Market collapse! Consumption downgrade! ! What should we do? In 2023, I noticed that many people began to change their consumption habits, a phenomenon commonly known as "consumption downgrade". Consumption has indeed decreased, and the stock prices of e-commerce platforms such as Pinduoduo have also risen rapidly. However, more people seem to have fallen into another trap, they are bound by cheap goods. E-commerce platforms are well aware of this psychology, and they promote cheap goods through various live broadcast rooms. In fact, many people don’t really know what they need. They are just manipulated by others and then let their emotions control their behavior. But I want to tell you that you don’t actually need so many cheap things. In 2024, I will explore a new lifestyle with a group of people, similar to minimalism or "breaking up". I will clean up those old, cheap clothes and only keep high-quality clothes that are seasonal necessities. I will get rid of those things that take up space but I don’t need them-as long as they are not needed for a period of time, I will throw them away without hesitation, and they will no longer occupy my life and psychological space. I will devote more energy to the things I like, so that I can become more focused and more progressive, instead of being bothered by trivial matters. Of course, I will also abandon those who bring me negative energy and no longer give them the opportunity to approach me. Focus and progress are the key to achieving good results. After all, I am no longer young and have no time to waste. The dopamine stimulation brought by cheap goods is direct. You may have a lot of coupons but can't use them up, a lot of goods but can't consume them, and many unnecessary food and credit card bills. But if you don't explore valuable things, it will be difficult for you to achieve anything. The same principle applies to the investment field. Whether in Web3 or the stock market, you need to have a pair of eyes to discover potential. You should understand that it is better to hold valuable investments than to be filled with cheap goods. If you can't do this in life, how can you gain anything in investment? Many people hype contracts and small currencies in Web3, but rarely see real big money. Those who really make big money usually hold mainstream currencies and hold them for many years. It is interesting that most people are still addicted to contracts and small currencies. But this is also good. If everyone wakes up, won’t the market lack fuel? Making money is not about frequent shots, but about seizing one or two opportunities to change your destiny. I hope this helps you. #AI板块强势进击 #美联储何时降息? #Megadrop #ETH #BTC走势分析 If you are troubled by the ups and downs of the market, you might as well join us through the picture below +\/👇👇👇
Hey, the cryptocurrency market seems to be a bit cold recently, but there is a cute meme coin that is resisting warmly - our little PEPE coin!
Although Bitcoin (BTC) has recently fallen by 5%, making many altcoins tremble, PEPE coin has performed very well in the past month, with a daily increase of nearly 6%! This good momentum has analysts like Crypto Tony thinking that PEPE coin may set a new all-time high!
A little lighthouse in the bear market Unlike other altcoins that collapsed in the market downturn, PEPE coin has performed very well. This resilience makes people think that it has the potential to attract new investors and boost everyone's confidence.
A fruitful month The past month has really been a good day for PEPE holders! The price has soared by 20% and is now at $0.058. The daily trading volume is also amazing, reaching $755 million, which is really cheering!
Recently, whales have also been buying PEPE coins crazily. According to data from Lookonchain, big investors are buying PEPE coins in large quantities, indicating that they are confident about the future of this meme coin.
This trend shows that people's views on meme coins as legitimate investment opportunities are changing, which may drive prices further up and attract more investors.
For example, Binance made a large-scale withdrawal through address 0xa145, totaling 350 billion tokens, worth just over $3 million. This move also suggests that there may be profitable volatility trading opportunities!
Ambush potential coins, altcoins, and 100x coins in advance, seize this bull market, let your wealth soar like a rocket, and become a winner in life! 👇Hurry up and contact me through the picture below +\/👇
Friends, come and check out this interesting news! Although Ethereum is still the big boss in the cryptocurrency world, there are several potential stocks that are rising rapidly! NEAR, AIOZ and XAI are considered to be strong competitors of Ethereum. These newcomers have shown good prospects in terms of market trends and conditions.
The rise of newcomers In the cryptocurrency world, "altcoins" are always compared with Ethereum first. However, some analysts believe that in addition to Ethereum, there are other emerging cryptocurrencies that are also very promising. Recently, a popular crypto strategist TheCryptoDog shared three projects that may challenge Ethereum on the social media platform X.
