#BITCOIN & Other 9 Coins on Mood
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Relatively bullish and quiet day in the market. The PCE price index news was as expected, unlikely to move the markets. Bitcoin had a bullish reaction with significant buys since 11:00 am. End of the month (May 31st) and Friday typically lead to volatility, which could go both ways but has a higher chance of bullish momentum. However, caution is advised due to low volume and market circumstances. In the crypto sector, meme coins are a category to watch, with many (e.g., BONK, FLOKI, WIF) needing to break key levels to rally, and Bitcoin's performance likely impacting their momentum. Among other coins, UNO is relatively strong; LINEAR (Linear Finance) has fundamental potential; CHZ has potential but is technically bearish; OMNI is strong with a relatively low market cap; and ACE could rally if it breaks above $6. Overall, be careful due to expected volatility. The speaker is slightly more bullish on Bitcoin but will change their stance quickly if there is a significant sell-off and a drop in open interest.
