Recently, Trump has backed down, the panic sentiment on Wall Street has eased, and with expectations of interest rate cuts in June, US stocks have rebounded for three consecutive days, but they are approaching a strong resistance level. Personally, I see next week forming a pullback.
As for BTC, its recent movements have been strange; when US stocks fall, it rises, when US stocks rise, it either consolidates or falls!
Currently, from the daily chart pattern, the MACD has turned bearish, the upward momentum is weakening, and a hanging man candle has appeared, signaling the top of this rebound. Recently, there has been some capital chasing up, but it's still insufficient, and the upward momentum is weakening.
Personal suggestion, around 94,000, spot half position. However, from the daily chart pattern, it has already shown a bullish reversal trend; on dips, the main strategy should be to go long, and more buying on dips can continue.
Currently, the upper pressure is around 96,000, and the lower support is around 89,000. On the hourly level, there is a pattern of volume increase during the pullback; if it effectively breaks below around 93,000, it will continue downward.
I already reminded in the group this morning to short around 93,500-94,000, with a stop loss near 95,200 and take profit around 91,200. I made a profit early this morning!
On the weekly level, based on past patterns, we are just entering a major cycle reversal, with a trend of repeated oscillation upwards. On dips, go long and hold for appreciation.
Summary of this week's recommended coins!!!
Low market cap altcoins can easily surge by 30 or 50 points for no reason, even doubling and then doubling again.
At that time, market liquidity was basically the same as before, with only two choices.
1: Good news, with hotspots.
2: Low market cap always leads to price increases.
Thus: FLOKI, CAKE, LEVER, QUICK have been recommended several times.
Currently, FLOKI and LEVER have perfectly finished, CAKE (13%+), QUICK (currently flat).
FLOKI and CAKE both have good trends, and the favorable news is all there; you can enter like normal altcoin trading.
LEVER and QUICK are both considered light market cap, and based on previous candlestick patterns, a slight improvement can easily lead to an upward surge of 50% or 100%.
Currently, the results are pretty much what we expected!!!
These coins are recommended in real-time, with visuals to back them up; those who want to keep up, follow me.
Okay, back to the main topic!
Ethereum will undergo an upgrade on May 7, and related coins around its ecosystem are gradually attracting market attention:
1️⃣ Main character: Ethereum (ETH)
1680-1720 is my ideal buying range. Those wanting to catch the rebound can consider entering; don't be greedy—if you can see $2000, that's enough. For long-term friends, don't rush; after the upgrade, ETH may start its second wave of big action.
2️⃣ Potential tracks: ETH staking and L2 track
Puffer (staking rookie): Investor Binance Labs, the key point is—it still hasn't launched on Binance! Isn’t this a typical story of a chicken turning into a phoenix?
OZK: a new L2 concept project with a small market cap, high risk, but huge potential. So I ask you, do you dare to bet?
3️⃣ Meme direction: Pepe & Floki
Pepe: can buy around 0.083, 0.07; at 0.09-0.1, consider selling. Timing needs to be as precise as a barber.
Floki: the strategy is similar, but be a bit more conservative; don’t play too wildly.
Because Bitcoin has not fallen during recent consolidation, some altcoins are starting to show a 'little spring' rhythm—overall rebound speed is fast, and the amplitude is fierce, looking quite impressive.
In this kind of market, prices are rising, but to form a sustained trend or reversal, at least three points must be present:
1. Clear price structure;
2. A large amount of capital is continuously entering the market;
3. Market sentiment shifts from divergence to consensus.
If these three points are not the foundation, no matter how strong the rise, it might just be 'rising then resting.' Like those 'small-cap altcoins'—sometimes they will have a V-shaped reversal, and a 100% rise in one or two days is not unusual.
For opportunities like this, if available, just earn a little; if not, don’t force it. Those who jump in aggressively are likely to end up as 'chives'…