NEAR's outstanding performance The strategist believes that NEAR (NEAR) will become one of the best performing cryptocurrencies as market conditions improve. He said: "It's a good choice to hold NEAR for a few months now, lock it in and don't change it. As the AI trend develops, NEAR's advantages will become more and more obvious, and when the market improves, its performance will be even better." At present, the price of NEAR has risen by more than 5% to $7.16.
AIOZ Volatility and Opportunities Next, the analyst mentioned another promising first-layer altcoin, AIOZ (AIOZ). He said: “It has been volatile in the past few months, but it should perform better when the market rebounds. I plan to hold it for the long term and trade less frequently.” Now, AIOZ is up 3% in the past 24 hours and is trading at $0.7952. Trading volume has also surged 148% in the past 24 hours, exceeding $10 million!
XAI’s Gaming Potential Finally, the analyst looked at a gaming-focused crypto project XAI (XAI), which only appeared in early 2024. He believes: “XAI could rise 60% from its current level in the next few weeks. I think it could rise to around $1 in June.” Currently, the price of XAI is $0.61. Although it has recently fallen by 1.45%, it is still a project worth paying attention to!
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**BTC:** On the 4-hour chart, although Bitcoin rebounded a bit yesterday, it has not broken through the upper resistance. The resistance of the downtrend line and the 200-day moving average only started to fall after being touched. Bitcoin had previously fallen below the 60,000 mark, but failed to break the downward trend when it rebounded.
In the short term, Bitcoin may continue to fall, and it is very likely to fall below the 56,552 position, setting a short-term low. Some short-selling may be carried out during the decline. The expected decline range during the day is still 60,000-58,500. It depends on whether 58,500 can become a short-term support.
If not, it will quickly fall below the 56,552 position.
It is recommended to open a short position near 62,100 during the day, with the target of 60,000-58,500, which is also the recommended point yesterday, but now it is a decline after the rebound, and there will be pressure if it rebounds to 62,100. Grasp the entry opportunity yourself, control the risk of short-term operations, and bear the profit and loss at your own risk.
**ETH:** On the 4-hour line, Ethereum has just reached the recommended point yesterday. Yesterday's target recommendation was 2880, which was basically achieved, with a profit of nearly $100. Congratulations on Ethereum's profit.
Judging from the current trend of Ethereum, there is a great chance that it will fall below 2817. If the price of Bitcoin continues to fall, Ethereum may fall even deeper. If the 2817 position is broken, the next support level will be 2600.
I mentioned to you yesterday that if you still hold short orders, you can reduce your position, move the stop loss, or directly take profits and wait for opportunities. There is still room for decline during the day. The recommended point for the empty warehouse is around 2910, and the goal is to see if 2817 is broken. Seize the opportunity to enter the market yourself. Short-term operations must control risks, and profits and losses are at your own risk!
Ambush potential coins, altcoins, and 100-fold coins in advance, seize this bull market, let your wealth soar like a rocket, and become a winner in life! 👇Hurry up and contact me through the picture +\/👇 in the lower left corner
MAGA VP $MVP Trending on DexTools, $15M Market Cap in $SHIB Whale Buying
MAGA VP is part of the ecosystem from MAGA TRUMP, which has established a relationship with the future Vice President of the United States. The token serves as a new symbol of the PolitiFi narrative, representing the idea that every president needs a Vice President. It is an Ethereum-based meme reward token designed to support presidential candidate Donald Trump and his choice of Vice Presidential candidate in the 2024 election.
The market cap of the token has increased recently. As of May 13, the market cap reached $15 million, up 44.47% in 24 hours. MAGA VP is currently popular on DEXTools, a DeFi application that shows real-time market movements. This achievement may be attributed to the MVP's surge of 182% in the past 7 days, the transparency provided by the dApp, and the TRUMP rewards.
The MAGA VP token has distributed more than $120,000 in TRUMP rewards and has been expanded on Solana, BNB, and BASE chains. MAGA VP charges a 2% token tax on each transaction, of which 1% is used to provide TRUMP rewards to MVP holders. To keep the token price stable and avoid volatility, the system contributes 0.25% to the liquidity pool of TRUMP and MAGA VP.
