👀Opinions on the market on May 28:
After BTC hit 70,500 in the early morning, it fell to 67,500 in the short-term in early trading today. The negative focus of today's discussion is undoubtedly "the large transfer out of Mentougou." Regarding the issue of Mentougou, it comes out every year to scare everyone, so there is no need to panic too much. mtgox, once the largest exchange, has collapsed. There are still a bunch of BTC, BCH, etc. in the wallet. It needs to compensate users (professionally called creditors). Because the legal process in Japan has been delayed, it has been delayed until October this year. over. Therefore, it is expected that today’s large transfer out will be a preparation for the next step of transferring BTC directly to creditors. Those who choose BTC for compensation are all OGs. The largest creditors include btc-e, Coinlab, and some ancient funds that have been shut down by the FBI. Some of them who are in urgent need of money have already sold their claims to some hedge funds in advance to cash out. The rest are not so urgent. It is roughly estimated that 20% of the outflow, which is 30,000 BTC, will be enough for the ETF to digest in a few days.
Driven by ETF sentiment, Eth still remains strong, and most of the copycats are still fluctuating at low levels. NOT rose significantly today, and gaming tokens HIGH, DAR, and ENJ were also driven. NOT is the game currency in the TON ecosystem, and the market maker is DWF.
Meme series FLOKI, MOG, WOJAK, TURBO and PENG have all increased significantly. The popularity of ETH Meme is spreading. Among them, the toad coin TURBO has increased 20 times in two weeks, and market risks are accumulating.
RWA track: Stability tokens TRU and SPELL have surged. The market is hyping up shadow tickets related to MetaDrop’s new issuance of LISTA.
The European Cup and the America's Cup are approaching. CHZ, the leading public chain in the fan currency sector, performed strongly today. In the early stage, it also arranged for partners in the whale zone, including the three Musketeers porto, lazio, and santos! Just wait patiently for the sector to burst out!
From a technical point of view: the market is negative on daily k, and you need to pay attention to the daily k-level support of around 6.6w where the BOLL mid-track and EMA (30) intersect below. From the 4h level, the small-level trend is weak, and MACD is in the short incremental stage. Support is located at 66000~65400! Although the overall momentum of eth is stronger than the pie, it is still fluctuating at a high level, floating below the high resistance of 3930~3970. Below, focus on the intersection of MA30 and boll mid-rail support near 3820!
Day support for the pie: 66000, 65400 Pressure: 69160
Yitai intraday support: 3770 pressure: 3950
Recent coin news worth watching:
UNI - Uniswap Foundation announced that version v4 will be released in the second half of the year.
FLOKI - Floki recently announced that it will launch a trading robot!
GAL - Galxe will release a rebrand tomorrow.
JUP - Jupiter announced that they will launch the LFG website tomorrow.
SOL - Solana validators approved a proposal to allocate 100% of priority fees to themselves, ending the 50/50 destruction/reward split.
Hot news of the day:
👉 Fed Kashkari: No one will rule out rate hikes
👉 ENS Labs plans to migrate Ethereum domain name services to L2, ENS Labs and Intercap reach cooperation to integrate .box domain names
👉 ECB Governing Council: Will support the ECB's interest rate cut next week
👉 Mt. Gox: Transferring BTC is in preparation for the October 31 creditor repayment deadline
👉 Strk is expected to launch application recursion in the next few months
On the road to trading, one person walks fast, a group of people walks far, choose and stay close to high-quality circles, and some positive energy partners, it is important to grow upward!
