As soon as yesterday's CPI data came out, the market reacted as if it had won the lottery—almost all positive news! Inflation has decreased; what does that mean? Yes, interest rate cut expectations are up↑! Even Trump couldn’t help but urge Powell to act quickly; it’s as if he’s saying, ‘Give my market a shot of adrenaline.’
The conclusion is simple: As long as the Federal Reserve gives a hint, the crypto market can take off immediately. Remember this logic; the market currently lives on a breath of liquidity.
The SEC hasn't been quiet these past few days—
On one hand, there’s a consultation on ‘physical redemption’ for BlackRock's spot Bitcoin ETF (this is crucial, but it's currently just a consultation, not an approval);
On the other hand, the review of Grayscale’s SOL and LTC ETF proposals has been paused, delaying the review.
It sounds a bit scary, but the market is quite calm. Both SOL and LTC are holding up, which indicates one thing: sentiment hasn’t collapsed, the main players haven’t fled, so there's no need for the retail investors to panic.
Whales are on the move: Abraxas spends $500 million to sweep up ETH!
Yes, you heard it right, Abraxas Capital (that mysterious big player) has spent nearly $500 million on Ethereum in just six days. Do you think they don’t know that ETH/BTC has dropped nearly 40% over the past six months? They can see much further than we can.
To put it simply, this position for ETH is a value pit; the whales smell blood and have rushed in.
When the ETH/BTC exchange rate drops to such a tragic level of 0.02, it may just be the starting point for a rotation counterattack; long-term capital has already placed its bets. Smart people don’t stand with big players; are you really hoping to bottom-fish with a small essay?
BTC has been quite stable recently, with a slight outflow of spot ETF data yesterday, possibly due to short-term profit-taking, after all, this rally has been significant, and there are considerable unrealized gains. But be careful: the trend is still there; fluctuations do not equal reversals.
So—short-term fluctuations are actually a good opportunity to position yourself. Remember: those who fear falling will never be able to buy the bottom.
Now that the market is rising, we follow the trend; here are two relatively stable spots (short-term):
🔹UNI: Recently, it's been steady with a bit of flair, seeking progress through on-chain governance topics.
Recommended trading range: 6.7→6.3→5.9, low buying is key.
Set the stop-loss at: 5.5
Target position: 7.5—8.6
🔹LINK: The OG of the oracle world, while not as hot, it excels in stability and practicality.
Buy in batches: 17→16.2
Stop-loss baseline: 16
Take profit range: 18.56—19.22
Finally, just a word
The current market lacks news and volatility but needs a calm judgment with patience. Don’t be fooled by the crypto world changing three times a day; opportunities often hide in the moments when everyone is most anxious and confused.
Don’t get carried away when the market is good, and don’t be afraid during market fluctuations.
Continue to review, hold your positions well; living longer than others makes you the winner.
Today's article ends here; feel free to come to the homepage to play together~
Investing carries risks; the above content is purely personal sharing and does not constitute investment advice!
