Bitcoin didn’t fall back much yesterday, but because of the continued decline in Ethereum’s exchange rate, some altcoins still collapsed. STRK hit a new historical low of around 1.07, LDO also continued to fall, and the lowest was around 1.5, ENA also hit a new low again, around 0.65, etc. However, it can be noted that some public chain projects such as SOL, FTM, ADA, AVAX, LINK, IMX, CFX, MATIC, ETC, CHZ, DOT and other old public chains or mainstream performances are still relatively strong!
I don’t know if this kind of trend is familiar to you. At the beginning of this year, there was also a wave of mainstream compensatory rally. Perhaps the current main force has already begun to quietly lay out!
Because Bitcoin is currently at a relatively high level, I personally think it is difficult to have a big increase in the short term. Therefore, in the short term, it should be mainly a wide range of fluctuations, that is to say, even if it breaks through the historical high, it will not go too high! On the contrary, there are signs of capital overflow and it is shifting to the mainstream sector. For the projects I listed above, you can make your own layout according to your understanding. I especially recommend MATIC, ETC, IMX, LINK, and SOL.
The second is the old AI sector. This sector can be used as the focus of continuous fixed investment, and it can be invested until the big bull market comes. That is, when you see that the previous trend of many varieties is just a straight line at that time, it means that the bull market has arrived and the rise is about to end. At that time, you can sell the chips in your hands! Focus on layout, LPT, WLD!
When the overall environment is not good, there are unlocked projects that have a relatively large impact on the short-term trend. For example, STRK and ARB, which have been weak, are followed by the falling AEVO. For these event-driven declines, it is better not to fight against the trend, but to follow the trend and make arrangements one after another!
Use time to exchange for space. The rumors in the market that VC coins and MEME coins do not accept each other are all marketing advertisements created by MEME coin participants! You just need to believe that the VC coin dealers also need to sell, and they will definitely rise. It is just a matter of time. The leeks are all players who chase the rise and sell the fall. Don’t look at the current fall and say that they do not accept each other. When it takes off, you will see whether the leeks will participate!
To put it bluntly, the reason why the MEME series is so popular is that it is pumping up the price. Therefore, the only thing that the leeks need to do is to pump up the price. It doesn’t really matter what track it is in. So, don’t say that no one is taking over from each other!
You don't take the order because it hasn't risen yet, and the real way to make money is to pick up other people's bloody chips when others are sneering at it! Wait until you can drink soup with the VC dog dealer, this is the correct way to participate! Look at the performance of APT in the past and SUI this year, which one didn't rise so fast! Also, don't talk about the total circulating market value. Can you imagine that FIL was more than 200, and the peak of ICP was also a few hundred. That was the bubble period of the bull market. Again, don't look at the current trend with the eyes of a bear market. In the future, perhaps the current fluctuation is just a straight line!
When the interest rate will be cut at the macro level is very important to the market trend, especially the crypto market, so everyone has paid close attention to it recently. At present, it is basically impossible to cut interest rates before September. The next two months will depend on the macro data in June, July and August. If the performance is ideal, then there is a high probability that the interest rate will be cut in September. Everything depends on the data.
Regarding Bitcoin ETF, on May 16, BlackRock IBIT had a net inflow of US$94 million; Grayscale GBTC had a net inflow of US$5 million; Bitwise BITB had a net inflow of US$1.4 million; and Franklin EZBC had a net inflow of US$4 million.
Bitcoin has already come out at the 4-hour level. As I said yesterday, it will continue to sprint upward in a volatile adjustment manner. After May and into June, the market is expected to fully recover.
Last night, meme quickly rose after a short-term adjustment, and people basically made a V-reversal. It is expected to continue to rise in the future. Once the meme market starts, it will not end easily. At present, it is still in the early energy accumulation stage of large-scale launch.
In the next market, I think it will continue to fluctuate between 63,000 and 67,000 in the short term. After stabilization, it will break through 70,000 US dollars with the help of Bitcoin spot ETF or other good news. In addition, if it falls back to 61,000 to 63,000, don't panic, just choose the right time to buy low.
Finally, I would also like to remind you of the risks. There are only two days left before the 519 incident. Of course, such a sharp drop will not happen this year, but I still advise everyone to avoid it. Even if it is metaphysical, don't make any rash operations on 519.
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