2024.5.16 Hot Events in the Cryptocurrency Circle Analysis
1: After the release of CPI data, the trend of Bitcoin was directly reversed, and the bulls went straight up without any callback. A big positive line on the daily line directly laid the foundation for the bull trend of Bitcoin. 56500
is the lowest point of this round of rebound. It is hard to buy a bull back with a lot of money. Cherish the golden pit in May
2: If BTC breaks through and stabilizes, all altcoins will basically make up for the rise. The weekly adjustment of altcoins will end, and the unilateral trend will start again. The monthly positive line will follow. Remember to buy strong and not weak. Only by following the big dealer can you make a big profit
3: In this round of altcoins, the biggest conclusion we have drawn is that the more retail investors there are, the easier it is to be cut: such as $ARB $STRK, etc. The less unlocked projects are prone to overturning, such as the new coins recently launched: $SAGA $ETHFi On the contrary, the projects that are almost fully unlocked are easier to pull up, for example: $PEPE $LPT
