The US stock market fell last night, and the probability of a rate hike rose again. The current risk market expectation is a 25% rate hike in May, a 25% rate hike in June, and then a pause in July. There will be no interest rate meeting in August. It depends on the data in September whether the rate hike will resume. There will be no rate cut in 2023.

Although Bitcoin and Ethereum have experienced a slight decline, the data from the CME closing on Friday is still relatively optimistic, because when the market opens on Monday, BTC and ETH are likely to fill the gap in CME, generally starting from Sunday afternoon. Of course, gap filling is not 100% likely to happen, but the probability of it happening is relatively higher.

The momentum of BTC and ETH has begun to decline, whether on CME, Coinbase or even Binance. The competition has shown a clear sluggishness. This may be due to the weekend, or some investors may start to wait and see. More data will be available on Monday.

Compared with CME, the data of April delivery options is more friendly to BTC. Although the current biggest pain point of BTC has not moved, the short-to-long ratio has dropped from 0.82 yesterday to 0.79, which continues to show that more option investors are bullish or hedging BTC, and nominal funds are also rising. However, ETH is slightly worse, with no change in the biggest pain point and the short-to-long ratio. More futures users are in a stable state

The altcoin market is not focusing on Bitcoin, but Ethereum

The focus of the altcoin market is not Bitcoin, but Ethereum. The market dynamics some time ago fully exposed this point: although the price of Bitcoin is still fluctuating around $30,000, few people make money, and even most investors are still losing money. This is because Ethereum has not been able to lead the market to rise.

Don’t pay too much attention to the trend of Bitcoin, but focus on the performance of Ethereum so as to capture the possible changes in the market in time.

Ethereum's selling pressure today has also increased a lot compared to yesterday, but it is clear that the attention of funds is still there. The future trend is likely to be to trade time for space, and continue to be stronger than the trend of Bitcoin. It continues to fluctuate above 2000. The aftermath of the Shanghai upgrade seems to be still there.

Copycat trading ideas

Since the big bear market last year, I have continued to follow the market, continued to research projects, and used practice to prove my investment logic. Basically, most of the stocks I bought through research have remained profitable. Of course, a small number of them were caused by my own lack of holding mentality, which is a common problem of human nature. Next, I will give some buying ideas to new friends for reference only.

1. When the market starts, buy first: the currencies that were recently launched on Binance, because they are hot enough and have enough time to wash out. Once the market starts, it will be very violent, such as: OP ARB APT ID HFT

2. Follow the hot spots of the track and buy projects in its ecosystem, such as: If Layer Zero is popular, buy STG/RDNT; if ARB is popular, buy magic gmx

3. Investment logic is the same not only in bull and bear markets, just follow the trend, whatever comes, we take it, then understand the logic of the project and buy it. After all, we are not new leeks who only listen to others shouting all-in, we will analyze the logic behind the project

Artificial Intelligence Hype and Its Impact on Crypto Markets

Discussions around artificial intelligence have increased over the past year, including investor interest in the past few months. Like Elon Musk, cryptocurrency market investors are always looking for trends and what sparks the most social cues, ultimately pushing prices up the charts.

When it comes to the top AI tokens that can benefit from Elon Musk’s move, the list is not too long as AI and such tokens are still in their infancy. The total market cap of these tokens is less than $6.3 billion.

Among them, the top 5 cryptocurrencies have achieved significant gains in the past 7 days, with Injective (INJ) performing the best, up 48%, followed by Render token, which rose nearly 33% in a week.

While the gains for The Graph, SingularityNET, and Oasis Network may seem small in comparison, these tokens are still outperforming many of the top cryptocurrencies in terms of the broader market.

Therefore, Elon Musk’s entry into this space will surely make AI Token his new Dogecoin playground

Continue to eat AI sector: FET (high probability of leading the rise and also confirmed) AGIX OCEAN follow up and look forward to the timing node. Now the outside world is beginning to react to the AI ​​sector, which is too slow

The logic of the idea is very clear. If you observe the recent news, you will know the subsequent hype sectors. There is only so much money in the market. What else can you play if not the hot sectors?

With the Cancun upgrade in May, L2 should have been hyped up in April, otherwise there would not be enough time. Other old coins that are not in the mainstream sector are not played much.

Time is running out for copycats. Cherish the market