2024.5.5 Hot Topic Market Analysis

1: Tesla's official website supports payment with doge, indicating that the rising market is coming, otherwise it will not announce good news when it is still falling. There may be internal information that the interest rate cut speculation is coming

2: GBTC has begun to flow in, indicating that the short-selling force is gradually weakening and the selling pressure is decreasing. Bitcoin will be re-injected with US dollar liquidity in May and June, and a new round of gains will be realized

3: Israel and Hamas have recently started peace talks. If an agreement is successfully reached, there will be another wave of increases in the currency circle

4: Sol. V1.18 heavy update will be launched on the main network on May 27, which is good for Wif PEPE BOME, PYTH, and JTO. The daily unlocking is not considered

5: In this chip distribution, the main force first bottomed out at 59270, and the second double bottom position was 57200. It did not fall below the main position. 56500 is the low point of this round of bull turn

6: There will be two major market focus points for Ethereum ETF this month. On May 23, the US SEC has a new deadline to make a decision on VanEck Ethereum spot ETF. On May 30, the US SEC has a new deadline to make a decision on Grayscale Ethereum futures ETF, which is good for SSV, Ethfi, and OP$DOGE