The current market is frustrating, with an up-and-down fluctuation of only $2,000. In fact, there was positive news last night. The Bitcoin 2025 conference took place, with speeches from Trump's eldest son, crypto king David Sacks, Senator Loomis, and the head of BlackRock Digital Assets. The conference basically stated that Bitcoin is the future financial system, a crypto reserve. This was just the first day of the Bitcoin conference; tomorrow, there will be speeches from Vice President Vance, Trump's second son Eric, MicroStrategy's boss Saylor, and Silk Road founder Ross. Currently, the attendees' thoughts are about how to mobilize more funds and hoard more Bitcoin.
It has been said that if there really are imitation coins, then this round is not a general rise in the market. At this stage of cryptocurrency development, both inside and outside the circle, funds have become very professional. Projects that simply write a white paper and create a big vision can hardly raise funds. Creating a website or an app is also very difficult. Now, there are too many methods to detect how many real users you have. Therefore, whether you are developing an application or a public chain, you must have a feasible business model to raise money.
If a project does not have cooperation with WLFI, USD1, Trump officials, BlackRock, or Middle Eastern collaborations, or does not get the attention of CZ or Trump's sons, then don't talk about resources. As for the secondary market, there are basically a few types that can work: those recognized by ETF, WLFI, Grayscale, or the leading projects in RWA, DEFI, AI, MEME, or public chain sectors, or those projects that Binance strongly supports. For others, it is difficult to see any good market trends for now. This round of the bull market tests everyone's operations, especially in cutting losses and changing positions.
Currently, Trump is still the market barometer; his every move determines the short-term rise and fall of the market. The Trump Media Group has announced a $2.5 billion plan to hoard Bitcoin, which brought Bitcoin back to $110,000 but did not reach a new high, and Ethereum only briefly touched $2,700.
On June 1, the SEC's meeting regarding Grayscale's Ethereum ETF staking is worth paying attention to; this is another new milestone.
Will it pass? I think the probability is very high because Hong Kong and Europe have already passed first. Trump wants to create a cryptocurrency capital, and the conditions have also allowed this after Prague's upgrade.
Of course, even if it passes, it may not immediately reflect in the price. It goes back to the saying: 'The price may not immediately reflect the value, but the price will ultimately return to the value it should have.'
This wave of increase is actually the result of Trump easing the EU's 50% tariff policy on Monday, which brought about a compensatory rise effect. Bitcoin has already digested the rise expectation in advance.
In the end, no matter how the market changes, sector rotation remains unchanged. You can only ambush in a sector before it takes off and then wait for the main bullish wave of that sector to arrive. Otherwise, if you keep watching, you will always miss out, or if you chase the hot spots, you are highly likely to be trapped. Then the funds rotate to other sectors, and you can only watch others make money. Therefore, you must see through the market's rhythm and the manipulative methods of the big players; otherwise, you will always be cannon fodder in this market.
Brothers, hurry to gather in the chat room: