Brothers, this is terrible, something big has happened again. Yesterday afternoon, the Iranian president and foreign minister died in a sudden plane crash in Azerbaijan. The situation in the Middle East is changing!
On the surface, it seems like an accident, but Iranian leader Khamenei has already announced that this incident was caused by Israel and that unprecedented measures will be taken against Israel.
The powder keg in the Middle East is about to be completely ignited, the struggle between major powers will intensify, the international situation will be turbulent, and the global economy will be seriously affected.
Some people may ask: What does the death of this president have to do with our crypto community? Haha, that’s superficial, right? Let me help you recall it.
On April 1, Israel launched an airstrike on Iraq. As a result, the No. 1 and No. 2 indexes plummeted from 71,288 to 64,550, a drop of more than 6,000 points.
Then on April 13, Iran began to fight back, launching dozens of missiles at Israel. On that day, the bitcoin price plummeted from 67,929 to 60,660, a full drop of more than 7,000 points.
Did you see it? A tense situation in one region can cause a turmoil in the global financial market. Our crypto community is not immune to this, especially after large institutions enter the market, the market is even more linked to the global financial market.
If the tense situation in the Gaza Strip escalates again or even triggers a war, it will bring more uncertainty to the global market, investors will become panic, market liquidity will be frustrated, and a downturn in the market will follow.
No matter what, the Tang people hope that all parties can remain calm and restrained. If you hurt the enemy, you will hurt yourself too. Peace and stability are the path to development. We can't help but pray in our hearts.
In prosperous times, people collect antiques; in troubled times, people buy gold. Today, gold prices soared, breaking through the 2,400 mark. It should be able to rise again in the future. Of course, this market trend is definitely related to the event mentioned at the beginning of the article.
Gold prices have skyrocketed, so how far is Pound Sterling? Tangren thinks it should be not far away. There is news that Europe will start to cut interest rates in June. If Europe moves first, Pound Sterling will definitely follow.
The previous articles mentioned that "interest rate cuts are bullish". As soon as the interest rate cut comes, the bull market takes off immediately. The positive CPI has brought forward the expectation of interest rate cuts. It will depend on when the big interest rate cut will be initiated.
As of last week, the total assets under management of ETFs reached US$53.967 billion. I didn’t expect that Grayscale was still at the top of the list despite having so many products. BlackRock ranked second with US$17.243 billion, and Fidelity ranked third with US$9.9 billion.
In more than four months, less than 60 billion yuan of funds have pushed the price of bitcoin to a record high. This amount of funds is still a drop in the bucket for Wall Street, and more funds should be able to flow in with subsequent favorable support.
The biggest highlight of this week is the approval result of the No. 23 Yitai ETF. This may be a vote that determines the fate of Yitai. If it is approved, Tangren believes that Yitai will have no problem at all at 10,000 in this bull market.
Of course, through the analysis of previously leaked news, the probability of this round of approval is not high, but it is hard to say, what if the SEC committee member suddenly approves it!
There are a large number of tokens that will be unlocked this week. You know the market situation after unlocking. Last week, Tangren told everyone not to buy AEVO. Those who listened to the advice are still alive and well. Those who didn’t listen to the advice, only those who bought it will know.
Today, PYTH ushered in a massive unlocking. The current circulation volume is 140%, and the market value has directly increased by more than 400 million. Tangren has foreseen that it will plummet by more than 20-30%. Don’t think about buying the bottom. If you buy, you will lose all your bottom. If you don’t believe me, you can try it.
If you really don’t know what to buy or how to buy it, add a follow, find an assistant, bring your friends, and eat meat together. (Reminder: today’s essence is in the Tangren Strategy section at the bottom)
Tangren’s interpretation of the market:
Bitcoin: As the situation becomes tense, the market has also become volatile. There is considerable pressure at the 67,500 level above. The hourly line has seen a V-shaped rebound, and a doji has formed at a high level on the 4-hour level. The bullish direction remains unchanged in the short term, and it is still within a range of shocks in the medium term. However, 67,500 should not be so easy to cross, which means that there is not sufficient turnover rate at this position, and the good news is not enough to support Bitcoin to start the next main uptrend. The lower support is 66,100, and the second support is 65,200.
Auntie: Linked with the big cake, the exchange rate rebounded against the oversold price, the price fell back to the 5-day line, and the hourly line made a U-shaped rebound. The upper 3150 is the key pressure level. If it breaks through, it will go to 3220. Standing at 3150 indicates that the new stage of foundation building is completed, but it should be difficult. The probability of passing on the 23rd is not high, but everyone has psychological expectations. Although it is bad news, it has little impact on the market. However, if the ETF on the 23rd can pass, Auntie will definitely break 10,000 in this bull market. The upper pressure is 3150, and the lower support is 3050.
Regarding copycats: meme is still the protagonist of copycats, and the transaction volume on the chain remains high. How can the myth of getting rich quickly be added every day without failing to attract investors? However, Tangren still warns everyone that meme can rise quickly but fall even faster, so be cautious when getting on board.
Sol has become the most popular one in the copycat industry these days. Solana ecosystem is also the best public chain in this year's narrative. With such high popularity, there is no reason not to pay attention to it. According to the prediction of foreign experts, Sol will have no problem reaching $200 in this bull market. As for the opportunity to enter the market, please check the group messages.
Tang people talk about strategy;
Strategy 1: The entry price of SSV on May 16 was 38.9, and the current price is 44.15, up 20%. The performance is good and will continue to be observed. The short-term target is 54 and the long-term target is 180.
Strategy 2: Ambush W on May 18, entry price 0.56, current price 0.54. Some friends got on the train below this point, continue to observe the next trend, the target price is 0.8.
Strategy three: (new) May 20, ambush wld, entry price 4.8, current price 4.82, short-term target 8.5, long-term target 21.3.
The article has a time limit. The real-time strategy of each day will be announced in the Tangren Strategy Group. If you are interested, follow Tangren, Jiazuo Wei, and leave your ideas in the comment area. Let’s play and make money in the crypto circle together.
The essence of Tangren’s trading strategy: The first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
