🌞🌞5.16 Market Analysis！！！
Brothers, good afternoon! Yesterday, Powell released negative comments, but #BTC still rebounded to around 104000, showing really strong resilience.
Today, there were two news items regarding the central bank:
1. The Saudi central bank indirectly invests in Bitcoin through holding shares of Strategy.
2. The Russian central bank rates BTC as the 'best performing asset' for the local financial market in April 2025.
There are also major news from three companies:
1. The Brazilian listed company Meliuz purchased $28.4 million in BTC.
2. The cross-border e-commerce DDC has launched a 'Bitcoin Reserve Strategy', aiming to accumulate 5000 BTC within 36 months.
3. Coinbase increased its crypto assets by $153 million last quarter (mainly in BTC).
From these events, it can be seen that BTC is gradually becoming a 'digital gold'-level reserve asset. Although the Federal Reserve has not been able to lower interest rates for a long time, K Brother feels that BTC's trend this year may not be significantly affected by high interest rates. If the Federal Reserve cuts rates, it will rise even more sharply; if not, it will still continue to rise.
So K Brother suggests that everyone continue to focus on BTC in the short term. The altcoin season needs to wait until after the Federal Reserve cuts rates; you can invest a small amount of funds to buy some meme coins on-chain.