Considering that the token is currently priced at $0.329, up 1010.04% from its all-time low in March 2024, analysts hold hopes for further growth in the token. MAGA VP even outperformed all memecoins, including DOGE, which is priced at $0.1445. Moreover, BONK, priced at $0.00002342, could not compete with the bullish trend of MAGA VP.
What is remarkable about MAGA VP is its loyalty to Donald Trump, regardless of its status as a meme token. After Trump announced his support for cryptocurrencies at his home in Florida, investor confidence soared, and the token price rose by 134.95% in a week. MAGA VP is now listed on 12 CEXs, including Bitmart, XT.com, and LBank.
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BTC down spike, maximum profit 85%, 8h bottom-fishing strategy In the past hour, the entire network has experienced a liquidation event worth up to 19.8 million US dollars, of which the long order liquidation amount reached 18.47 million US dollars. Although the current price of BTC is $62134.28, and the increase in the past 24 hours is 1.78%, this liquidation event still attracted the attention of the market.
It is particularly worth noting that in this liquidation event, it was mainly long orders that were liquidated, and the BTC liquidation amount was as high as 13.01 million US dollars, accounting for 65.70% of the total liquidation amount. This situation may cause the perpetual price of BTC to drop instantly, bringing certain volatility to the market. +\/: TCR6072 plus Monica up🚗
Despite such a liquidation event, we are still confident in the future trend of BTC. The current price may rise, so it is recommended that everyone pay close attention to their positions, do a good job of risk management, and seize opportunities in market changes!
Two PEPE whales have successfully earned more than $4 million in profits by trading PEPE, which is really jaw-dropping! 1. Let’s talk about the early holder 0x647 first. About 12 hours ago, they deposited 250 billion PEPE (worth $2.69 million) into Binance. Now this address still has 42.4 billion PEPE (worth $424,000), and the total profit of this transaction has reached $3.96 million, which is a surge of 8,833%!
2. Let’s take a look at the 0xa4f13 whale. They exchanged 123.7 billion PEPE for 1.31 million USDC a few hours ago, and realized a profit of $223,000 in just 3 days, an increase of 20.5%! This is the charm of the market!
It can be foreseen that the price of PEPE will continue to rise, and there may be more trading opportunities in the future. You can also make a lot of money easily like these whales! It’s a pity to miss it, take action and seize every opportunity to make money!
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Oops, the trading volume of Ethereum-based stablecoins has dropped again recently, even below the average level of the past 90 days. If people exchange money from stablecoins to fiat currencies, the market may become very bearish because it means that investors are withdrawing funds. However, if they use the money to buy Bitcoin and other volatile tokens, the market may become bullish! Whenever there is a large inflow of stablecoins, it usually means that the latter is more likely, because investors generally store money in these tokens pegged to fiat currencies, waiting for more volatile opportunities. Look at the chart below, which shows the overall exchange inflow trend of Ethereum-based stablecoins: The 7-day average of stablecoin exchange inflows has recently dropped sharply and has fallen below the 90-day average. There is still a lot of uncertainty in the future. Please analyze rationally!
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Wow! Something big has happened! RunPod announced that it has completed a $20 million seed round of financing! Intel Capital and Dell Technologies Capital, a subsidiary of Dell, jointly led the investment, and some big guys also invested. Their project is to use global distributed GPU cloud computing services to help train, deploy and scale AI models, so as to reduce the workload of developers!
These institutions and big guys don’t invest casually, they are well thought out! For example, the Bitcoin spot ETF market in the United States is emerging, and more than $50 billion in funds have poured in, most of which are concentrated in the United States. Just recently, some institutions also participated in this "sweep" action and invested in Bitcoin spot ETFs, sending everyone a signal to invest!
In just 4 months, the US Bitcoin spot ETF has held 827,321,000 BTC, worth about $52.1 billion, accounting for 89.5% of the global market! Among them, institutions such as Grayscale, BlackRock and Fidelity have shown super strong "money-making power". They hold a total of 719,000 BTC, worth up to $26.91 billion! However, Hong Kong's Bitcoin spot ETF is still in its infancy, with a market share of only about 0.7% of that in the United States.
