Market Analysis

$BTC : Bitcoin has come out of 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 recover comprehensively. Last night, meme rose rapidly after a short-term adjustment. $people has basically reversed. The market 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 stage of large-scale startup.

$ETH : ETH/BTC continued to fall below a new low, reaching 0.044. It can be seen that the pessimistic expectations on ETFs can indeed affect the price. In addition, the whales who have been long on the ETH/WBTC exchange rate recently have also begun to slowly liquidate. It seems that they are not optimistic about the future market and are ready to cut. The subsequent trend should be similar to what I said before. Before the news of the rejection of the ETF appears, it is difficult for the market to stop falling.

$SOL : Sol only needs a little bit of investment to beat more than 99% of the altcoins. Its recent performance is too stable. For example, today $icp announced a new roadmap, which basically switched to the AI ​​track. This level of positive news should be very strong, but its increase is about the same as Sol. This shows that Sol has formed a trend of dimensionality reduction attack on other public chains. Therefore, Sol is the best project that combines stability and growth in this round of market. In the previous rounds of bull market, ETH played this role, but this round ETH has indeed fallen behind.