The reasons for yesterday's sharp decline: 1. The U.S. government shutdown, causing panic due to the absence of economic data 2. U.S. stocks reached a high point, leading to profit-taking and a sell-off 3. The U.S. imposed a 100% tariff on China, causing panic 4. Various issues in the cryptocurrency space compounded: USDE circular leverage, Binance system faults
Citibank predicts that core inflation in September is expected to cool down, which is favorable for interest rate cuts; CICC's research report states that the Federal Reserve will continuously cut rates 3-4 times in Q4, slowing the rate of cuts by the first half of 2026.
Currently, we need to wait for two events to unfold gradually before the market starts to recover (1) The U.S. government resumes operations and begins to release economic data (CPI data will be released on the 24th) (2) The U.S. and China come to an agreement and establish a framework for the deal The first item is estimated to be by the end of October The second item is estimated to be in November
The more panic there is among others, the calmer we need to remain. Every panic, whether it's 312 or 519, in hindsight, is an opportunity.
BTC Currently, the short-term outlook is primarily consolidation. The current environment and market cannot fully confirm the end of the decline, but the short-term position of 108300, as long as it does not break, will have a small rebound. After the rebound, it will undergo a secondary bottoming process on a four-hour level. So, in summary, during this period, it's better to use a small position to test the waters, and after testing, patiently wait for the exit segment. Support at 108300-103000, resistance at 113400-115300.
ETH Ethereum is the same. Currently, it is fluctuating around 3721 to 3877. Pay attention to whether it can stabilize at 3877. If it stabilizes, it will challenge the range of 3900 to 4000. If it cannot stabilize, it will continue to fluctuate. At the same time, this position needs to pay attention to the exit segment after the four-hour level rebound ends, with support at 3750-3720-3610, and resistance at 3877-3900-4000.
SOL For Solana, focus on the position between 176 to 190. I think 176 is a good position to buy the first batch.
Recently, the secondary market sectors have started to rotate. In this wave of market movements, few people are talking about the exchange's MEME coins. Speaking of secrets, we can pay attention to $PNUT .
This coin was once very popular, and now it is very sluggish. However, back then, Pepe was in a similar situation, and it eventually rose over 30 times from the bottom. We can use it as a comparison: PEPE was washed for over 290 days before a violent surge. PNUT has also been washed for over 280 days now, and its current pattern is very similar to Pepe's at that time. It is now also in a state of accumulating at a low level. However, under the current circumstances, it is unrealistic to use last year's narrative for speculation. It depends on whether the main players can push it up with other favorable news because the upper limit of Punt is no less than the popularity of Pepe back then. Therefore, we should focus on whether the operators have accumulated enough concentrated chips. As long as enough chips are accumulated, it is very hopeful to rise to $1.
If Sol follows up with a rebound, it will also drive its ecological tokens to stretch upwards.
In summary, this position can be used to enter a first position to exchange time for space. What if it rises by a dollar? That would be five times.
October-November 2025: If the overall crypto market enters a crazy bull phase
SOL will reach $560
11:10 AM - Technical analysis shows SOL forming a bullish cup and handle pattern, target price $302-$435-$560
4:32 PM - Heaven platform LIGHT token market cap surpasses $135 million, surging 62.29% in 24 hours
4:33 PM - Helius launches innovative features, allowing users to earn SOL rewards through trading
4:51 PM - Rumors of MoonPay collaborating with BAGS platform, potentially launching new features
These messages indicate that the Solana ecosystem is developing rapidly, particularly in the innovations of infrastructure and DeFi protocols, providing strong fundamental support for SOL's price. SOL indeed has strong potential for a rebound
BTC This week BTC experienced high-level fluctuations and then a pullback, with whales making over 100,000 times their investment, profiting $9 billion. They crazily offloaded their holdings, which were picked up by over-the-counter trades, and BTC only fell by less than 3%. The situation has changed; in the past, such a scenario would have resulted in at least a 30% crash. So who picked up this $9 billion worth of BTC? It cannot be ruled out that it was state finances getting involved, such as from Russia, Iran, or the Chinese government, or it could be large 'old money' investors. Over-the-counter purchases would typically involve discounts, for example, around 10%. These new large capital entrants have an average BTC cost around $105,000, and market bottom support is strong! The overall direction for Bitcoin has not changed; it remains upward. However, the current daily level indeed needs time for oscillation and repair, with the oscillation range still around $116,500 to $120,000. I still maintain my viewpoint on this position, and the oscillation period will be extended. After the oscillation, if it does not break down, there will be an upward spike. During the day, attention should be paid to the resistance above at $119,100 to $120,000. If it stabilizes above $120,000, it will move around $122,000. Currently, the total market capitalization of Bitcoin is gradually decreasing, so we need to pay attention to whether altcoins will take over this position.