If you look at the choices of investors, you will find that asset management institutions are the "main force" of subscriptions! For example, 3 Hong Kong institutions have invested in the US Bitcoin spot ETF. And these institutions' investment portfolios almost all have GBTC, IBIT and FBTC products. However, these investors' choices are not blind, they are all based on their own risk preferences and market conditions.
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RunPod Completes $20 Million Seed Round, Led by Intel Capital and Others
RunPod just announced that it has completed a $20 million seed round!
Intel Capital and Dell Technologies Capital, a subsidiary of Dell, jointly led the investment, and some big guys also followed suit.
Their project is to use globally distributed GPU cloud computing services to help train, deploy and scale AI models, so that the workload of developers can be reduced! Oh, and, according to the official website, they accept cryptocurrency payments, but it is strongly recommended that you set up a crypto.com account first and do any KYC checks that may be required in advance~
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It's relevant to everyone! Let me share a different situation with you! In my country's history, only five special government bonds have been issued: The first was in 1998, with an issuance of 270 billion yuan to supplement the capital of state-owned banks. Old financial people know this. The second was in 2007, with an issuance of 1.55 trillion yuan, enough to purchase $200 billion in foreign exchange as the capital of the National Foreign Exchange Investment Corporation. The third was in 2017, with an issuance of 696.4 billion yuan, as a rolling issuance of the 2007 special government bonds, borrowing new to repay old. The fourth was in June 20, when two special government bonds were issued. The fifth was in December 22, with an issuance of 750 billion yuan, also a sequel to 2007, borrowing new to repay old. This year is the sixth time, with an issuance of 1 trillion yuan first, and it will be issued continuously in the next few years. Do you know what issuing government bonds means in the macro sense? Now it is to let the house fall and keep releasing good news to paralyze you. Let you insist on holding. Taking advantage of the low interest rate, local debt replacement, lock in long-term low interest rates. When the debt is paid off, public goods + upstream resources will increase in price, drive inflation, raise interest rates, and link mortgages to LPR, and continue to contribute. Those who bought long-term products will make up for the losses to institutions. Debt paid off + profit, the balance sheet is perfect.
Maybe the cryptocurrency world is the only chance for ordinary people like us in the current environment for 5-10 years!
The cryptocurrency world has always had infinite possibilities, don't get lost, don't be too gambling, do more detailed research, don't collect money, reveal the bull market strategy deployment, make money together, and only share it with my fans for free and sincerely! Hurry up and contact me through the picture below +\/👇!
The legendary stock god returns, and the meme stock GME has set off an investment boom again! In early 2021, a huge event in the financial market, the GME incident, sparked heated discussions among investors around the world. This battle was jointly launched by retail investors, the Reddit community, and some large hedge funds. Hedge funds, especially Melvin Capital, shorted GameStop (GME) stocks on a large scale, believing that it would decline due to the trend of digitalization.
However, the collective action of retail investors counterattacked the hedge funds, causing GameStop's stock price to soar to $483 in a short period of time, causing the hedge funds to suffer huge losses.
The GME incident not only swept the stock market, but also pushed up the stock prices of other "Meme stocks" (such as AMC, BlackBerry, Nokia, etc.). The influence of social media in financial decision-making has been strengthened, and retail investors have changed people's views and participation in the stock market through collective action.
At the same time, Musk's tweet of Doge Meme on Twitter further promoted the crypto meme bull market.
The core of the GME incident is the outburst of meme culture. Investors use various memes to communicate strategies and create a common cultural identity against traditional financial institutions on Wall Street.
In January 2021, shortly after the GME incident, Musk began to tweet Doge Meme on Twitter, and the market value of DOGE reached 90 billion US dollars. Today, GME has risen by more than 100% again. Pepe is strong first, and Sol's GME eponymous token has a market value of 6 billion US dollars.
