2024.5.14 Market Analysis and News

Market Analysis:

Bitcoin rebounded to 6.3w yesterday. From the data on the chain, the support and selling remained stable. The inflow of ETFs supported a wave of upward rebound. The long and short positions were relatively weak and tended to be short. They may all be waiting for tomorrow's CPI data. This wave is still a rebound rather than a reversal. It is expected that it will take more than a month of consolidation before the main upward wave can be started!

News:

1. Pepe, Floki, Michi and other meme stocks rose, and Pepe hit a new high. People who are about to hold the US election yesterday can be arranged. There is also a good increase today. Trump has recently increased by nearly 3 times. Whoever gets the meme will get the world.

2. BB was listed on many exchanges yesterday. BB is a pledge agreement made by the auction team. After listing, it performed generally. The market is good in the later period. It feels that there is great potential. Auction fell sharply

3. Tonight at 10 o'clock: your dear Powell will speak, and tomorrow night at 8:30: the key US inflation data CPI will be released.

4. OpenAI's press conference was released last night. The good news turned out to be bad news, and the AI ​​sector has experienced a correction.

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