Currently, the market and Ethereum are oscillating sideways, and market sentiment has returned to neutral, mainly affected by the deterioration of Musk and Trump's relationship. It is recommended to closely monitor related news and this week's CPI data. Bitcoin continues to adjust, and last week's weekly chart showed a long lower shadow, indicating strong buying around 100,000. In the short term, the policy has negative influences, and the risks are relatively high. Caution is needed on the HeYue side.
This wave of decline may start this Wednesday or Thursday!
Bitcoin is currently in the B wave rebound of wave theory, which is the final signal to lure buyers. A C wave decline will follow, and the market maker may take the opportunity to clear positions and harvest investors.
Bitcoin rose from 75,000 to 110,000, and there has been no effective pullback so far, but the upward trend line has been broken. The pullback won't be mild; a drop from 110,000 to 100,000 can't be considered a pullback. After all, it started rising from 70,000, and the real adjustment will be larger. Fortunately, altcoins have already escaped the peak in advance.
For example, the sensitive small coin Sol fell from nearly 190 to 140, and Pepe also nearly halved from 0.16. Usually, small coins drop first, and then Bitcoin follows suit. Remember not to mistake a rebound for a trend reversal!
Recently, pay attention to SUI.
The significant upgrade of the Sui mainnet has brought many key improvements, including performance optimization, enhanced congestion control, and recovery of stolen funds, improving network security and user experience. The upgrade also accelerated transaction validation and enhanced the robustness of the blockchain.
After the upgrade announcement, the SUI token stabilized around 3.20. If it breaks through 3.55, the price is expected to regain upward momentum, challenging 4.03 and 4.25, and even targeting above 4.50 USD.
On the contrary, if it loses the support of 3.11-3.20, the price may fall back to around the March low of 2.80.
Amazing! Have you played these top 5 'killer' altcoins?
HMSTR: Once the king of the TON chain, now the candlestick looks like a roller coaster.
HMSTR briefly surged to 0.00256 today, then plummeted rapidly to 0.0012, a drop of over 50%.
The community joked: 'Our love is like a roller coaster.'
HMSTR is a popular GameFi coin on the TON chain, which once attracted about 200 million users. The Hamster CEO game was once all the rage in Web3 and is regarded as a pioneer in breaking into Web3.
Currently, its fully diluted valuation is about 150 million USD.
MASK: Initially thought to be a king that only rises, but ended up being a king of deception.
MASK has risen for 5 weeks from a low of 0.927, with a unit price soaring to 3.73, an increase of about 4 times.
As a hardcore social concept coin, its recent surge was accompanied by Musk mentioning X payments and the official acquisition of a Web3 social application, with the community expecting it to make a big impact in the SocialFi field.
However, after the surge, it couldn't hold steady and crashed more than 50% within 4 hours, then continued to decline, leaving many dream-chasing investors confused. The current FDV is about 163 million.
The trend of MASK must closely follow the market maker's rhythm to be captured.
WCT: Silently pulling the market up, retreating without a sound when the time is right.
After WCT was listed on Binance spot trading, it briefly fell to 0.36 before starting to rebound, as if saying: 'You look down on me? I will turn the tables!'
On May 30th, WCT surged to 1.39, reaching an all-time high and ranked among the top three in Upbit trading volume for several consecutive days.
I thought it would become the super coin of this round, but it plunged over 50% from the peak, showcasing a typical 'Christmas tree' waterfall drop.
The current price hovers around 0.4.
Interestingly, in response to community doubts, the WCT team has remained silent and issued no official response.
LPT: AI ace, version rebel, the ultimate skill is 'sharp rise and fall'.
LPT suddenly surged from 5.1 to 14 on May 30th, due to its listing on Upbit.
It then fell for three consecutive days, rebounding more than 30% in the short term before dropping again.
As an AI concept coin, LPT has become the 'dark horse' in this wave of AI frenzy, repeatedly experiencing sharp rises and falls, but both highs and lows continue to decline.
LPT has a large number of steadfast traders, and many people on X focus on analyzing its candlestick trends.
Many people refer to LPT as the 'rebel coin'; its price fluctuations are erratic, often catching investors off guard and causing severe losses.
DEGO: King of mouth, good news = 60% plunge, lost all face.
USD1 is known as the bright farm on the BSC chain, backed by the WLFI supported by Trump, and has formed a trading pair with MEME coin B, causing its market value to soar to 400 million.
On June 4th, the DEGO project team announced that USD1 would be included in a new liquidity plan, aiming to build a more robust DeFi ecosystem.
After a long silence, it suddenly spoke up, igniting community enthusiasm.
However, just 3 minutes after the good news was released, USD1 plunged 60%, continuing to decline thereafter.
Are you still on the bus?
Reminder: Market liquidity is tight, altcoins and MEME coins are highly volatile, with extreme risks.
That's it for the article! If you are confused in the crypto space, consider planning and harvesting with me!