ETH At the current position of Ethereum, as long as it does not effectively stabilize above $3,822, we need to watch for short-term oscillation risks. Because at the daily level, if it does not break through $3,822 with consecutive bullish candles, its short-term structure is difficult to change. Currently, the four-hour and one-hour levels have formed a symmetrical V-shape. Therefore, in summary, this position will still mainly oscillate. Without a good entry point at the moment, more time will be spent waiting. The resistance above is $3,822, and the support below is $3,688 to $3,635 to $3,540.
(1) Will Israel's attack on Hamas trigger a large-scale conflict?
The current negotiations have broken down, and there is still very strong public opinion in Israel to continue the war. If it is a small-scale conflict, it is fine, but if it is involved in the conflict between Egypt and Iran, it will cause BTC to plummet. The probability of a large-scale conflict is 30%.
(2) The US PCE data for April will be released on Friday night. It will be released at 8:30 pm on Friday. If it is higher than expected, it will be bearish. If it is lower than expected.
(3) The US Treasury will repurchase US bonds for the first time in more than 20 years. Starting from Wednesday this week, the US Treasury will launch a series of US bond repurchases, which will indirectly benefit the cryptocurrency circle. The Treasury will repurchase a large number of treasury bonds, reduce the supply of treasury bonds in the market, thereby pushing up treasury bond prices and lowering yields, which is good for risky assets in the cryptocurrency circle.
5.27 Market Analysis A new week has begun, and it is the end of the month again. The trend of this week will affect the closing of the monthly line. Last week, after the stimulus of the news, it has been fluctuating widely at a high level. This week, we need to pay attention to whether the weekly level of the market can have a medium-sized positive line to break through 71,600 to repair the attached chart indicator and drive a better trend. In the next two days, it is likely to maintain a wide range of fluctuations between 66,300 and 71,600. If it falls below 66,300, we need to pay attention to the support of the range of 63,000 to 64,000. However, in the face of such support and resistance, we can just buy low and sell high. ETH was still relatively strong last week. After the stretch, it also consolidated at a high level and oscillated widely. The short-term upper resistance of 3930 and the lower support of 3660 fluctuated in a range. We will focus on the four-hour trend during the day. If it does not break, it will most likely go high again, and then consolidate. If it goes according to my expectations, it will still be an opportunity after consolidation. Pay attention to the upper resistance of 3930~4065 and the lower support of 3660~3794-3730 during the day.
News: Last week, in order to win votes, Trump said that he would support the self-custody rights of 50 million cryptocurrency holders across the United States, and would make congressmen who oppose cryptocurrency go away. So no matter whether Trump can be elected in the end, the influence and voice of cryptocurrency in the world's political and economic fields are gradually increasing, which is definitely good for the crypto market!
Next week, focus on Friday night at 8:30 The US April core PCE is released, which is bearish if it is higher than expected If it is lower than expected, it is positive
Sports fan section Euro Cup: June 14-July 14 America's Cup: June 20-July 14 Paris Olympics: July 26-August 11
Ai section ChatGPT-5 will be released in June and July this summer Apple Developer Conference (June 10) may announce the latest AI progress
layer2 If Ethereum's spot ETF is listed, it will be good for the Ethereum series
If it extends further, it is to pay attention to the rwa section and the chain game section
Focus tonight (2-4 am): ETH ETF approval is finalized Current sentiment: high probability of approval If the approval is approved as expected In the short term, there will be a wave of pull-ups and then a fall Focus on the pull-up point is 3950-4050 #以太坊ETF批准预期
5.22 Market Analysis Technical side: This morning, we analyzed the weekly level. The weekly level focuses on the closing of the past two weeks. Can it stand on 73100 with a medium-sized positive line? If it cannot stand on it, there will still be risks. The intraday will be mainly oscillating. The short-term support below is 69500, the defense below is 67200, and the upper resistance is 71500 Eth is moving too fast in this wave, but it may not be a good thing. There will be a small one-hour retracement during the day, retracement to the support below 3700, and the defense below 3450, and the short-term upper resistance is 3830. If it continues to maintain this position and oscillate without breaking down, there is still a chance to go higher.
News side: In this wave of market extension, we will find that the cottage has not followed the rise, so the risk at this position begins to increase. Be prepared for both hands, control the position, and take the moving stop profit and stop loss! ! !
