只码春珠

Daily Market Analysis (05.07)
Summary:
1. Unlike Bitcoin, the US stock market weekly chart has not completed its downward movement. The Nasdaq and S&P are very likely to break below their previous lows in the subsequent daily movements, but Bitcoin may not break below its previous low and will see a second buy signal.
2. Last week's non-farm payrolls and tonight's interest rate decision.
3. Brief discussion on the A-shares market.
4. This morning's rise is a bit strange, but in any case, this daily level upward movement is nearly complete.
5. Since the current upward movement at the daily level is the first daily level rise within a weekly level rise, and we are currently at the end of a bull market, regardless of how high this rise goes, the subsequent daily level downward movement will likely drop quite deeply.

Operational Strategy:
1. Holding short position on $BTC , with a take profit at 84500, and purchasing Bitcoin spot. Allocate 1% leverage for a 100x Bitcoin-based long position, adding another 1% at 82500 and 78000. Close half of the long position at 106000, with the remaining position aimed for 118000, and cut losses if the weekly entity breaks below MA60/EMA60.
(The next daily level downward movement for Bitcoin could replicate last year's wave from late August to early September if it is aggressive, or it could mirror the movement from late September to early October, but it will definitely move out. Currently, the ideal scenario appears to be a three-stage decline, first reaching 84000, then rebounding to 90000, and finally dropping to 82000 to finish.)

2. Holding short position on $ETH $SOL , to close the short and buy spot when Bitcoin hits around 84500. For spot and Bitcoin-based long positions, do not choose ETH, opt for SOL instead. The expected peak for SOL is between 265-295, and it will not be lower than 210. Close half of the Bitcoin-based long position at 214 and start moving the stop loss up, exiting completely at 273.

3. Altcoin targets: JTO, ONDO, SUI, SEI, STX, MKR, AAVE, TAO, RENDER, XLM, LINK.
Buy when Bitcoin retraces to 84500. New targets: RENDER, VIRTUAL.

After researching Big Time, let's discuss our understanding of it, which may not be correct, focusing on communication.

Big Time is a large-scale multiplayer online role-playing game (MMORPG) based on blockchain, developed by Big Time Studios. This game allows players to explore a virtual world and collect rare and unique digital items, which are non-fungible tokens (NFTs).

Is Big Time fun? It depends on who you compare it to. Compared to mature web3 games, it is clearly far behind, but it is much better compared to previous GameFi projects.

Why do I recommend this project? What attracts me most is its team. The team at Big Time Studios consists of seasoned professionals from the gaming industry, including those who worked on well-known games such as Fortnite, God of War, and Call of Duty in past projects. This gives Big Time a high standard in game design and development.

Moreover, the market capitalization of this project is currently relatively low, around 120 million, and it has completed its gold mining phase fully last December. The mining studios have also mostly offloaded their tokens, so the price has dropped by 95% from its peak. Currently, it's easy to pump the price, and it has already been listed on all major exchanges, so with a strong background and technology, we can expect it to see a 2-3x return in a bull market.
$BIGTIME

The results of the Binance second round voting for new listings have come out.
UXLINK came in first, which is highly likely to go live.
I think the others like IP have a 90% probability of being listed.
Other projects like ONDO and BIGTIME are also likely to be listed.
This time, Binance has not set a limit on the number of listings.
Moreover, the projects voted on this round are relatively good.
So it is possible for multiple projects to go live at once.
#加密市场反弹