The bull market is coming back! This coin is about to have an epic update! Hurry up and ambush in advance! The Fed is secretly releasing money, is the interest rate cut far away? The latest news on JTO, PYTH, Sol and WIF! This coin has a huge negative! I liquidated it and increased my position in it! When will Bitcoin start a bull market?

Family, I'm going all out! This coin is about to have an epic update, the price will soar, and smart money is buying it at the bottom!

The cryptocurrency world is saved! The Federal Reserve has begun to secretly release money. You must know this key signal!

What are the major updates of JTO, PYTH, WIF and Sol, and why did I liquidate it and choose to increase my position in another coin? Let's follow Shuqin to find out.

First, let's take a look at the market as usual.

The on-chain data of Ethereum and other small coins can be described as hot. The altcoins led by Ethereum and Solana have shown strong bottom-fishing power, with many large investors entering the market. Even their decline is smaller than that of Bitcoin, but their rebound is greater than that of Bitcoin.

This is because these coins have fallen through, such as Ethereum, which fell from 4100 to 2800, a drop of nearly 30%, and Solana, which fell by more than 40%. The big wash in the past few weeks has shaken out those who are not firm in their faith, and the rest are in us, the nail households, who refuse to sell. At the same time, the bottom-fishing power is also increasing, so a big rebound has begun.

So when will the bull market come?

No matter how difficult it is, the bull market in the cryptocurrency world will always start more than a month after the Bitcoin halving.

We have already analyzed the halving in 2020, and the halving in 2016 also followed the same trend.

The cryptocurrency market plummeted before the halving, just like now, and fell again after the halving, but then it started to surge at the end of the month, and it is the same every time the halving occurs, because the cryptocurrency market is all about consensus. Not to mention that the hot money USDT in the cryptocurrency market is still pouring in at an accelerated rate, and there is no bleeding state like the previous bear market, so don't be shaken out by the shock, and Wall Street will also start to pull the market at that time.

As everyone has seen, the recent rebound in the cryptocurrency market was caused by BlackRock's support. The company released news that they are helping major institutions and pension funds configure spot Bitcoin ETFs, so the cryptocurrency market has rebounded a lot recently. There will be a lot more news of this kind, both big and small, which will be released at the right time.

Musk will also push up the market at critical moments. For example, in the last bull market, he announced that he would use Tesla to purchase 1.5 billion US dollars of Bitcoin, and then said that he would accept Bitcoin as payment for buying cars. Every time, the price of the currency soars. So don’t be anxious. When the time comes, these dealers will take action. After all, they also want to make money, right?

Okay, let’s talk about a huge positive news. Solana’s 1.18 major update is coming soon and will be launched on the mainnet on May 27th.

This update is not a small patch update, but a major version upgrade. Preparations began in January and were completed at the end of May. Although it is not as grand as Ethereum's annual version upgrade, it also has considerable room for hype.

This upgrade will greatly improve Sol's on-chain performance to solve the previous congestion problem, which is very important. From the K-line:

Solana has indeed pulled back in place before, and there is a high probability that it will move out of the fifth wave of the Elliott model, so you can buy at dips and don’t rush to chase highs, because there is still plenty of time.

Of course, in addition to the benefits of Sol itself, we also have to look at the trend of the Bitcoin market at that time, and hope not to be dragged down by it.

In fact, it is not just Solana, but also various eco-currencies on its chain will also usher in huge benefits, such as WIF or JTO. And Shuqin is definitely more optimistic about WIF, because WIF tokens have been fully unlocked and there is no selling pressure.

JTO has only unlocked 12% of the tokens, and 90% of the tokens will be unlocked in the future, so the long-term selling pressure is very high.

I don’t know if you have noticed such a phenomenon, that is, retail investors in this round of bull market have awakened and are not going to take over any king projects. For example, STRK has a total market value of nearly 10 billion when it goes online, and does not give retail investors the opportunity to participate at a low price. Then they keep unlocking tokens and selling them to retail investors at high prices. These institutions make money, but what about the retail investors who take over? Therefore, the fair, unlock-free, and more opportunity to get rich Dogecoin has become the new favorite of the market.

As you can see in the past few days, WIF and Pepe are both bold in rising and falling, and the rebound is very strong. However, on the other hand, some institutional projects are stagnant. Therefore, Shuqin is very optimistic about these two local dog coins, especially WIF, which will also benefit from Solana's upgrade at the end of the month.

So this time WIF rebounded very well and did not disappoint everyone. Yesterday we also waited for the latest US employment data, which was a super good news. Various currencies began to take off, and WIF continued to rise by more than 50%. It is approaching the 3.5 neckline resistance and is expected to pull back. Pay attention to the 3u support level. You can add to your position again when it reaches it.

The popular currency Runecoin that we asked everyone to configure before soared 40% in one day. Many people are reporting the good news to Benqin, so if you want to operate together, you can really come and have a look. I update the operation of each currency in real time every day~

OK, let’s continue. Not all Solana’s eco-coins will see a market, but one coin will face a huge negative impact, and that is the once popular PYTH.

This coin will unlock 2.1 billion tokens in 17 days, which is equivalent to 141% of its current circulation. Oh my god, this is too scary. There are only 1.5 billion tokens in circulation now. Unlocking 2.1 billion this time will more than double the number of tokens in the market.

Assuming the market value remains unchanged, the value of your PYTH will be diluted by more than half. So even though this project is a good one, you should not hold it recently and switch to other coins in the same sector or ecosystem, because a gentleman does not stand under a dangerous wall. Look at the previous DYDX and ARB. After experiencing this level of large-scale unlocking, they have not been able to get up, because the coins obtained by institutions have not been sold out yet.

Although the Federal Reserve meeting early yesterday morning did not specify when to cut interest rates, there was one good news: the Federal Reserve will slow down the pace of U.S. debt balance sheet reduction starting June 1, from $60 billion per month to $25 billion.

This is a substitute for a rate cut, and it is also a signal to loosen up the economy. If there is a rate cut, it will definitely happen this year. It was originally scheduled for May, but it was not cut because of the rebound in inflation. However, as long as inflation falls back, the rate cut will come soon, and our bull market in the cryptocurrency circle will be further improved!

Finally, don’t forget to like and follow us, let’s achieve financial freedom together in this bull market!

Bye~