The key point of the recent market is whether the ETH ETF can be passed tomorrow. At present, the basis for passing is that the SEC notified the exchange to accelerate the update of the 19B-4 document on the spot Ethereum ETF. If it passes, ETH will continue to rise. Another situation will be as positive as the passage of Bitcoin's ETF. If it is exhausted, it will be negative and start to pull back! If it does not pass, it may be a door! In the early morning, the Federal Reserve officials said that they would wait until the data continued to weaken for 3 to 5 months before considering a rate cut at the end of 24 years, so the gap still needs time! #心诚 #以太坊ETF批准预期
5.21 Market Analysis Technical side: Yesterday morning, I kept reminding everyone that a pullback is an opportunity to get on board. At the same time, I reminded everyone that if 67200 can stand firm, it will go above 70,000. After getting up this morning, you will find that it is indeed as we expected. At present, the market has come to the previous pressure zone, so focus on whether this position 73200 can effectively stand firm, and only if the medium-yang line breaks through can it start an acceleration at the weekly level. During the day, it will fluctuate or fluctuate a small pullback. Focus on whether this level can be supported in the morning of July. The lower defense is 67200, and the upper resistance is 73100! ETH experienced the stimulation of the news last night, which caused a wave of market pull-ups. The market expectations have been formed. Next, focus on whether it can continue. The upper short-term resistance is 3728, the lower support is 3600, and the lower defense is 3450. The market needs to be repaired during the day
News side: Fed officials said they did not see any reason to raise interest rates.
Dr. Peng raised the approval probability of Ethereum ETF from 25% to 75%. Previously, the market generally believed that Ethereum ETF would not be approved, which means that the SEC has a chance to approve Ethereum ETF, it's just a matter of time! There are two stages in the approval of Ethereum ETF: One is the approval of 19B-4, and the other is the approval of S-1. 19B-4 looks like it will be approved, maybe this month. The approval of S-1 may take a few weeks to a few months, but in any case, there is this expectation!
From a big cycle point of view, the global interest rate cut cycle is already underway, and more than a dozen major central banks have cut interest rates. From now until the end of June, the European Central Bank, the Swiss National Bank, the Bank of Canada, and the National Bank of Poland will cut interest rates. The Federal Reserve may start the first interest rate cut in September. Although the interest rate has been cut, the global base interest rate is still high. After several interest rate cuts by the European Central Bank, it may still be 3%. After the Federal Reserve cuts interest rates this year, it is estimated that there will still be 4.8%. The era of low interest rates is gone, and the golden age of high-risk assets has ended! So in the crypto market, we must also lower our expectations and go with the flow! #大盘走势 #以太坊ETF批准预期
5.20 Market Analysis Technical aspect: From the weekly chart, BTC closed with a beautiful positive line, so this position is easy to start an acceleration, but we should focus on the intraday retracement in the past two days. The support below the retracement is 65,000 and 64,000. If these two positions are not broken, you can still get on the train. The defense position below is 63,000, and the resistance above is 67,200. If it can be effectively broken, there is a chance to touch 70,000, so we should focus on whether the daily level can start a benign rise at this position, and the subsequent continuity. Eth Ethereum's trend is relatively weak. If it wants to start an upward trend after breaking through this position, focus on the support below 3042, and prevent the hand position of 3000 from falling below. The short-term upper resistance is 3140, but there will be a small correction during the day
The current market is getting closer and closer to traditional finance, so it will become more and more stable and professional in the future. Therefore, the focus is on layout and reducing frequent operations
News: Sector: AI sector (Nvidia's first quarter financial report on 22, the release of gpt5, and the Apple conference on June 10 Nvidia's stock will have shareholder repurchases, causing the stock to rise, providing graphics cards and chips to miners), sports sector, Ethereum sector, sol sector
Large amount unlocking: Pyth unlocks about 1 billion US dollars, etc. (don't touch it first)
No important data will be released this week, and more Fed officials will speak. The focus is on Powell's speech at 3:30 am tomorrow.
5.23 sec will review the application of Ethereum ETFs such as ARK!
From a macro-cyclical perspective, the global interest rate cut cycle is already underway, with more than a dozen major central banks cutting interest rates. From now until the end of June, the European Central Bank, the Swiss National Bank, the Bank of Canada, and the National Bank of Poland will cut interest rates. The Federal Reserve may start its first interest rate cut in September. Although interest rates have been cut, the global base interest rate is still high. After several interest rate cuts by the European Central Bank, it may still be 3%. After the Federal Reserve cuts interest rates this year, it is estimated that there will still be 4.8%. The era of low interest rates is gone, and the golden age of high-risk assets has ended! So in the crypto market, we must also lower our expectations and go with the flow! #BTC走势分析 #心诚
This time, the CPI data was in line with expectations and caused the market to rebound, but we will find that large traditional financial institutions have successively disclosed their Bitcoin holdings, which is a recognition of mainstream capital. Some ETF institutions such as BlackRock represent the United States and even the world's mainstream capital, and this is just the beginning!
