Today's Cryptocurrency News
I won't reiterate too much about the macro environment. In short, the easing tendency of monetary policy will definitely come, it's just a matter of time. The current interest rate is unlikely to have a "rate hike", and the only thing left is a reduction. In addition, due to the expectation that regional conflicts will no longer intensify, gold has fallen, and risk assets are now back on the rise.
ETFs saw a full inflow last Friday, which was also caused by macro influences, but the number of ETFs in Hong Kong is indeed pitiful. The three institutions combined only have more than 4,000, and the trading volume in Europe and Canada is also pitifully small. At present, the global Bitcoin spot ETF holds a total of 930,000 Bitcoins. We will continue to focus on the trading of US ETFs.
There are many positives for the AI sector in May and June.
ASI three-in-one, airdropped and circulated soon
-Google 2024 I/O event (May 14)
-Apple Developer Conference (June 10) Focus on AI
- Chat GPT-5 released (June to July)
In addition, AI has been adjusting recently, so it has rebounded rapidly in the past few days. Is the second spring of the AI sector coming?
The once popular WEB3 social FRIEND.tech has issued a coin. The leveraged launch has suffered a large fluctuation, soaring and plummeting. The reason is unknown, but it can be seen that the popularity is still quite high, but it is still a traditional DEFI model.
The news that Tesla's official website has added Dogecoin payment was exposed again at the weekend. This is old news. As early as 2022, Dogecoin can be used to pay for peripheral products. I don’t know why it was exposed again this time. The dog dealer wanted to pull the market through the news, but no one bought it.
Market Interpretation
Bitcoin should have gotten rid of the downward channel reversal at present. The subsequent thinking should be mainly bullish. It made the last support at MA120. This should be the bottom of the daily or even weekly line. And I remember that when it fell, it was the independent decline of Bitcoin and Bitcoin, and the copycats did not follow. So there may be another second test in the future market. It is estimated that the possibility of 62,000 is relatively high. But if the US stocks and ETFs are strong at the same time, there is a probability that they will rise directly without a second test. But I think the real breakthrough may not be in May, but in June.
Bitcoin and Bitcoin continue to be linked. The Ethereum ETF in May will finally decide whether it will pass. It is still likely that it will not pass, so continue to be linked
The copycat market is still dominated by MEME and AI. The rhythm of the atypical bull market continues, so there is a high probability that there will be no general copycat season this time. It is very important to choose the right sector.
Today's panic greed index: 71 (greed)
I am May. If you are confused and can't understand the market, click on the avatar introduction to find May and operate together #AI板块 #memecoin $ETH
