Meme is not suitable for entry at the moment.
Multiple fluctuations and shocks have trapped too many people, and market expectations are gradually becoming consistent.
After the last market decline, bonk, which recovered the fastest, can be regarded as the logic of WIF's compensatory rise. However, the performance of high-level WIF and PEPE is not eye-catching.
The low-level BOME, MEW, FOXY, etc. have gradually lost their vitality and appear to be somewhat sluggish.
The negative evaluation of meme by the CTO of a16z can be regarded as a warning signal.
Next, I will turn my attention to the new sector, especially W and TNSR.
In short-term operations, I will consider the news that Sun Ge converted BNB to BN,
wait for a second bottoming opportunity, and consider entering the market near the low point in the morning.
W's fundamentals have changed positively, while TNSR has shown greater elasticity, and its market value is relatively small, with certain potential.
For the overall market, if the price of Bitcoin falls below 6.2, I will be bearish; once it breaks through 6.7, a bullish trend may form, which is worth our close attention.
For spot, there will be a large wave of opportunities after May 1st.
Of course, whether it is spot or contract, there are tricks. If you want, click on my avatar and follow me, you know how to see it. (If you don’t know, leave a comment 8)
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