Today's sharing:
1. The secondary market is gradually warming up, which can be seen from the Binance new coin list. Every time there is a market, Binance new coins will not perform badly, especially those that fell sharply in the early stage and were criticized by many people. After all, dog dealers also want to take advantage of the market to pull up the market and sell. No matter how many vc coins are criticized, they have finally been listed on a big exchange and will make a lot of money, and we will follow them to drink soup.
2. The market is coming, the volatility is coming, the money-making effect is coming, everyone should pay more attention to the market, and when the money-making effect is strong, just take a break when the market is not good. Regarding Ethereum, I still have the same view that Bitcoin in your hands should not be exchanged for Ethereum before the exchange rate breaks through. When the exchange rate reverses and breaks through, the bull market is also approaching the late stage.
I have praised ONDO many times. Let me briefly explain the logic behind my optimistic view on the RWA track:
1. This round of bull market is undoubtedly an institutional bull market, and the main driving force behind it is the Old Money led by BlackRock. We can see that BlackRock wants to do more than just BTC ETF in the crypto market. The configuration of other crypto assets and making crypto assets flexible to become the liquidity of US bonds and stocks is an important development direction, and this is definitely what American capital is willing to see.
2. In the correction in mid-April, most of the altcoins were almost cut in half, and among the few currencies that were able to hit new highs in May, ONDO, as the leader of RWA, demonstrated its very strong potential and the strong purchasing power hidden behind it. At the same time, every strong rise of the leading ONDO can bring about a good sector effect, which is particularly important.
3. We can see that more and more crypto projects are beginning to move towards the RWA concept, whether it is LINK, JUP, or even HBAR that piggybacks on JPmorgen. At the same time, we must see that the market's response to these good news is very positive. Often a piece of news can lead to a strong rise in the price of a coin, which is a very positive signal.
4. The overall RWA sector does not experience sharp rises and falls. We can see that it is accumulating strength for more time. I understand that this shows that the overall sector is still in the stage of value discovery and is still a long way from the hype bubble period. This allows me to see the strong potential of the sector.
One more thing to add: although ONDO is also a VC coin, fortunately the chip release is more suitable for long-term holding. There is no monthly linear release, and the next release will be in January 25 years.
The current market situation is actually not complicated. Yesterday, during the market decline, the U.S. Bitcoin spot ETF had a net inflow of 108 million US dollars. From a technical structure perspective, the daily closing price did not fall below the key support of 67,200, the neckline of the head and shoulders bottom pattern, let alone the key support of 66,000.
Therefore, the buying at this position is relatively strong. There is no need to be afraid of the wolf coming every day. The wolf has not come and will not come. The space below the market is limited. On the contrary, this callback is to prepare for the subsequent pull-up. Just wait patiently for the market to return. It is important to pay attention to whether the market closes above 67,200 at 8 o'clock tomorrow morning. The market will not have a black swan event that cannot be predicted, and it is difficult to have a big drop. We just need to hold the spot chips in our hands and don't panic.
It’s time to eat, drink and have fun, and the market will be back before you know it.
Let’s take a look at the dog dealer layout from the on-chain data:
1. The amount of BTC flowing into exchanges has decreased significantly in the past two days, which is good for the cryptocurrency industry.
2. The amount of stablecoins flowing into exchanges has increased in the past two days, but there has been no change from yesterday to today, which is a good sign for sufficient funds.
If there is no black swan event such as war next week, the market is still bullish.
Next week, focus on Friday night at 8:30 p.m.
The U.S. core PCE for April was released. If it was higher than expected, it would be bearish. If it was lower than expected, then it would be awesome. BTC is expected to challenge its previous high!
The US election will begin in November. In order to win votes, Trump is quite crazy and said that he will support the self-custody rights of 50 million cryptocurrency holders across the United States and will get rid of congressmen who oppose cryptocurrency. This is a big boon to the cryptocurrency circle.
You can’t go wrong by playing around with copycat hot spots!
A few key points:
1. Apple Developer Conference held on June 10. It is reported that GPT-5 will be released this month, which is undoubtedly a big boon to the entire market. Especially for rndr, Arkm and wld, these currencies deserve our close attention.
2. The upcoming European Cup in June and the Olympic Games in July and August!
3. ETC’s production reduction will come around June 1st. There are still a few days left, but generally speaking, the market will hype it up in advance!
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This is the end of the article. I will do a more detailed analysis in the circle. If you want to join, send me the official account (The Attack of Krabs) and I will reply to you in time~!
