#doge is very fom now. As long as Bitcoin rises a little, Dogecoin's funding rate will soar. I think Bitcoin will fall to around 61,000 in the near future, which will kill everyone's positive emotions. Now everyone is actively getting on board, and we won't let everyone take off comfortably. #BTC走势分析 #Dogecoin即将推出XPayments
Here is a briefing on important news in the currency circle in recent days:
1. **Ripple (XRP) and SEC Case**: As the May 20 hearing approaches, Ripple’s confidential data may be at risk, triggering widespread market attention [oai_citation:1,Top 10 Crypto and Blockchain Events In 2024] (https://coinpedia.org/top-10/crypto-and-blockchain-events/).
2. **Solana (SOL) Price Prediction**: According to the prediction of the co-founder of Synracy Capital, the price of Solana may reach $200 before the end of May [oai_citation:2,Top 10 Crypto and Blockchain Events In 2024](https:// coinpedia.org/top-10/crypto-and-blockchain-events/).
3. **DeFi Security Vulnerabilities**: Many recent DeFi hacking incidents and security vulnerabilities have once again reminded the market to strengthen security measures [oai_citation:3,Top 10 Crypto and Blockchain Events In 2024](https://coinpedia.org/top- 10/crypto-and-blockchain-events/).
4. **Altcoin Market Performance**: This year is expected to usher in the largest Altcoin season in history, and many Altcoins are expected to achieve significant growth[oai_citation:4,Top 10 Crypto and Blockchain Events In 2024](https://coinpedia.org / top-10/crypto-and-blockchain-events/) [oai_citation:5,12 Best Crypto to Buy Right Now — May 2024 - CoinCheckup](https://coincheckup.com/blog/best-crypto-to-buy / ).
5. **Bitcoin Open Interest**: The current open interest in Bitcoin contracts reaches $33 billion, showing the market’s interest in Bitcoin and potential volatility[oai_citation:6,Top 10 Crypto and Blockchain Events In 2024 ](https://coinpedia.org/top-10/crypto-and-blockchain-events/).
These pieces of news indicate that the market is paying close attention to different cryptocurrencies and related projects, and investors should pay close attention to these developments to seize market opportunities. #BTC走势分析 #5月市场关键事件
In the financial market, the symbolic meaning of dates can indeed have a certain impact on market sentiment, especially dates that have experienced major events. This phenomenon can be regarded as part of market behavior, where people are often influenced by past events and have specific psychological expectations. Looking back at the crash on May 19, 2021 On May 19, 2021, Bitcoin and other cryptocurrencies experienced a massive crash that is still fresh in the minds of many investors. The reasons for this crash included the Chinese government’s crackdown on cryptocurrencies, Elon Musk’s negative comments, and market concerns about environmental issues. These events triggered panic selling in a short period of time, causing the market to fall sharply.
I am still waiting. I am not going to go short until it reaches 68,500. Let me make a conspiracy theory. I think this time it will rise to 70,000 to create a bull trap. Bitcoin rose to 66,666 a few days ago. What does this mean? This shows that Bitcoin has a harvest. #BTC走势分析 , Bitcoin has been rising for 17 consecutive months. I personally think that this cycle is very long and Bitcoin may have entered the overbought range. If it directly rushes above 100,000, I will think that the bull market is over. This bull market may not have much time #BTC走势分析 , if it doesn’t fall, there will be no chance to fall.
I suggest you stop trading Bitcoin now. The market is a little uncertain now. I personally tend to think that it won't be able to jump for long, especially before the data at the end of the month. What should I suggest you do now? You can either open a short position to take a gamble. After all, there is no return without risk. Or, you can wait until Monday to open a short position. What should I say now? I feel that the mood today is still a little good. Why did it rise during the day? I personally think that the rise during the day may be a bad sign. If you think about it, it fell so badly last night, and then it rose during the day. There must be something wrong with this abnormality, right? During the Asian time during the day, these people were all dumping the market. Then, the US dumped the market last night, but the Asian market pulled up during the day. It's not strange. I smell a hint of conspiracy. #BTC走势分析
Short bar #BTC走势分析 , take profit by yourself. Now is a volatile market. The rise during the Chinese New Year was too fierce, with tens of billions of dollars pulled up. So this is real money used to pull up the market to build a position, not a dog dealer pulling up the shipment. But I think there will be a wash market, and the market will fluctuate and fall
Combining various current information and forecasts, we can make the following forecasts for the US April CPI released on May 15:
1. Historical trend: CPI data has risen continuously in the past four months, which shows continued inflationary pressure. If this trend continues, the CPI data in April may also rise.
