The rise of Bitcoin last night was completely within my expectations.
Two important events on May 7th: Ethereum upgrade and Federal Reserve meeting. According to the market's usual routine, funds often position themselves in advance, pushing prices up before the good news is realized. When the news is actually announced, it is often easy to spike and then drop back, trapping the retail investors who followed the trend at the peak.
In the coming days, the market will repeatedly hype both positive and negative news, and tomorrow we need to pay close attention to the non-farm payroll data. Although the news says that a 0.25% rate cut is a done deal, someone on the Polymarket platform has bet $30 million against a rate cut.
The next few days are crucial, and we must calmly observe the market, without being fooled by the fluctuations.
The market is continuously changing, and we are closely monitoring it to seize new entry opportunities. Like + comment, let’s ride through the bull market and seize this major opportunity together.
