May 3, 2023 Grandpa checks in
Today's focus is Sui, which will be launched on Binance at 8:15 tonight. It is a Layer1 public blockchain network developed by Mysten Labs, using the Move language as the development language. It is also a sister project of Aptos and has attracted much attention. According to the current OTC price, the opening price is conservatively estimated to be 1U. If APT is used as a benchmark, the price can reach the range of 1.5-2 US dollars. Previously, there were some quotas in OK and Kucoin, including this Binance mining, and you can actually arbitrage some Sui.
In the B circle, I think some core skills are still relatively important, such as the ability to quickly learn new fields and new hot spots, such as conventional arbitrage and new stock skills. Just like this time #sui , if you rush in at the first time when the price is around 1, whether you sell at a high point or hold until the end of mining, you can successfully get 1-2 points of profit. I will occasionally mention this in my daily articles, and you can explore it.
The market rebounded and did not continue to test the support of 27,000 points. So our next focus becomes the rebound height. 29,000 is the short-term pressure. If this cannot be broken, the daily level risk is too high. The overall profit-taking range has been entered, so it is better if there is a rebound next. If not, we should take profit at a relatively low position. It is a pity that at this stage, there is no capital rotation to the cottage, and this configuration is not profitable.
The most important macro direction in the future depends on the monetary policy of the Federal Reserve. The current news is that there is a high probability of a 25 basis point rate hike, but there is no statement on whether the rate hike will end, so the news may not appear. The market is more worried about the hard landing of the US economy. In my opinion, the consistent cyclical signal is that recession is inevitable, so we must try to keep enough bullets in the market in May and June.
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