Over the weekend, Bitcoin continued to fluctuate sideways around $94,000, maintaining the results of the past week's surge back above $90,000. The upward trend is currently slowing down temporarily, and a long period of sideways trading is often prone to trigger a callback.
In the short term, pay attention to the daily Bollinger Band middle track support. It is expected that there will be liquidity in the $90,000-91,000 area, and then it is expected to make another effort to hit $105,000 or even higher. However, it should be noted that the key support level at the 2-hour level cannot be broken. Once it is lost, the risk will increase significantly.
Bad news strikes, will Bitcoin plummet?
(1) Trump changes his words again
Trump made shocking remarks in an interview on a special plane just after returning from Italy: he demanded that China make substantial concessions on trade issues, otherwise he would not cancel tariffs on China.
This statement was unexpected. The sharp rebound in the cryptocurrency market was largely due to the expectation that Sino-US trade relations would ease. But Trump's remarks seem to have brought the situation back to square one. In the short term, the crypto market may experience drastic fluctuations, and investors need to be highly vigilant and pay attention to risk control.
(2) Justin Sun’s big move attracted attention
Brother Sun transferred 2000 BTC from HTX to Binance. 2000 BTC is equivalent to 180 million US dollars. If Binance starts to borrow Sun Yuchen’s coins to prepare for a market crash, there is a chance that it will reach 90,000. You can pay attention to it later.
Will Ethereum upgrade be delayed until June?
The official blog of the Ethereum Foundation shows that ETH's Prague upgrade will be upgraded at 10:05 on May 7 (18:05 Hong Kong time)! Therefore, the Ethereum upgrade has not been delayed. Many people have made wrong investment decisions due to information asymmetry due to the lack of proper sources of information.
Of course, Ethereum has seen a large increase recently, so a pullback is normal. I think a pullback is a good opportunity to buy low and hold until the upgrade is approaching and then sell at a high price. The probability of success is still very high.
At present, ETH has many ups and downs, and the overall cost-effectiveness of shorting is still high. So my plan is to wait for a rebound and look for shorting opportunities in the 1820-1850 range. This is the idea for the time being. If I can get on board, I will notify everyone in the community group as soon as possible.
The PayFi sector has exploded this year.
The PayFi sector has an annual return rate of 178%, far out of the ordinary. While other sectors are still standing still, it has already run out of sight.
XRP, $XLM, and TEL have become the strongest firepower. Old projects, new narratives, the most dangerous places are also the places with the greatest opportunities.
PayFi is finally going to explode. It is not a new concept that suddenly became popular, but a belated explosion after a long period of brewing. Among Web3 applications, PayFi is rapidly becoming the hottest new direction in the financial field. The reshaping of the financial system is a matter of time, and PayFi is the long-hidden dark line that is now emerging at an accelerated pace.
Currently, the two fastest growing sectors of Web3 are:
(1) RWA with compliant assets on-chain;
(2) PayFi, which integrates payment and finance.
We have invested heavily in both directions.
To sum up: PayFi is not a gimmick, but the next generation of financial infrastructure. It connects fiat currency payments with on-chain assets, breaking the boundaries between traditional finance and the crypto world. This year, the really smart money has quietly started to place bets.
The current macro environment has gone through the most difficult stage and has basically entered the repair period. As long as the market gradually regains confidence in the continuous adjustment, the market is expected to evolve from a rebound to a real reversal. If there is no interest rate cut in May, there is a high probability that interest rate cuts will be initiated in June. At that time, coupled with favorable policies such as tariff negotiations, market sentiment will quickly explode. Therefore, the whole of May is a golden window period for bargain hunting.
The cryptocurrency world has always been a process of survival of the fittest, a process of elimination by the waves! If you don’t want to be eliminated, you must make changes!
Every penny you earn is the manifestation of your understanding of the world; every penny you lose is caused by your cognitive defects. The greatest fairness in this world is that when a person's wealth is greater than his own cognition, this society will have 100 ways to harvest you! !
Until your cognition and wealth match each other. Waiting for a bull market is the most tiring thing!
But if you wait until then, you will know what it means to have sweet things after bitterness. Don’t leave the market, the hard times are coming to an end, and the violent bull market is coming!
If you have been stumbling around in the cryptocurrency circle and can’t find your direction! Or you have been losing money! You can follow me