Today, Trump chose the Sol chain instead of the Ethereum chain when issuing coins. Trump invited the founder of Sol to his inauguration ceremony. He did not invite the founder of Ethereum, Vitalik Buterin. He directly stepped on Ethereum. Today's decline in the altcoins is a very unfair decline. But who is the second is not important. What matters is whether the altcoins as a whole follow Ethereum or Sol. Obviously, they do not follow Sol. Ethereum has not performed as well as Audi in this long period. AI has also gone down. The strong ones are only Big Dog and Ripple. Good means that the risk is small. It is not that you can make a lot of money. The liquidity is still poor on weekends. Bitcoin is at the most awkward position of 103,000. It can go up or down, but it is hanging by the expectation of Trump's coming to power and Trump's invincible policy. The political coin sector has lost this meat because of the emergence of new coins. Even if all the altcoins pull up later, they all have their own downward trend lines. There is every reason to come down at the pressure level. It is indeed a bit uncomfortable at the moment. The coin circle is a derivative of Bitcoin. Most retail investors are engaged in copycat trading. Now retail investors are suffering. It is a dark time. The bull market is by no means over. Let's get through this together. Hope for a turnaround.
The market has been quite good these days, whether for long or short positions, there has been a decent profit. I don't recommend everyone to buy aggressively, but this market is indeed suitable for buying. Seize the opportunity, friends. Look at the picture, keep your eyes focused. 👇👇👇
Why did cryptocurrencies surge yesterday? On May 8th, the total market value of cryptocurrencies exceeded $3 trillion, reaching an 8-week high, with a daily increase of 2.5%; Bitcoin and Ethereum rose by approximately 2.5% to 4%. The market rebound is driven by three main factors: The first reason is concerns about Federal Reserve policy and stagflation. Fed Chairman Powell announced on May 7th that the United States would maintain its target interest rate at 4.25% to 4.5%, and the market expects a 70% probability that interest rates will not be cut next month. This suggests that the economy may face stagflation risks, with a slowdown in U.S. economic growth and high inflation coexisting. In this situation, investors view Bitcoin as digital gold, used to hedge against currency depreciation and inflation pressures. Grayscale's research director Pandel pointed out that stagflation risks are beneficial for value reserve assets like gold and Bitcoin, which has significantly improved sentiment in the crypto market, with the greed index returning to a state of greed. The second reason is due to the U.S. trade agreement. Trump announced on his social media account Truth that on May 8th he would announce a trade agreement with an important country, which the New York Times revealed to be the United Kingdom. The implementation of this agreement alleviates global trade tensions and boosts investment confidence in risk assets. After the news was released, Bitcoin briefly surged by 4%, driving the overall increase. From a technical analysis perspective, the total market value of cryptocurrencies has rebounded by 30% from the low of $2.4 trillion in April, breaking through $3 trillion; the key resistance is near the 200-day moving average. If it stabilizes at this position, the next target will be between $3.1 trillion and $3.125 trillion. According to on-chain and exchange indicators, the Forks Index, derived from six sets of data and a set of weights, indicates that when the Forks falls below 20, it signals a change to blue, representing low risk, with a higher likelihood of a bullish trend in the market. Ignoring short-term fluctuations, cryptocurrencies are being gradually embraced by medium to long-term funds.
It really proves that saying One day in the crypto world is like a year in the human world Recently, there's been a lot of volatility, back and forth. If the direction is right, you can profit immensely; if wrong, you can suffer significant losses. In this kind of market, it's great for short-term traders to make trades. I don't recommend everyone to trade, but when the market is good for trading, seize the opportunity.
Can't understand, really can't understand Like walking a dog Happy, will give you some treats; unhappy, will take them back immediately The support is still insufficient.
Black Friday has come again Without any warning It just came This wave is mainly bullish, those chasing shorts take note Friends who are bottom-fishing should take their profits
I just saw a picture I really don't want to laugh, but……………hahaha😂 I said to this friend, what are you thinking? What words should I use to comment on you? Many friends have been following me these past two days Thank you, everyone🙏🙏 I ❤️ you all