In the past 48 hours, the cryptocurrency market has continued to fluctuate, with Bitcoin rising to $107,000, which was once interpreted by the market as a signal of an impending breakthrough. However, from a technical perspective, the current trend conceals a daily-level top divergence risk. The momentum bars are gradually shrinking, especially compared to the previous high of $105,800, indicating that the market's upward strength is weakening.
If there is no effective increase in volume in the next few days to initiate a strong upward structure similar to 'air refueling', the possibility of Bitcoin experiencing severe short-term corrections cannot be ruled out. Investors need to remain vigilant at this time, avoiding blindly chasing prices in a state of emotional excitement.
On Monday evening, the panic emotions due to faith degradation and other factors gradually subsided, leading to several roller coaster waves after the U.S. stock market opened. $BTC is currently fluctuating upwards from 102 to 106, which also drives $SOL to fluctuate upwards, rising from 160 to around 170.
The Solana team has a record of 'high-position accumulation' during past declines. Analyzing from a technical perspective and funding behavior, its bottom support is strong, and there are obvious signs of major players accumulating. Many people hesitate and observe at $160, while real opportunities often quietly arise when most people 'cannot see' them.
If Solana subsequently breaks through the $200 mark and stabilizes, it is possible that it will challenge the $1000-1800 range in the next round of the market. For investors firmly optimistic about its technology and ecological expansion, every washout presents a good opportunity to buy low. Of course, short-term fluctuations are still significant, and those chasing highs need to manage risks to avoid becoming the 'bag holders' of short-term chips.
The 'Trump Dinner' on May 22 sparked a hot topic, with $TRUMP's largest holder, Brother Sun, making a high-profile appearance, reaffirming his superpower of 'market intuition + media manipulation + KOL influence'. From past layout in the Tron ecosystem to now diving into meme narratives, Brother Sun is advancing step by step, continuously generating topics and spreading influence across the Chinese and American markets.
There is no conclusion yet on whether to enter the political arena, but the imagination of creating a 'president of the coin world' has become the strongest narrative. Regardless of success or failure, traffic and imagination are the most important assets.
Ethereum On-chain Meme: GASS cat ignites the cat-and-mouse battle
The recent surge of GASS is largely due to its status as the first token of Matt Furie's new comic IP launched on GATE. The low-market-cap area has been thoroughly washed out, with its market cap soaring from 400,000 to 5 million, achieving a tenfold increase in just two days.
Despite the controversy surrounding the name RATO, GasspasCat's position is solid, becoming a leader. If GASS cats can break through a market capitalization of 5 million and establish a base, they are likely to reach the 10 million level and be on par with RATO. As Bitcoin and Ethereum continue to rise, the meme heat on the chain remains unabated, and the two main IP characters are about to stage an exciting cat-and-mouse battle.