Here are 6 cryptocurrencies that are called "100x altcoins": 1.WIF dogwifhat (WIF) - MEME coin on the Solana chain. 2.SOL Solana - Founded by Qualcomm, Intel and Dropbox engineers in late 2017, it aims to provide scalability in a single-chain delegated proof-of-stake protocol. SOL is the native token of the Solana blockchain. 3.CFX Conflux Network - A scalable decentralized blockchain network that uses a special tree graph consensus algorithm. CFX is the native token of the Conflux Network. 4.SHIB SHIB (Shiba Inu Coin) - A token established by the Shiba Inu community that aims to be a Dogecoin alternative on Ethereum. 5.FLOKI Floki lnu - A cryptocurrency created by Shiba Inu community fans and members to launch multiple practical projects. 6.NEAR NEAR Protocol - A decentralized application platform that runs on the Nightshade proof-of-stake consensus mechanism.
Technical side: Yesterday, stimulated by the CPI data, the market rebounded. We reminded everyone last week that there would be a change in the market in the middle of the month. Today, the downward trend has been broken. In the day, we focus on it to make a retracement. The lower support of the retracement is 63,000-64,000. The magnitude of the retracement determines the continuity of the market. 63,000 cannot be broken to start a healthy rise. Then, if it continues to fluctuate in the range of 64,000 to 63,000 and does not break, we can increase our position by 10%. The upper resistance of 66,800 must be broken to touch the previous high! ETH is relatively weak. In the next day, focus on the range of 2969 to 3040. If Ethereum does not break at this position, it will also face directional choices. After breaking through 3040, the upper resistance is 3140! For intraday retracements, you can pay attention to sol, ondo, jup, tnsr, and ssv.
Currently, the entire position is recommended to be around 50%-60%, so control the position well, so that there are coins when it rises and oil when it falls.
News: CPI data released last night The unadjusted CPI annual rate in April was 3.4%, in line with expectations! The monthly CPI rate after seasonal adjustment in April was expected to be 0.4%, and the announced rate was 0.3% CPI data shows that the process of cooling inflation is still continuing, and the possibility of the Federal Reserve cutting interest rates in September has greatly increased!
ETFs are in an overall inflow state
Today's Israeli-Palestinian negotiations focus on whether there is a reconciliation
5.16 News Review
The US House of Representatives plans to vote on the cryptocurrency market structure bill FIT21 next week
Floki DAO has voted to pass a proposal to destroy more than 15.2 billion FLOKI
The new coins recently launched on BN are good in terms of fundamentals, underlying technology, popularity, and institutions, but the trend of this wave of new coins is extremely consistent~~Falling
After going online, they first suck blood (the liquidity of the market is originally insufficient), increase the market value, and then unlock a large amount. This wave of market conditions has begun to abandon the consensus of the previous wave~~Speculating on new but not old, so we will find that the gameplay has changed
So the requirements for this industry will become higher and higher, including market awareness, investment research expertise, emotional control, etc.
The market sentiment has begun to oppose VC, so I personally think that these tokens need time to experience the verification of the market before they can rise better!
The CPI data released at 20:30 tonight on May 15th is expected to be 3.4%. Higher than expected is bearish, lower than expected is bullish. Focus on whether the CPI data can promote the process of interest rate cuts #BTC走势分析 #心诚
The US market is closed over the weekend, and it is normal for funds in the market to be exhausted. Let's focus on the policy side next: 1. The probability of the Fed's interest rate cut in June is 3.5% (interest rate decision time: 2:00 am on June 13) 2. The US Congress may vote on new legislation for the crypto industry before the end of May 3. The Thai Securities and Exchange Commission is considering adjusting the capital reserves of digital assets 4. The Financial Supervisory Service of Korea: It has confirmed that the token delisting standards will be included in the "Virtual Asset User Protection Act" [Macro News] 1. The US one-year inflation rate is expected to be 3.5% in May, the highest since November last year. 2. Fed Kashkari: The threshold for another rate hike is high, but this possibility cannot be ruled out. Fed Bostic: It is expected that the Fed may only cut interest rates once later this year. 3. Sources said that the Israeli military's military operations in Rafah will last about 2 months. The United States issued a geomagnetic storm warning, which will last until the 12th. 4. Apple is close to reaching an agreement with OpenAI to apply ChatGPT to iPhone 5. On May 22, Nvidia released its first quarter financial report. If the revenue is higher than expected, it will be good for the AI sector
If the second round of bull market begins, various sectors will be active in turn, and many currencies may rise 5 to 10 times: 1. AI sector, including ARKM, AR, RNDR, FET, AGIX, NEAR, LPT, NFP, WLD 2. meme sector, such as BONK, WIF, PEPE, FLOKI, BOME 3. SOL ecosystem, including SOL, JUP, RAY, JTO 4. Ondo in the RWA sector 5. ETH ecosystem, including ETHFI and SSV 6. BTC's second-layer network STX 7. Game finance sector, such as YGG, GALA, MAVIA, IMX 8. Public chain sector, including DOT, FTM, MATIC, SUI, SEI, APT 9. Halving sector, ETC and LTC