Good evening, everyone. Let me tell you about my recent thoughts. Today the market is still falling, which is even more severe than the last wave of decline in October. I remember the last October very clearly because I was also trapped and had been carrying orders. The speed of the market decline this time is really too fast and it cannot be stopped at all. This wave of market adjustment is also quite fierce. Powell’s words have opened the way and cleaned up the retail investors.
I have been telling you to invest in mainstream coins. Compared with altcoins, mainstream coins have fallen by 20 to 30 points, while altcoins have fallen by one or two times. Not to mention contracts, even spot coins can't bear it. Those who have full positions in altcoins have to withdraw about 70%. How can we do this? The risk in this market is too high. We must always pay attention to risk control. The fourth wave of rise is coming soon. Try not to fall before dawn. Now Ethereum and Bitcoin are all falling in large volume, and they have been falling all the time. There is no sign of rebound at all. I suggest that you can start to receive Bitcoin when it reaches about 90,000. Those who have positions should start to invest regularly. Now no matter what coin, the price is very attractive.
Another important thing is that everyone must know how to cash out after making money. If you don't cash out, no matter you have tens of thousands or hundreds of thousands of U in the exchange, it is not your money. Today, a friend called me, a friend in real life, and told me that his position was liquidated. He started to trade contracts with more than 1,000 U, and played for about three months, and made 20,000 U. Today, it was all liquidated. What I mean is that you must cash out after making money, and cash out a large part of it. Even if your position is liquidated, you still have a chance to make a comeback, okay?
The next three months are crucial and could change your life!
1: Bitcoin is likely to peak at the end of December and in January; the strong phase of Bitcoin will end, and funds will flow back into altcoins. The most wealth-generating altcoin season is about to arrive.
2: Looking at the last two cycles, altcoins made significant gains in the eighth month after Bitcoin halving. This round corresponds to January 2025. You can observe that the market in February-March next year is likely to be similar to the beginning of this year, or even more intense. There is still a high probability that altcoins could increase 5-10 times in a month.
Currently, everyone just needs to wait for the recent market trends, buy the dips, and prepare for a wave of altcoin season. This is the last opportunity of this bull market!
Tomorrow, the United States will announce the GDP for the first quarter of 2025. This data is very important as it shows the state of the U.S. economy. If the data is too poor, it indicates a recession in the U.S. economy. In the days before the data is released, there will be a risk-averse sentiment, and funds will choose to withdraw. During these two days, it is advisable to reduce long positions and wait for the data release on Wednesday. If there is a sharp drop, be bold in entering the market. Similarly, there are the U.S. ADP employment figures and the PCE price index, and tomorrow's volatility is definitely going to be significant.
Bitcoin has been in a high-level consolidation state, and this pattern is not very favorable. There is always a sense of calm before a major drop, so everyone must pay attention to the risks.
There is a strong possibility of a deep pullback this week. The daily chart looks quite dangerous; the rise from 74,000 to 95,000 has not experienced significant pullbacks in between, which makes this rise very suspicious. Although there are still expectations for the Federal Reserve to cut interest rates, it has not fully materialized yet, and there has not been any real positive news. Now the big players are pushing Bitcoin up this high, clearly intending to trap more people at these high levels before crashing it down.
There will definitely be a sharp drop before every major market move; this is a rule that won't change. The big players won’t kindly pull you from over 90,000 to 110,000 or 120,000, so everyone should not rush to enter the market; it’s not yet the time for an all-in strategy. #美股财报周来袭 #特朗普暂停新关税
#XRP has passed the ETF, surprisingly earlier than SOL. Why is the increase not significant? There will likely be significant fluctuations in the next few days, keep an eye on this coin. #美SEC批准ProSharesTrust的XRPETF #MichaelSaylor暗示增持BTC
Currently, the shape of Trump Coin looks pretty good, and there is still a chance to push it to 20. Trump is hosting a dinner for holders of #TRUMP until May 12th. Overall, there shouldn't be a major crash before the 12th, but after the 12th, caution is advised, as many people are buying Trump Coin just to attend the dinner. There is a high probability of selling pressure afterwards.
Trump's current strategy has disrupted the cryptocurrency space. In the future, both negative and positive news will depend on Trump's actions. The Trump team will not easily give up on this coin and will repeatedly use it for profit. It might be wise to hold some physical assets, but avoid contracts due to high volatility, which can easily lead to losses.
Now we have the taste of the beginning of the 23rd year of the bull market. From the data, most institutions are in net inflows. During this period, the cottage industry has also recovered a lot, and liquidity has also increased. The Federal Reserve will also announce interest rates on May 8. The real big market will have to wait until the second half of the year, the last stage of the bull market. If you miss it, you will have to wait another four years. Everyone must seize it!
Follow me, and I will send you more information for reference later.
Currently, from the four-hour perspective, Bitcoin is still in a state of fluctuation. Yesterday, it successfully broke through the key resistance level of 95,000 and has been hovering around that area. The support level below 61.8-91,400 is very important. It is almost a certainty that the interest rate will remain unchanged in May. The bull market in the second half of the year is expected to start in June. For now, it’s best to engage in short-term trading and mainly observe. In the second half of the year, we will start to establish long-term positions for various cryptocurrencies.
Before every major market movement, there tends to be a wave of deep corrections, so we need to pay close attention. It feels like a sharp decline is imminent, so be prepared with risk control!
Ethereum will undergo the Prague upgrade on the 5th of July. Currently, it is in a sideways consolidation. As long as it does not drop below the 618 position, which is in the range of 1650-1600, you can hold on. If it breaks down, there is a high probability of a waterfall decline. Just wait, the bull market in the second half of the year is slowly approaching!
Let's review SOL and Dogecoin. These two coins are also expected to benefit from ETFs this year. Compared to other altcoins, their decline from the peak is not too high. Moving forward, let's focus on these mainstream currencies, at least they won't experience a 5-10 times drop like other altcoins 📉. The Federal Reserve may also consider reopening interest rate cuts in June, so it's wise to position oneself for these two coins, taking a medium to long-term approach. If there's a decline, start dollar-cost averaging!
Good afternoon everyone, it seems that Ethereum really has no hope now, even Trump has lost 88 million dollars 💸, and we retail investors are still hoping that this round of the bull market for Ethereum can reach new heights, just give it up.
Last time, the Trump family increased their position in SEI by 100,000 dollars, and I shared it immediately; those who followed also made a bit of profit. Now they have increased their positions in AVAX and MNT. Brothers, you know what to do now.
Yesterday, the founder of Telegram was also released, which is very positive news. TON has also seen a good increase. Pay more attention to the coins in the Telegram ecosystem in the future and help lead this dead market back to life!
In April, the early layout of Dogecoin, after all, is Musk's son; it can't always be this disappointing, right? 😅 If it hits $1, I'd be satisfied even if it rises to $0.5.