After the release of the CPI data on Wall Street, the trend of the BTC reversed instantly, the bulls went straight up, and the market was very lively!
1. After the release of CPI data, the BTC market was instantly ignited, and the bullish momentum was strong. A big positive on the daily line directly laid the foundation for the bullish trend of BTC. The lowest point of this rebound was 56,500, which is a rare golden pit. Everyone should cherish the opportunity!
2. If BTC can break through and stabilize, then Altcoin will also have the opportunity to catch up. After this round of weekly adjustments, Altcoin will resume the unilateral upward trend, and will usher in a monthly green candle later.
3. However, when investing in Altcoin, we must remember one thing: buy strong and not weak, and only by following the big players can we make big profits. In this round of Altcoin market, we have also drawn some important conclusions. The more retail investors there are, the easier it is to be cut, and the fewer unlocked projects are, the easier it is to fail.
4. On the contrary, projects that are almost fully unlocked are more likely to pull up the market, so we need to consider carefully when choosing investment targets.
Will the BTC continue to rise?
The main reasons for the BTC to start pulling up are as follows:
1. According to historical experience, the market tends to experience large fluctuations about three months after the halving.
2. The US presidential election will be held on November 5 this year. In previous presidential elections, the crypto has skyrocketed.
3. The United States is expected to cut interest rates this year. Although it is not certain whether it will be in September or later, it is likely to be between September and November. The expectation of a rate cut itself will have a positive impact on the market.
4. June and July are the seasons for fan coins, and various sports events will also be held, which may lead to a wave of market growth.
5. The Fed's balance sheet has dropped from a peak of 2 trillion to about 486 billion. According to previous data, it is speculated that the interest rate cut came shortly after the Fed stopped shrinking its balance sheet.
Taking all the above factors into consideration, the end of May to June may be a good time to buy in batches and build positions, but it should be noted that market trends are affected by many factors. Therefore, you need to be cautious when investing and do a good job of position management.
What other coins are worth paying attention to now?
The MEME sector has been almost laid out. The next sector will most likely see a sustained rise in games and NFTs. The current market is not suitable for buying large-cap VCs. No one is willing to take over, and the project parties are too lazy to do anything.
1. SOL will be upgraded on the 27th, and on-chain meme will be produced in abundance. You can buy them at the current price of 142.
2. CHZ is a leader in sports, with positive news from the European Cup and the Olympics. It has risen to 0.12, which is not too high and can be bought.
3. ETC will reduce production in mid-June, and the current price is 26.9, so you can wait.
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