Crypto players are advised not to follow the trend blindly, but to calmly analyze the market in order to become the final winner. Let us concentrate together and meet the challenges of the investment world! If you want to know more about the relevant knowledge of the currency circle, the exclusive bull market strategy deployment, only to share it sincerely and free of charge with my fans, please contact me quickly through the picture in the lower left corner +\/👇👇
I had a hunch that the market would rise yesterday afternoon, and I sent out a series of reserve push notifications in the middle of the night yesterday to warn of the risks. At a time when many people are shouting to go long and recommending altcoins, it can be said that this analysis is absolutely superior to all the KOLs in the coin circle. However, don’t panic if the market falls here. The overall structure still does not have the price range I mentioned, and it has escaped from the Five Fingers Mountain. The increased strength at the end of the shock indicates that the market is about to change. The several buying points I shared in the video analysis yesterday are still valid, except for ETH. I said in the video analysis on the 10th that it is not worth it for us to operate at this stage. As for other altcoins, see my previous post. Friends who follow me must also know what I often say: "Don't touch BTC before the mid-line structure turns long! Share the latest consultation, have your own investment research team, do not charge rice, reveal the bull market strategy deployment, and only share it sincerely and free of charge to my fans! Contact me quickly through the picture +\/👇 in the lower right corner below!
Be sure to pay attention to AI, Meme, Solana and Base in May
The crypto market has attracted much attention in May, including AI, Meme, Solana and Base. In addition, Jupiter's second phase project Sanctum is worth paying attention to, and there are many other projects on Solana, such as Depin and the cross-chain bridge with BTC. From the perspective of market attention, there are two things that can attract market attention. One has already happened: Friend Tech issued coins; the other is on the way: Coinbase Smart Wallet is officially launched. On Basechain, I am most optimistic about projects such as $DEGEN. Basechain is expected to become the leader of SocialFi. For ETH, I still hold it, and projects such as $PENDLE and $LDO are also attracting my attention. In addition, the reduction of $ETC is also worth paying attention to. BlackRock's layout of cryptocurrencies has also attracted much attention. It mainly lays out in ETFs and RWA. BlackRock's dynamics are also worth paying close attention to, and following its layout is also an investment option. In general, the hype expectations of the Summer Olympics and the European Cup are triggered by large-scale external events, just like the AI narrative. Finally, the gaming sector is also worth paying attention to, especially some games with a sufficient number of players. Share the latest advice, have your own investment research team, do not charge for money, reveal the bull market strategy deployment, only share it sincerely and for free to my fans! Please contact me quickly through the picture +\/👇 in the lower left corner!
Good luck? ? 1155 Bitcoins were recovered by tracking on the chain!
In the dark jungle of encryption, hackers are waiting for the right time, and among the many victims of phishing, the big user who lost 1155 Bitcoins finally became the lucky one.
This "phishing case" has attracted widespread attention from the community. Let's start from May 3. A large user was phished by hackers and lost 1155 WBTC worth about 70 million US dollars. Next, the hacker exchanged all WBTC for 22,955 ETH and transferred it to dozens of accounts. On May 4, the victim began to appeal to the hacker on the chain, asking the other party to keep 10% and return the remaining 90%. In addition, the ETH addresses of both parties have also become the focus of concentrated discussion, and many addresses have participated in the action of recovering funds. It was not until May 9 that the hacker replied to the victim and left a telegram message, saying that he would contact him actively.
On May 9, the hacker began to return ETH to the victim, and finally returned all of it. Did the hacker take this action because of pressure or out of conscience? According to the communication information on the chain, we can get some clues. Bounty hunters are a deterrent to hackers. Since May 4, the victim has repeatedly called on the hacker. In addition to expressing his willingness to give 10%, he also advised the hacker: "We all know that 7 million will definitely make your life better, but 70 million will not make you sleep well." However, after many calls, there has been no response from the hacker. Until May 7, an address sent a message to the victim, claiming to be one of the programmers of ChangeNow and could leak all the hacker's data. This message seemed to touch the hacker's nerves and began to refund the victim.
On the other hand, the hacker did not stop. According to SlowMist analysis, after this incident, the hacker continued to phish about 25,000 small transactions using the same method. For ordinary users, this incident reminds us that we must carefully confirm our address before transferring money. Cover your wallet well. If you have to withdraw money, it is best to go to Binance or a reliable coin dealer! Share the latest information, have my own investment research team, do not charge any money, reveal the bull market strategy deployment, and only share it sincerely and free of charge to my fans!Please contact me quickly through the +\/👇 in the lower left corner of the picture!
