Looking at the small-scale K-line chart for $BTC, after breaking through the EMA moving average in the early morning, it began to strengthen continuously. Multiple dips were quickly recovered by a single spike, indicating support forming below. The daytime market trend was relatively weak, showing a downward trend; however, in my view, this is normal, as pullbacks are for better upward movements.
Currently, the price of Bitcoin is around 103500. I believe that after it descends to the 103500-103400 range, it will begin to rebound again, so there’s no need to panic. When most people get shaken off the ride, the rebound is about to start.
$ETH Ethereum price firmly stands at $2500, supported by four major forces:
Technology upgrade: The Pectra upgrade raises the single address staking limit to 2048 ETH, attracting institutional participation and enhancing network security and market confidence.
Market atmosphere: Global trade easing + Bitcoin breaking $100,000, leading to a warming of crypto market sentiment, with ETH receiving support from capital rotation.
Futures short squeeze: Shorts were liquidated for $438 million in 72 hours, and passive buying pushed prices up, creating a rising cycle.
Whale accumulation: Addresses holding over 10,000 ETH continue to increase their holdings, reaching 40.75 million (a new high for 2025), signaling long-term bullish sentiment.
Under the resonance of technical infrastructure and capital, ETH is shifting from being 'narrative-driven' to 'fundamentals-driven'; after stabilizing above $2600, a new trend may begin.
Current on-chain coins of interest:
1. believe, bonk is very popular.
① Can be traded in segments ② When a new dog emerges with a story, chase it immediately, in and out quickly.
2. BSC coins are basically abandoned, except for skyai (to see if it can be traded), jager (to see if there are any new stories), naiive remains to be observed..
3. ETH's rato observation list.
4. Mirar should be opening soon; let's see if we can make a play when it opens (I personally feel it will target high, dump, then directly move to the next project).
5. If Trump launches a coin, it will be a bloodsucking market; pick up the scraps.
Yesterday, the US released the April PPI data, with market expectations at 2.5%, but the actual number was only 2.4%, lower than the previous value of 2.7%.
This indicates that the rise in US prices is not as fierce anymore, and corporate production costs are not rising, and may even be declining.
Additionally, the retail data for April only rose by 0.1%, far below expectations, indicating that consumers are also weak and reluctant to spend.
What will the market do next?
Currently, both the US stock market and Bitcoin are watching the Federal Reserve. Whether the Fed will ease its monetary policy directly determines if the market can continue to rise.
History tells us that a bull market relies not on logic, but on money!
Monetary easing, with liquidity flooding in like a deluge, is what drives the market to surge.
During monetary tightening, assets may rise, but it's nowhere near the explosive growth during easing.
In the short term, Bitcoin and the US stock market may continue to oscillate at high levels, needing to wait for clearer upward signals.
However, in the long run, this year’s global M2 money printing reached a new high, providing momentum for Bitcoin's rise.
Data shows that Bitcoin prices typically lag M2 growth by 90 days, but the long-term trend is steadily upward; just hold on tight.
Let me mention a few key altcoins for spot trading: the five major kings of this rebound: Pepe, SUI, Pengu, Virtual, Bonk!
1. AI sector leader VIRTUAL: The strongest king of AI + Crypto, technically crushing competitors; buying on dips is like giving away money!
2. SUI: Seeing 4.85-5.00.
3. Doge: Seeing 0.3685. The weekly MACD is about to golden cross.
5. fet: Seeing 1.35.
6. ada: Seeing 1.085.
7. xrp: Seeing 2.95-3.00.
