Lao Gou shares his views on the market in a responsible, objective and rational manner and has his own unique insights into the market.
The data and information in this article are derived from public news and information. However, no guarantee is made for the accuracy and completeness of the information. The content is for reference only and does not constitute any investment advice.
In the early morning of the 4th, the Federal Reserve announced a 25 basis point rate hike, and U.S. stocks and gold rose sharply. Bitcoin also began to strengthen in tandem. During the meeting, the Federal Reserve FOMC statement deleted the previous wording that hinted at future rate hikes. This also shows that the Federal Reserve has begun to be unable to bear the pressure of rate hikes. The probability of a rate hike in June is currently 10%. It is very likely that the Federal Reserve will announce a halt to rate hikes next month, which is a huge boon to the crypto market.
Looking back over the past two decades, 564 banks have closed down in the United States since 2001, involving assets of $1,269.785 billion. This year, banks of all sizes in the United States have closed down one after another. The high interest rates brought by raising interest rates to fight inflation are also one of the huge pressures on the Federal Reserve. If interest rate hikes are stopped, it will mean that the Federal Reserve has failed to fight inflation. Currently, US interest rates have reached the highest level since 2007. This interest rate hike also means that the Federal Reserve has reached the peak of the tightening cycle. The subsequent slowdown in economic growth will force the Federal Reserve to cut interest rates later this year. Therefore, the currency price is likely to enter a stage of accelerated growth in the second half of this year.
Bitcoin's daily transaction fee exceeded $3.37 million, a record high since May 21, 2021. Compared with about $370,000 on April 23, it soared more than 9 times on the 10th. After May 21, 2021, the price of Bitcoin rose from around $30,000 to $69,000, the peak of the last bull market, in less than 6 months. At present, the price of Bitcoin is still around $30,000. I don't know what the highest price of Bitcoin will be in 6 months, which is also what everyone is looking forward to.
Coin News Sharing
BTC: The current price has come above $29,000 again. If there is no black swan or huge negative impact in the future, the previous high of $31,000 will be relatively easy to break through. After the breakthrough, the next target is around 32,400, and the short-term support is 27,900.
ETH: There are still large amounts of ETH transferred into exchanges during this period, but from the market point of view, the trend is slightly stronger than Bitcoin. If it breaks through the previous high in the short term, the next target will be around 2400.
ID: There were many big Vs who called orders some time ago, and some big Vs even called orders openly. For example, after a certain hero showed his large position, the price of the currency began to fall all the way. The current price is around 0.609. If you have positions, I personally recommend that you continue to hold them. Friends who want to participate can also pay attention.
SUI: The current price is around 1.36, and the winners should earn about 10 times. The price has not soared rapidly, and it will enter a consolidation phase in the short term. However, I am still optimistic about the potential of the currency that the two major platforms are competing for. If the price can reach between 0.96 and 0.8, it can be considered.
PEPE: PEPE has risen 123,800 times since its launch on April 15, with a market value of over $500 million. According to the cost and floating profit of whale addresses with PEPE holdings of more than 1 trillion, it shows that: 1. 31 addresses hold 14.8% of the total PEPE, with a total value of more than $70 million; 2. All are currently in a profitable state, with no losses; 3. The lowest floating profit is 1.12 times and the highest is 95,306 times. Because there is news that PEPE will be launched on a certain platform soon, the increase today has reached more than 50%. After being launched on a certain platform, it is likely to set a new high and then start to fall, starting a long consolidation market. The trend can be referred to shib.
NFT concept: At present, the popularity of NFT is still not very high, because the GAS fee is too high. The GAS fee for buying an NFT product may account for about half of the total cost. Therefore, the current market funds have not flowed into the NFT concept in large amounts.
Tugou is very popular recently, but there are Tugou running away almost every day. There is no supervision and protection measures in the primary market at present, and it is completely based on luck. This is also the reason why old dogs do not participate. After all, many people participate in it just to get rich quickly. Although there are some who make money in the short term, the final result is often a loss.
A new round of market conditions has begun to brew. Laogou is still optimistic about the future market. The currencies that have been invested in since the beginning of the year have also made considerable profits. That’s all for today. Thank you for your long-term support for Laogou~
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