Bitcoin is testing a key position.
87100-88500 has arrived as expected, currently challenging raiding liquidity above 88800. If this position holds, the next target is around 92000!
Altcoins are performing brilliantly.
The biggest gainers over the weekend were GameFi (gaming) and AI sectors, averaging a 20% increase, with some even doubling in a day. This chaotic rise indicates:
1. It previously dropped too harshly, and now it is rebounding sharply.
2. Market funds may start to flow back.
Trump calls for interest rate cuts.
Trump urged the Fed last night to quickly cut interest rates, saying 'there is no inflation in the US at all.' In fact, major economies around the world are not doing well:
- Europe has cut interest rates 7 times.
- Canada is about to fall into recession.
- China is holding on by printing money.
Trump's goal of raising tariffs has basically been achieved! Will he win this round?
Be cautious of risks as gold prices rise too high.
Spot gold has risen 30% this year, reaching $3410/ounce. If you have investments in gold or jewelry, consider selling a portion at a high. If the Russia-Ukraine situation eases later, gold prices may pull back.
New developments in ETFs
Paul S. Atkins has officially taken office as the 34th SEC Chairman of the United States. It is worth noting that this person deeply embraces digital assets and has been the co-chair of the Digital Chamber of Commerce Token Alliance since 2017.
The next likely positive news is for coins that have submitted spot ETF applications.
Mainstream altcoins: SOL, XRP, LTC, ADA, AVAX, APT, SUI, MOVE, TRX.
Mainstream MEME coins: DOGE, TRUMP, BONK, PENGU.
Market expectations for the approval probability of SOL and TRX spot ETFs have increased.
Special note: Sun Yuchen's TRX ETF application is very aggressive, applying for both spot and staking functions simultaneously, with great speculation potential.
Expectations for Fed interest rate hikes.
- Probability of no interest rate hike in May is 86%.
- Probability of interest rate cuts in June is 52%.
- It is expected that interest rates will be cut by a total of 1.25% this year.
As long as policies are relaxed, it will be a great benefit for the market.
Final reminder
The biggest negative impact since Trump took office is now over. His management style, coming from a business background, may present good opportunities for the crypto market in the next three and a half years. As the market enters the second half, be prepared to seize opportunities.
BTC
Waiting for price reactions after raiding above 88800, take profits in batches at 91300-92800 for bottom short positions! M15 shows rejection of distribution, considering holding positions downwards! Watch for buying opportunities in the range of 84800-83900!
ETH
Surprisingly, it has taken the lead in raiding downwards and is still fluctuating in raiding. The key position is 1570; if it stabilizes here, the upper targets are 1750-1830! Let's see if the follow-up surge can be realized! Otherwise, wait for buying opportunities in the range of 1514-1471!
SOL
Yesterday, it dropped to 136-132, creating a buying opportunity on the rebound. Be strict about protecting capital and wait for a hunt at 147.5! Do not chase after price increases, as the risk-reward ratio in that area is no longer suitable!
The information and data involved in the content come from publicly available materials, striving for accuracy and reliability, but do not guarantee the accuracy and completeness of the information. The content does not constitute any investment advice, and investment based on it is at your own risk!
