TRB has recently become popular again, and it has tripled in a week. The discussion about it in major communities is extremely huge. A friend said that the technical logic of TRB is very strong. Every time it is pulled up, it is when no one in the market is interested. Suddenly, it will take off and wait for the market to generally recover and then turn downward with twists and turns, which will make you doubt your life.

I guess they were fooled by the short-term negative market. How can this operation be caused by strong technical logic? It is clear that the market has been thoroughly cleaned up, from 629 points to 41 points, and then after the overall environment has declined a little, there has been a wave of eye-catching behavior, starting a new round of madness. This kind of operation does not require technical analysis at all, and anyone can do it with a knife!

On the macro level, yesterday's ETF data did not have the inflow status of the previous two days, with a net outflow of 299 ETFs, totaling 19 million US dollars. However, the overall impact of this data has not been significant recently, and the inflow and outflow of OTC and on-site funds have reached a relatively dynamic balance. In the long run, this momentum is still good. Similar to the rebound relay of the market, it is expected that there will be another round of inflow after reaching a new balance.

Grayscale withdrew its application for the Ethereum spot ETF today. It is highly likely that it had known in advance that the application would be rejected at the end of the month, which is logically in line with expectations. Knowing that things cannot be done, Grayscale took a step back to improve the relevant agreements and reduce the workload of the SEC, so as to do things more efficiently, and everyone is happy.

The discussion about the current high interest rates has been quite hot on X recently. With the election approaching, the pressure on the Americans is still quite huge. The economic data has been very strong in the past six months, but the Americans must know that the continued high interest rates may lead to the collapse of the US economy. The neighboring small country has fallen so much that it can't bear it and has collapsed. The European market is now in a state of panic. The Americans may not be able to hold on to the end. Let's wait and see.

Bitcoin derivatives traders bet that the price will break 100,000 in September, and call options have turned around first. Market sentiment is estimated to be close to the critical value of this round of correction. Sanshu believes that the market must be objective. Regardless of short-term liquidity, macroeconomic policies and emotional logic, a mature market will have its own logic and cycle. The market fluctuates, and the cycle cannot be changed.

There is nothing much to say about other aspects in the short term. Often at the end of the market adjustment, the cottage will be seriously sucked blood, some monster coins will come out and jump, and the big cake will confirm a short-term bottom, and the market will end. This round of adjustment cycle is close to three months, which is seriously longer than the previous adjustment time of the same cycle, but the depth is consistent with the past.

BTC: Bitcoin is indeed heading towards the 62,000 to 60,000 range. From the on-chain data, it is unlikely to break 60,000, but the loss of 62,000 is definitely a fact. In a clear market adjustment cycle, if the market falls as expected, there will be more sufficient data support for the subsequent market dynamics. The short-term adjustment is expected to be over. However, as mentioned above, the overall market in May will not have too much logic of a new high. It is highly likely that it will fluctuate upward after successfully bottoming out, and then seek opportunities for breakthroughs next month.

ETH: Ethereum is linked to Bitcoin, with a daily support of 2760 points. Most of the recent bottom-fishing on the chain choose Ethereum between Bitcoin and Ethereum, probably considering the short-term cost-effectiveness, for reference only.

Copycats: The meme series on ETH and SOL chains are given as references above. For the AI ​​sector, you can pay attention to pixel, agix, ai and xai. Just choose one or two to pay attention to. Take advantage of the trend, not the pattern. Other copycats are not considered for the time being. The news of these sectors is gradually approaching, and it is expected to become the first gradient of the rebound. The turning point of the market is expected to appear this weekend.

Finally, stay away from leverage and stock up on spot goods! ​​​#灰度撤回以太坊期货etf申请 #BTC走势分析 #Meme币你看好哪一个？ #5月市场关键事件 #Friend.tech前景预测 $BTC