The May Day holiday is over. During this holiday, the market completed an effective support test near 56,000. After falling to the bottom on May 2, the market began a V-shaped structure trend. It has now returned to the upper position of 64,000+. Every time it falls, there will be a large number of institutional purchases. This will be the main narrative for a long time in the future. Since the approval of the ETF, Bitcoin has become an institutional currency.
Overall, during the holiday period, when the market stopped falling and rebounded, MEME and AI sectors were still the main narrative tracks, so we must make some arrangements every time there is an opportunity.
According to the macro forecast this year, May and June are the best time to intervene. By the end of this year, the market will show an explosive rise, and this rise may be even crazier than the fourth quarter of last year. The bull market is coming, hold the spot and follow the market hot spots to respond flexibly.
After a period of adjustment, Bitcoin has now been supported around 56,000. Every decline is the best opportunity for institutions, so the market will continue to adjust and fluctuate in a weak position.
At the 4-hour level, around 67,000 is a resistance level. At present, I don’t think it can quickly stabilize and then rise in a straight line. It is more about exchanging time for space, shocks and adjustments.
A new week has begun. In addition to the meme track, which tracks should we pay more attention to?
There will be several major AI conferences in May and June. On May 14th, there will be Google's 2024 i/0 event. On June 10th, there will be Apple's Developer Conference, and then there will be the release of chat Gpt5. In particular, Apple announced this year that it will invest heavily in AI development. These may bring new hype to the AI track.
Then you can pay more attention to the tokens of related tracks, such as the leading RNDR FET tao agix wld arkm., etc., and there are also many other small coins.
In the second half of the bull market, if you want to get rich, you need these three sectors:
It is said that those who know how to buy are apprentices and those who know how to sell are masters, but Ordi explains that as long as you buy low enough, you can still make good profits even if you don’t sell well enough.
There are only two ways to make money in the cryptocurrency circle: hoarding large amounts of leading public chains or platform coins with high certainty, or playing copycat games and betting on the leaders in hot tracks.
Those who are impatient and spend too much energy on contracts to get the local dogs are mostly cannon fodder.
It is relatively simple to bet on the hot track. It does not require you to practice the ability to judge hot spots. If a hot spot still needs to be studied and found, then it is not a hot spot. Hot spots are obvious and known to everyone.
The best performing meme can be seen at a glance.
The memes stored in the second half are mainly PEPE, FLOKI, and DOGE.
It is even more obvious in AI. The top stocks with high trading volume and strong institutional endorsement include FET, arkm, wld, and agix.
Since CZ was recruited, the compliance track has become the direction that many trading platforms are heading towards.
And there is a saying: Buy brokerage firms in a bull market.
Platform coins are not missed in almost every bull market. After all, the more bullish they are, the faster their user growth will be and the better the benefits will be.
Therefore, the success or failure of this round depends on these three tracks.
Judging from the current trend of Bitcoin, it is still relatively strong. It will change before 8 o'clock tomorrow night at the latest, and it is likely to continue to surge upward. The short-term target is around 70,000. When Bitcoin was still at 25,000, we thought it would take some time to break through the new high. As a result, with the arrival of the Bitcoin ETF, institutions led by BlackRock entered the market and directly bought Bitcoin, easily breaking through the historical high. The current market structure may have changed!
All the current pullbacks are good opportunities for layout! Always remember one thing: a decline is an opportunity, and an increase is a risk! At present, most of the varieties have fallen to a relatively historical low, and the dealers are quietly laying out. The real cottage season is far from coming! Don't wait until the explosion every day and the demons are dancing wildly before you realize it!
Looking back at the beginning of 2021, you will find that the trends of many projects are the same as ETC. In January of the year, it was still mediocre. About two months after Bitcoin broke through the historical high of nearly 20,000, it ushered in the explosive moment. Projects that can double, double again, tenfold, and a hundredfold in just a few days are emerging in an endless stream. Looking at the current market, you will understand that our money-making market is far from here. However, it has been almost two months since Bitcoin broke through the historical high!
This round of market is different from the previous round of breaking historical highs, that is, it is a little bit faster in time. Then, according to the principle of exchanging time for space, Bitcoin may fluctuate around 70,000 for a period of time to consume a large number of profit-taking plates. After the chips are fully exchanged, it will start to explode again. During this period of time, the copycat market is actually in a very lagging stage. An oversold rebound should be a high-probability event, which can be seen from the strong rise of some sectors at present!
Everything has just begun. Don’t miss the best opportunity to layout. Any dividend is cyclical. With the massive entry of institutions, it will become more and more difficult for our circle to make money in the future, because leeks will grow, and institutions and retail investors, institutions themselves have a great advantage in the game between retail investors and retail investors. What we need to do is to grasp the current round of bull market. There are not many opportunities to seize in life. If you don’t take a chance now, when will you?
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