Technical analysis: It just rose to the top of 72000U on May 21, the same resistance position. The last time it fell from 72000 to 66000U, it took 3 days.
News: The much-anticipated non-farm payrolls data showed an increase of more than 270,000 non-farm population. The strong employment data greatly increased the Federal Reserve's desire to maintain high interest rates. The confidence of major institutions in the Federal Reserve's interest rate cut in September suffered a severe blow, so they sold their stocks at a loss, which eventually led to a collective collapse of long positions.
Emotional aspect: According to authoritative data detection, since BTC rose from US$57,000 to US$72,000, this month has reawakened the confidence of many retail investors. They always cursed the market as a scam (and dared not buy) when the market was sluggish and they could buy at the bottom. In the end, the market rose very high, and they began to chase the rise and talk about the blockchain revolution. This kind of sentiment of chasing the rise and selling the fall is very strong, especially when there was a big drop on April 14, there were gold mines everywhere, such as SOL120U (later rose by 50%+), ORDI30U (doubled), pepe with 5 zeros at the time (now up 240%), etc.
Fundamentals: Since Bitcoin passed the ETF, it has risen all the way to $73,000. BTC has been fluctuating for nearly 3 months. Although major institutions have been accumulating, there are also many high-level dumping, which has caused a temporary consensus problem. In addition, the last big bomb in the currency circle is the interest rate cut. With the upcoming summer vacation, European and American trading institutions will be in a bad situation. The annual rise is generally in the autumn from September to October.
Copycat noodles: In fact, the copycat season has arrived, but there have been rounds of increases, and some have only risen once and then fallen back. Only one sector has achieved a hundred flowers blooming, that is MEME (meme coins), such as pepe, people, wif, bome, bonk, floki, etc., which have doubled in price, indicating that retail investors no longer believe in institutional coins (unlocking routines) and have begun to have the idea of collective consensus.
According to our principle of only being a leader in the copycat industry, the profit performance is good. ORDI is the coin that our community has been holding and trading. There are relatively more profits and trading opportunities. It has also risen to the strong resistance level of 65U. Leveraged contracts must be done with caution.
The second is the AI concept. The hottest ones are FET, AGIX, and WLD. They are about to merge. The current trend is a violent wash to clean up the unsteady ones. Otherwise, we would have played with 1.3U until 3U doubled and continued to do so. This is the same idea as buying ORDi at 31U at the bottom, buying when no one cares. The second is the concept of demon coins, such as TRB, the death-level project FIL, ICP, EOS, etc. You only need one concept coin. Buying more will only be repeated and useless. #非农就业人数高于预期
