI sectors, with an average increase of around 20%. Some projects even experienced exaggerated daily increases of up to 100%. The chaotic rise of the altcoin market is partly due to the previous excessive declines and also indirectly suggests that the market is nearing a liquidity turning point.
Trump is again calling for Powell to cut interest rates quickly, emphasizing that, from his perspective, there is currently no inflation problem in America. From an objective standpoint, major economies around the world certainly have their issues to varying degrees. Europe has cut rates seven times, Canada is on the brink of recession, and Japan is maintaining a very stable state despite aggressively printing money due to its social system. Trump's goal of imposing equivalent tariffs has almost been achieved, and this wave continues to bet on Trump's victory.
Spot gold has broken through the high of 3,410 USD, with a cumulative increase of over 30% this year. If there are partners who invest in gold annually or have a habit of buying jewelry from previous years, this could be an opportunity to take some profits. It’s unlikely that such high growth will maintain its intensity; later on, with the easing of the Russia-Ukraine conflict and the resolution of regional energy issues, a reasonable price adjustment will be necessary.
Paul Atkins is set to be sworn in as the SEC Chairman tomorrow. In response to this news, the probabilities for the approval of second-quarter spot ETFs like SOL and TRX, as well as Ethereum spot ETFs, have significantly increased. It's worth noting that Sun's TRX spot ETF is currently experiencing strong speculative sentiment, and the application has been submitted as a combined request for both spot and staking.
The probability of the Fed keeping interest rates unchanged in May is 86.1%, and the probability of a 25 basis point rate cut in June is 52.8%. An annual rate cut of 125 basis points remains a high-probability event. Any economic policy that is more accommodative than this will be a significant positive for future market trends.
To borrow a phrase mentioned earlier, the biggest negative for venture capital since Trump took office has passed. The next three and a half years in the crypto market will be characterized by Trump's business-minded governance logic, leading to a peak release in economic terms. In the latter half of the market, it is time to rally and seize every opportunity presented by the market.
BTC: Bitcoin's hourly chart showed a surge this morning, and it briefly reached above 88,400 points in the evening. The range resistance is between 86,000 and 88,000 points, which has temporarily broken through. Overnight, focus on whether it can maintain above 86,000 points by tomorrow morning's close and monitor Bitcoin ETF fund flows during U.S. trading hours. Overall, this rebound trend is relatively stable, and the bullish counterattack brought by the triple divergence at the daily chart bottom will continue. If this level is solidified, the next resistance area will be around 92,000 points. Avoid excessive FOMO, observe the market, and establish your own trading logic as a real reversal is still early.
ETH: Ethereum is moving in tandem with Bitcoin, showing a weaker correlation.
SOL: Previously around 130 points, with a target high of 180 points. Ray is currently also very strong, and some high-quality tokens on the Solana chain have recently surged.
Regarding altcoins: The AI concept and GameFi have indeed exploded recently. From a price perspective, both sectors previously experienced excessive declines, so those without positions can pick up cheap assets. Additionally, pay attention to Bitcoin-related concepts, such as ORDI around six dollars, which definitely has long-term value. The established meme token DOGE can also be monitored, as Musk is expected to leave the 'DOGE' department soon, which is anticipated to positively impact Tesla's stock and indirectly benefit DOGE. Other discussions can take place in the comments section.
The Fear and Greed Index is at 39 for the day.
Finally, stay away from leverage and accumulate spot assets!