2. PPI data: The core PPI (Producer Price Index) rose by 0.5% month-on-month in April. PPI is usually a leading indicator of CPI because increased producer costs will gradually be transmitted to consumer prices. This suggests that CPI may continue to rise
3. Non-farm payrolls: The latest non-farm payrolls (NFP) data was lower than expected, which may indicate a slowdown in economic growth, which in turn has a suppressive effect on inflationary pressure. In this case, the CPI growth rate may not be as high as expected
4. Cleveland Fed forecast: The Cleveland Fed predicts that the annual CPI growth rate in April will be 3.5%, and the monthly growth rate will be 0.4%, which is the same as in March. The core CPI is forecast to grow at an annual rate of 3.7% and a monthly rate of 0.3%, slightly lower than 3.8% and 0.4% in March.
5. Market and economic analysis: Some economic analysts and market commentators also believe that inflationary pressures may ease due to economic slowdown and weak job market. This is consistent with the forecast of the Cleveland Fed.
Taking these factors into consideration, I predict that the April CPI data released on May 15 may maintain a similar growth rate as in previous months, with an annual growth rate of around 3.5% and a monthly growth rate of around 0.4%. The core CPI may slow down slightly, with an annual growth rate of 3.7% and a monthly growth rate of 0.3%.
This forecast combines the recent PPI upward trend and the suppressive effect of the weak job market, and is a comprehensive judgment. If there are further market changes or economic data releases, the forecast results may need to be adjusted. #美国4月CPI通胀数据即将公布 #BTC走势分析 #5月市场关键事件
In fact, I kind of hope that Bitcoin will rise to 67,000. In this way, I can go short at a high level. I personally think that the CPI data will be positive, it will show that inflation is slowing down, and then there will be a big rebound, the last gasp of a spent force #BTC走势分析
It will fall in the long run, you can believe me. The dealer is not a human, he is a beast. You in this market, the cryptocurrency circle does not create wealth, it only transfers wealth, the money you earn is the money lost by others. So think about it, the dealer wants to make money from you, so what will he do? He will definitely crash the market, and you will definitely panic. Now most people are fully invested, and the experts will definitely crash the market to harvest others, because only when you crash the market, others will panic and sell #山寨币热点 #5月市场关键事件 #BTC走势分析
Now we are waiting for the Fed to release the CPI data for April. If this data is positive, it may increase by about 10%, and it is very likely to rush above 65,000 again. So although I am bearish, I dare not short at present. After the CPI data comes out, it is possible that the bulls will have no cards. The only cards the bulls have now are the Fed's interest rate cuts. So I think there are actually quite a lot of bearish people in the market. Of course, there are also quite a few bullish people, so there are big differences now. Everyone should follow me to short. The low multiple should not exceed this and should not exceed three times. I think three times is very dangerous. Everyone should not be too greedy. See if this market gives opportunities or not. I suggest that everyone is short now. If the CPI data released every year is positive, everyone can do it and short again at that time. #BTC走势分析 #美国4月CPI通胀数据即将公布
Let me tell you the logic behind my judgment of a sharp drop. There is only one logic, that is, it has been rising since January 2023, and a long rise will inevitably lead to a fall. It is that simple. #BTC走势分析
Bitcoin trading volume hits a new low, and on-chain activity is also low. The current cryptocurrency market is generally full of fear and hesitation, and the following may happen:
1. Price drop: Fear and hesitation often lead investors to sell in large quantities, pushing market prices down. Investors may choose to withdraw due to market uncertainty, resulting in increased supply and reduced demand, which in turn pushes prices down.
2. Reduced trading volume: Fear and hesitation will cause investors to avoid trading because they are unsure of the market trend or worried about losses. As a result, trading volume in the market may decrease, resulting in lower market liquidity and increased price volatility.
3. Increased market volatility: Although trading volume may decrease, market volatility may increase. This is because those investors who are still active may trade more emotionally, leading to rapid price fluctuations.
4. Low investor sentiment: Fear and hesitation will make investors feel depressed, and they may feel anxious and uneasy. This may further exacerbate the panic in the market and form a vicious cycle.
In general, when the cryptocurrency market is full of fear and hesitation, it may lead to falling prices, reduced trading volume, increased market volatility, and low investor sentiment. This situation may continue for some time until the market finds balance again and regains confidence. #BTC走势分析
The big crash is coming. How little is the trading volume of Bitcoin on Binance? This shows that the market is brewing a big market, so it is best not to open a contract now. If you are brave enough to take a gamble, you can open it, but I think the current short-term trend is still downward. If the United States has not cut interest rates yet, I don’t think a big surge will come. We have to wait for the bank to cut interest rates before we have the basis for a violent bull market. At this stage, how much do I think it will fall? It may fall to 55,000. #BTC走势分析
TRB went in at more than 5 times the price. TRB wanted to use its bad reputation to think in reverse and pull up to lure short sellers. I saw through the bitter tea of the banker #BTC走势分析
I saw on Twitter that 60% of people are fully invested, and 40% of people have positions of 5 to 8 layers. Now most people are on the train. The follow-up funds are weak, but the mood is optimistic. Buy low and sell high #BTC走势分析