Good morning ☀ Iron powder check-in 👍 Like and make a fortune 🍗🍗🌹🌹
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This bull market is obviously different from the bull market in 2021! The previous bull market had many new concepts, such as DeFi, NFT, GameFi, Grayscale. Bull markets often have remarkably similar cycles, but the capital flow, sector hotspots, and skyrocketing currencies are different each time. This is because the market makers always speculate on expectations and hotspots. In this bull market, there are over a thousand coins on mainstream exchanges. If you blindly buy coins and chase the trend, you will definitely lose your underwear. This time, the market makers clearly want to attract new retail investors through meme concepts, and then institutionalize their investment in Bitcoin and Ether, as well as mainstream coins, old coins, high market capitalization coins, and coins with low hotspots that are currently forming a trending structure.
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Currently, the most significant feature of MEME tokens is speed! Quick price surges, quick transfer of emotions! The wheel spins fast, rising and falling quickly! Liquidity restrictions, quick issuance, quick pumping and dumping! For newcomers in the coin circle, they like to embrace the most direct and fast emotional value (making big profits or big losses). They think that value tokens are too slow, and if they don't get some emotional value from holding for a day, they want to break up. Combined with the rise of short videos and internet-driven sales in society, the younger generation is more inclined to fast-paced, straightforward supply. Quick buying and selling, spreading calls, have become mainstream. This is reflected in the investment logic of the coin circle market, especially for fast-paced issuance and dramatic pumping and dumping of meme tokens. In the bearish and bullish coin circle, the vigorous vitality of meme tokens is significantly higher than that of value tokens. It's even found that some value tokens are not as good as meme tokens. As one grows, the other declines, and memes gradually become a sector.
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In June, Ethereum is likely to break through the previous high and reach near the historical high. After breaking through the previous high, Ethereum ETF will land and experience a pullback, and then continue to speculate. You can refer to the trend of Bitcoin ETF, which means that if Ethereum ETF is approved, a large number of institutions will help everyone to take over. Recently, many whales have withdrawn their Ethereum from exchanges and have no intention of selling in the short term. They are waiting for Ethereum to reach a higher position before choosing to sell! So there is nothing to worry about at the moment, what you need to do is silently lay out! The Ethereum series actually doesn't need much explanation anymore. Don't wait for it to rise before chasing the trend, but lay out in advance! When it rises, it's time to gradually take profits!
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After the weekend correction, the Bitcoin market continues to maintain a range-bound volatility. After testing the 67300 support level in the early morning and rebounding, it has been running in a slow upward trend in the morning. On the daily chart, the price has been oscillating after being pressured back from the 72000 resistance level during the rebound. Short-term long and short positions have both made profits recently, although the space is not large. On the 4-hour chart, after several days of oscillation, the price broke through the middle track in the early morning but failed to rebound and fell back. Subsequently, it formed a series of long lower shadow bearish candles, with obvious resistance above. Short-term bearishness prevails and there is still some room for short-term rebound, but it won't be significant. In the morning, pay attention to the resistance at the 68500 level. If it cannot be broken, treat it with a bearish mindset. If the market breaks through, follow the trend!
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