Today's article is a bit long, everyone please read patiently, and the wealth code is attached at the end.
Bitcoin
Currently, Bitcoin is around 104500. I feel that the bears haven't been fully killed off yet. Is it going to continue pulling up, or will it crash? I think if it continues to rise, it needs to be considered.
Deep analysis of Bitcoin's market: Is the double kill scenario about to unfold?
Scenario 1: Bloody washout before a raging bull market.
The current market is at a critical turning point. The main players may start a "double kill" to clean up: first slaughtering the bears to induce more buying, then countering by killing the chasing bulls. Although MACD shows weakening bullish momentum, the price firmly holds key moving averages. 105000 dollars has become the dividing line between bulls and bears — breaking through it will lead straight to new highs, while a pullback to 100000 dollars would be healthier.
Scenario 2: The ultimate carnival before interest rate cuts.
Technical and macro aspects resonate: If the main players choose to violently pull up before the July interest rate cut, this wave of market might reach an annual peak. But beware of "buy the expectation, sell the fact" — when the interest rate cut is realized, it is precisely when institutions distribute their chips.
Operational strategy:
- Breaking through 105000 dollars: Chasing strong altcoins.
- Pullback to 100000 dollars: Gradually bottom-fish in spot.
- Before and after the interest rate cut: Comprehensive defense.
Currently, Ethereum's strategic reserves have reached a historical high of 655,341 ETH, valued at approximately 1.47 billion dollars. This strategic reserve is organized by some institutions and project parties within the Ethereum ecosystem, and more institutions are continuously joining.
On May 7, Ethereum completed the Pectra network upgrade, and shortly after, this heavy strategic reserve news confirmed that the Ethereum Foundation was selling coins with one hand to suppress the market and buying coins with the other to build reserves. ETF institutions sold tens of thousands of coins, while behind the scenes they were bottom-fishing hundreds of thousands or more. The Foundation appears to sell a few hundred or thousand, but the strategic reserves bought a lot.
Bitfinex E/B whales seem to be starting to liquidate Ethereum.
Let’s briefly review its patterns: In the initial building phase, the E/B generally experiences a significant spike in prices before the liquidation occurs. After the liquidation "ends", it almost always aligns with the peak of the E/B exchange rate and ETH/USDT stage.
Today, the holdings of Bitfinex E/B whales have plummeted. If this continues over the next few days, it indicates a rapid liquidation, and it’s time for you all to pull up your pants and leave.
Secondary market.
Ethereum is taking off, and the biggest beneficiaries are definitely the Ethereum ecosystem sectors. The Ethereum series is starting to explode in turn, and everything related to Ethereum is rising. ETHFI, IDO, ENA, etc., are all performing well. I updated in Binance Square early this morning, focusing on today's layout.
The explosion of the Ethereum ecosystem is imminent: Staking + DeFi tracks might become the leading drivers in the next round.
Three core logical supports for the explosion of ETH ecosystem tokens:
1️⃣ Demand for oversold rebounds: After a long period of FUD suppression, the valuation of the staking and DeFi sectors is at historical lows.
2️⃣ Catalyst approaching: The market expects technical details of staking ETH to be announced soon.
3️⃣ Bull market multiplier effect: In an environment of liquidity flooding, positive news is easily magnified.
SXT value discovery opportunity.
• Fundamental advantages: Compared to similar new coins like INIT/PARTI, SXT has a more solid technical architecture.
• Valuation undervaluation: FDV is only 600 million, which is a 50% discount compared to fully circulating competitors like GRT (1.3 billion).
• Airdrop clearing: Recent selling pressure has been fully released, and the technical aspect shows a bottoming pattern.
On-chain:
Yesterday, after recommending this RAT0, I just put in a pin and it dropped to 10M. Anyway, I was randomly bottom-fishing yesterday, and now it's definitely tripled. Holding coins overnight with the dog of E-chain is a bit more reassuring.
RATO has several good product series MEME, at least four or five so far, among which the highest, Berry, has reached a market value of 7 million dollars. It seems that the entire RATO ecosystem's market value might be underestimated in the future. I expect it to reach 50 million or even higher, and it hopes to launch on Binance Alpha platform.