The official announcement regarding TRUMP will invite the top 220 holders of the Trump token to dinner at a golf club near Washington on the 22nd of next month. As a result of this news, Trump surged briefly, breaking through $16, but then the market urgently retraced, currently adjusting around $12, with a project team releasing a significant amount after a near doubling.
This world really is a makeshift stage; the fundamental difference between people is not the level of wealth but rather the power of the equality tools in their hands. If it were another project, it would likely have already been investigated by the SEC, and again it would be a target for severe crackdown. Finally, the official statement says Trump may not attend, and Uncle San feels the same because we didn't buy Trump.
The market has generally retreated and adjusted today, with the overall trend and fundamentals aligning with the logic of short to medium-term rebounds. As long as the market does not reverse, most tokens will trend forward amidst fluctuations, while a small portion may fall into a downward death loop after a big upward spike. Therefore, even with high expectations for the future, it's essential to have a reasonable plan for your positions; speculation is fine, but it's still early for investments.
Federal Reserve Chairman Harker said that a new round of interest rate cuts may begin in June. The macro situation has not fundamentally changed, which is a definite fact. As a result, the yield on two-year U.S. Treasury bonds fell. However, Uncle San still hopes that Trump can be consistent on the issue of reciprocal tariffs. The longer he insists, the larger the potential for early and future rate cuts, which would create a significant bearish pressure. Only then can the stars and the sea move forward more easily.
On the data front, Bitcoin spot ETFs continue to see strong inflows, with a net inflow of $917 million yesterday, slightly exceeding the previous trading day. Ethereum spot ETFs supported inflows for only one day before starting to see outflows. Off-market data contrasts sharply with on-market conditions.
On a side note, Twitter has been quite lively lately.
First, after a prolonged period of market stagnation, some KOLs are calling for everyone to become KOLs, igniting a discussion about the positioning of retail investors in the crypto market. This led to a very active Twitter blue check mutual following movement. From the data I've gathered, the number of new KOLs in the past month exceeds the total from the previous five years. What does this imply? It's for everyone to ponder.
Secondly, the voxel rollback event from two days ago sparked huge discussions in the market, and it seems to have escalated to personal attacks. Regarding trade rollbacks, it seems that no major exchange has not done this in the memory of Uncle San. The recent Hyper and BG events are essentially the same; they are just exchanges unwilling to accept losses. The crypto market is continuously progressing towards greater compliance. To truly eliminate this phenomenon, complete decentralization must be the trend of the future.
In the end, be cautious; just speculate.
BTC: Bitcoin bulls experienced a brief retreat in momentum, with a technical four-hour high of 94,500 points and a low around 89,000 points, while the hourly support is near 90,000 points. The essence of the market's constraint on Bitcoin reaching new highs in the short term is still liquidity shortage. If Bitcoin cannot reach a new high within 48 hours, there is a considerable chance of a rebound forming a mid-term bottom structure, which means testing the bottom around 90,000 points. The daily market fundamentals still continue to trend upward. If the four-hour high can break through 94,500 points and the daily line stabilizes, this rebound will head straight for the 100,000 high. Start building positions on dips; the bulls for Bitcoin are still present.
ETH: May is quite important for Ethereum, as it can basically determine its peak in this round of interest rate cuts. In the short term, it is linked to Bitcoin, so let's keep an eye on it. Vitalik's slogans have been quite loud recently, and we will see his actions next.
SOL: Previously, I pointed out several times to pay attention to the area below 130 points, with a target high of 180 points. Now it has surpassed 150 points and is trending in tandem with Bitcoin.
SUI: The four-hour chart continues to break through, with the high moving up to around 2.8 points, and it seems unlikely that there will be opportunities to reach the bottom.
Regarding altcoins: Focus on Solana ecosystem tokens, as capital inflow has been exceptionally strong recently. Several new coins on major exchanges are hitting new lows, and everyone seems scared; let's wait for them to finish trading. The meme concept sector is also gradually surging, and those that were previously strong are currently at the bottom, so you can selectively ambush. The two significant layouts recently have yielded good results, with nearly 20 coins all above cost, temporarily outperforming Bitcoin. Other discussions can take place in the comments section.
The fear and greed index is at 63 for the day.
In conclusion, stay away from leverage and stock up on spot assets!
