The cryptocurrency market is about to skyrocket! These two great benefits are coming, and you don’t know yet? Come and have a look!
These coins are about to explode, I have already made moves, and the AI sector will also usher in huge opportunities.
So what will happen to the cryptocurrency world next? Let’s follow Shuqin to find out.
Everyone must still remember the huge surge in the cryptocurrency market last week. All mainstream coins rebounded by 20-30%, so some investors are unsure whether this is a dead cat bounce or a real reversal of the situation?
In fact, this question is very simple. We can speculate the next trend of the currency circle by finding out the reasons for its rise and fall. The big surge last Friday was due to the rise in unemployment data at 8:30 pm, which cooled the overheated labor market, which strengthened Wall Street's expectations for the Federal Reserve to cut interest rates from one rate cut this year to two or even three rate cuts.
The previous plunge in the cryptocurrency market was also caused by inflation. At that time, Wall Street was afraid that the Federal Reserve would not loosen its monetary policy this year, which would cause the capital market to bleed, so they began to sell off cryptocurrencies and US stocks in large quantities. Therefore, the next CPI data is particularly important.
Now comes the most critical point. The latest CPI data will be released at 8:30 pm next Wednesday. If the result is lower than expected, the cryptocurrency market will surely see a repeat of the huge surge last week, and the Fed will also turn from hawkish to dovish. Will the inflation data next Wednesday fall or rise? This is actually not difficult to judge.
Various commodities, such as oil, natural gas or silver, have seen sharp declines in recent weeks after experiencing sharp increases in recent months.
Coupled with the cooling of the job market, the inflation data this time is likely to be positive or in line with expectations. And there is a huge positive at the end of this month, which we will talk about later.
On Wednesday, the day before the CPI is released, we can also look at another related data, PPI, which is highly correlated with CPI. Many smart institutions and managers are also aware of these data, so these people are likely to start adding positions. Therefore, Shuqin thinks that the cryptocurrency market is likely to strengthen before the data comes out next week, so any pullback is an opportunity for you to add positions. However, this is only about CPI. If there is other news, we will talk about it then.
So which coins are worth ambush recently?
First of all, there is a high probability that the AI sector will usher in another wave of speculation. The last time major AI projects soared was because of the Nvidia conference on March 18, and all currencies surged by more than 40% in the two weeks before the conference.
This time, Nvidia has another important agenda, which is that it will release its latest financial report on May 22. Once it is higher than expected, the AI sector will rise collectively, and coins with related concepts such as RNDR and FET will also take advantage of the popularity and rise with the trend.
In addition, as we mentioned in the previous program, Chat Gpt is likely to release a new version, which has become a hot topic in the market.
As for the K-line, RNDR also has very strong upward momentum. First, it broke through the downward trend line, and now it has formed a W double bottom, so this coin will have a good performance in the next few weeks. Those who haven’t gotten on the train yet can wait for a breakthrough and pullback, which will be a good opportunity to increase their positions.
Shuqin had urged everyone to buy this coin at the bottom many times when it plummeted before, and now it is indeed performing very well.
In addition, WIF is similar to RNDR. Both have broken through the downward trend line on the K-line and started the explosive pull-up mode. Now it is encountering resistance at the neckline at the bottom of W. It is a healthy correction. You can arrange it on dips. After the consolidation is completed, it will most likely break through and explode again.
He and Pepe have repeatedly urged us to buy at the bottom, maybe 3 or 4 times. When others were cutting their losses, we resisted the pressure and entered the market bravely. Now, not counting the leverage, the market has risen by 30-40%. We are really happy.
And it’s not just long-term planning, we also open short-term orders every day, and we went short twice in a row at 3.48, which is really a great profit.
We update these operations in real time every day, so those who are interested can take a look, let’s seize this bull market together!
Okay, let’s get back to the topic. There is also a good chance with these two coins.
The first one is the frequent visitor BNB.
The last time he mined was on April 24th of last week, which is two weeks ago. So the probability of him mining this week is very high, especially now that the market has warmed up a bit. I think we can lie in ambush, and when he announces mining in a few days, the price of the coin will surge again.
Even if the cryptocurrency market is also rising at that time, BNB might break through the trend line with this double benefit, and then it will fly directly. After all, it has been consolidating for two months and may explode at any time.
And if you are looking for high risk and high return, then Rune sub-leader Dog also has a good chance.
The price has already adjusted back a lot, so you can take a small position to try. I think Dog is the equivalent of Rats in Inscriptions, both are popular coins. RuneCoin is the equivalent of Ordi, which is a famous school.
However, since the runes have just been released, there is a lot of uncertainty. It is an opportunity as well as a risk, so whether to take a chance depends on your personal risk preference.
Dog will have the opportunity to be listed on the first-tier platforms one after another. I think each listing will cause a significant increase in price, so we can ambush in advance.
For example, RSIC or RuneCoin, which we asked everyone to ambush before in our program, surged by 40% last weekend and reached close to 0.017. It was very exaggerated. Many people told me the good news, so the volatility of Rune is really huge, full of surprises and shocks.
In addition, everyone must pay attention to May 29th, because the cryptocurrency market is likely to surge in those days, and even the entire bull market will really start at that time. It is the biggest event in the cryptocurrency market this year, the Consensus Conference.
I even think that the big bull market of this cycle is very likely to start a key signal at that time, so everyone must be prepared. The big bull market may really start inadvertently!
Finally, don’t forget to like and follow us, let’s achieve financial freedom together in this bull market, okay!