$SHIB recently had an incredible breakout on May 24th at $0.0000021621, surging 21%. At 10x leverage, this equates to an effective 210% rally! Following this surge, $SHIB retested the breakout point, falling back 21%, effectively confirming strength at this level.
🎯 **Entry Strategy:** We are setting up a sweet spot to re-enter the market at $0.000023600. This entry is calculated using our secret RSI sniper entry combined with volatility and main pattern for the most precise and strategic entry.
🎉 **Take Profit Target:** - TP1: $0.0000025667 - TP2: $0.0000026894 📊 **Profit calculation using leverage:** - The gain from our entry into TP1 is about 10.32%, which means an astonishing 103.2% leverage when using 10x! - Even more exciting, a potential return of 13.84% is expected from our journey into TP2, which is equivalent to 138.4% of our leveraged strategy!
🔥 **Be Prepared:** This position not only offers a substantial leverage return, but also the opportunity to participate in well-calculated actions. Let's get ready for another exciting trade and potentially lucrative profits!
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Let's take a look at the Bitcoin (BTC) market strategy at noon on May 13. From the chart, BTC's daily line has fluctuated over the weekend for two days. Although two red K-lines appeared, the daily level is still suppressed by the MA30 daily moving average, and the overall market shows a downward adjustment trend. The key lies in the MA120 daily moving average (58600) below, which will become the key support point for the market retracement. From the trend point of view, the possibility of the price falling back to the daily MA120 daily moving average increases, and the 12-hour MA256 daily moving average (57600) needs to be paid attention to as support. In the short term, the 4-hour level currency price runs below the moving averages, and the 60500 line forms a short-term support, while the 62000 line becomes the high point pressure of the rebound. The 1-hour level rebound high point is supported by the MA120 daily moving average (61600). The focus of the day will be on the breakthrough of the 61500-62000 pressure price band. The operation suggestion for the afternoon is: first, open a Kong order directly at the 61500 line, and set the target at 60500. If it breaks, continue to hold and look down to 58600. In addition, it is not recommended to open a duo order for the time being. If it quickly falls below 58600, you can consider opening a duo order. For reference only! If you want to know more about the relevant knowledge of the currency circle, the exclusive bull market strategy deployment, only share it with my fans free of charge and sincerely, please contact me through the picture +\/👇👇 in the lower left corner!
Delete after reading! 🤷🤷The most complete and latest analysis! 👀👀 Bitcoin has been trying to break through the key resistance level of $64,000, but has not yet succeeded. Currently, the price of BTC is $60,990, with a market value of $1.2 trillion. Analysts point out that there may be two scenarios for the price of Bitcoin, depending on whether it can break through the key support level of $64,290. If successful, the price may rise to $76,610; if it fails to break through, it may return to the support level of $51,970. This shows the importance of $64,290 for the short-term trend of Bitcoin, and the market may fluctuate.
Another analyst, Michael van de Poppe, holds a similar view, believing that the fate of Bitcoin is related to a specific price point. If the price fails to stay above $60,000, it may fall to $52,000 to $55,000. But if it breaks through $63,000, it is expected to rise to $70,000 to $72,000.
On the other hand, Bitcoin's on-chain activity has declined, and trading volume is close to historical lows. This reflects investors' increased fear and uncertainty about the future after Bitcoin hit an all-time high. However, this does not mean that prices are about to fall. Long-term investors are still firmly holding Bitcoin, showing confidence in its future.
In summary, Bitcoin prices are at a critical point and the market may fluctuate. Investors need to pay close attention to the situation of key resistance and support levels, while paying attention to on-chain activities and long-term investor behavior to gain insights into market sentiment and confidence. Whether Bitcoin can overcome these challenges will determine its short-term price trend. Want to know more? Follow moka, the exclusive bull market strategy deployment revealed, only shared with my fans free of charge and sincerely, please contact me quickly through the picture +\/👇👇 in the lower right corner
Bitcoin faces continued market difficulties and opportunities
Bitcoin failed to maintain its rebound momentum last week, suggesting that the active bear market is still ongoing. Nevertheless, analysts remain optimistic about Bitcoin's price trend after the halving cycle. Timothy Peterson, founder and investment manager of Cane Island Alternative Advisors, said that in the next 9 months, the price of Bitcoin may rise to between $175,000 and $350,000. Although the bulls successfully defended the $59,600 level of Bitcoin, they failed to push the price above the 20-day exponential moving average of $62,650. This shows a fierce struggle between the bulls and bears.
