6.05 Market Dynamics:

Yesterday, I was tortured again by the secondary market, especially with the recent consecutive appearance of the guillotine from bn, it seems they are not concerned at all.

1. I can't make sense of the volatility of BTC; I feel the probability of it going down is extremely high, after all, it broke new highs, and then there were all the positive news, but it didn't rise, just sideways and downward fluctuations. I don't understand if it's not meant to drop significantly;

2. Overall, ETH seems strong but not that strong anymore. However, the 'project team' has really started taking action, not just selling coins;

The Ethereum Foundation has announced financial management policies, setting ETH sale mechanisms and transparency reporting systems;

3. SOL may be influenced by the pump from pumpfun, leading to a massive escape on the entire chain, and after fleeing, they directly dumped SOL;

4. The consecutive appearance of ACT DEXE DEGO on bn is a textbook example of a guillotine, only after 1kbxx pointed it out did I understand the trading logic. I can only say it was 'deeply shocking';

5. The SEC officially accepts the Nasdaq 21Shares SUI ETF listing application;

6. The U.S. Senate confirms Michelle Bowman as the Vice Chair for Supervision at the Federal Reserve;

7. Trump: The debt ceiling should be completely removed to avoid economic disaster;

8. Coinbase announces it will add PancakeSwap (CAKE) to its listing roadmap;

Great news came, CAKE made it to Coinbase's roadmap;

9. The Federal Reserve published the May Economic Conditions Beige Book: National economic activity has slightly declined;

10. JPMorgan plans to offer financing services for cryptocurrency ETFs to clients;

11. Since May 11, BlackRock's Ethereum spot ETF ETHA has accumulated an additional 214,000 ETH;

All market makers and project teams in the secondary market should maintain 'awe and respect' because it is indeed unplayable, and I can only engage in small risk, high-reward plays. Other strategies are not accessible at all. #韩国加密政策