Judging from the daily EMA 20 level and the negative zone of the relative strength index (RSI), sellers currently have a certain advantage. If the price breaks the $59,600 support level, the BTC/USDT pair may retest the intraday low of $56,552 on May 1. However, this support level is expected to attract buyers but if the bears gain the upper hand, the pair might drop to the 61.8% Fibonacci retracement level of $54,298.
The bulls need to keep the price above the 20-day EMA to avoid further declines. If they can do that, the pair might rise to $67,250 and the buyers will need to overcome this hurdle to start a rally to $73,777. On the 4-hour chart, the 20-day EMA is flattening out while the RSI level is close to the midpoint, suggesting some easing of selling pressure. The most noteworthy support level is $59,600, a break of which might increase selling and drop the pair to $56,552. #BTC走势分析 #新币挖矿 #Meme币你看好哪一个? #etc减产 On the contrary, if the price rises above the 50 simple moving average, it will suggest that the bulls are trying to regain control of the situation. The pair could rise to $63,500 and then $65,500. A break above this resistance could indicate that bears are losing control, especially if positive developments in the ETF space or the SEC could trigger a rise in Bitcoin prices.
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The cryptocurrency market remains directionless and dull.
Major developments are expected this week that could impact investments.
Investors should be prepared for potential market volatility.
What investors should watch for This month’s data showed some easing on the employment front and slower wage growth. However, Fed members highlighted the risk of further tightening due to poor first quarter inflation data. Important developments in the coming days are as follows. Monday, May 13 12:00 EU economic forecasts 16:00 Fed/Jefferson 16:00 Fed/Masters
Tuesday, May 14 15:30 US core PPI (expected: 2.3%, previous: 2.4%) 16:10 Fed/Chef 17:00 Fed/Powell to speak Google Developer Conference DYDX ($4.3 million) unlocked Alibaba earnings
Wednesday, May 15 15:30 US core CPI (expected: 3.6%, previous: 3.8%) 15:30 US core retail sales (expected: 0.2%, previous: 1.1%) 19:00 Fed/Kashkari 22:20 Fed/Bowman SEC 13F filing (will answer who has more than $100 million in assets to buy BTC ETFs) STRK ($78 million) NETWORK ($680 million) =Million) AEVO ($1.04 billion) BCH network upgrade
Thursday, May 16 15:30 US initial jobless claims (previous period: 231K) 17:00 Fed/Barr 17:30 Fed/Harker 18:30 Fed/Masters 22:50 Fed/Bostic ARB ($93.02 million) Walmart earnings report Not a coin list
Friday, May 17 12:00 EU CPI (expected: 2.4%) 17:15 Fed/Waller APE ($19 million) IMX ($57 million) RNDR ($8.2 million)
Saturday, May 18 Manta ($11 million) Rose ($14.6 million)
Sunday, May 19 Pixel ($20.4 million) Baby Doge NFT Market Note: NVIDIA earnings will be released on May The final decision date for the VanEck ETH ETF is May 23, and the decision may be announced earlier. The final date for Ark&21Shares is May 24. AVAX will unlock $321 million worth of assets on May 22. Finally, ASI will launch on May 24, causing volatility in FET, AGIX, and OCEAN this week.
What investors should watch out for
In addition to the details in the first section, the NVIDIA earnings report released on May 22 may see positive differentiation in AI-focused altcoins next week. RNDR has been rising significantly for some time. Investors who hope that NVIDIA's earnings will be better than expected believe that this will support AI-focused tokens. Therefore, identifying the right selling point on the days of purchase expectations can be profitable.
US Inflation All cryptocurrencies will see high volatility this week with the arrival of April inflation data. On the other hand, unlocking is also likely to cause volatility in altcoins.
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