Didn’t expect the reversal to come so quickly, it caught me off guard. I’ve been saying that the reversal is getting closer, everyone should wait for a pullback to enter the market and hold on for the rise.
I thought that in April, with the tariff war, trade war, and military tensions all unsettled, no matter how things turned, it would at least start to warm up in early May.
However, the market can change in ways you least expect. Moreover, this guy Trump is just pouring oil on the fire, making a killing through TRUMP. His presence is definitely not good news. What seems like a booming market may actually be fraught with hidden crises, which we cannot know for sure.
But one thing is certain: the market pattern has indeed reversed, and we should still focus on buying on pullbacks. Trading cryptocurrencies isn't complicated; making money is the most important thing.
This wave has come too suddenly, many retail investors didn't have time to react, and they are heavily trapped in short positions, unable to move. But one point is that violent increases without substantial positive news, I think it’s unsustainable, and the side effects may be significant, with a potential deep correction. In any case, for those doing spot trading, do not enter the market unless there’s a sharp decline.
1. Binance announced that by April 28, 2025, it will convert multiple delisted cryptocurrencies including TORN, OMG, and MDX into USDC. Hurry up and eliminate the unscrupulous pests in the crypto circle. Retail investors are scared of being cut.
2. Bitcoin's price surged significantly on April 24, breaking $93,500. According to reports, the son of the U.S. Secretary of Commerce has partnered with SoftBank and Tether to launch a $3 billion cryptocurrency investment plan, intending to buy a large amount of Bitcoin. I believe this should have been done a long time ago, and it’s only being announced now as they start to cash out.
3. The meme coin TRUMP skyrocketed by 50% in one day. Its issuer launched a marketing campaign where the first 220 "top challengers" will have the opportunity to dine with Trump. Can we trust this guy, raising the price and then running away?
4. The Ethereum mainnet plans to implement the Pectra upgrade on May 7, aimed at improving network performance and security. ETH, if you don’t rise this time, we might vote to delist you.
5. Tether Treasury has minted an additional 1 billion USDC. It seems there are still many retail investors chasing the rise.
6. On Friday, $7.2 billion in BTC positions will expire, the current put/call ratio is 0.73, with the maximum pain point at $85,000, while the current price is $92,735, indicating a significant win for call option buyers.
I thought that in April, with the tariff war, trade war, and military tensions all unsettled, no matter how things turned, it would at least start to warm up in early May.
However, the market can change in ways you least expect. Moreover, this guy Trump is just pouring oil on the fire, making a killing through TRUMP. His presence is definitely not good news. What seems like a booming market may actually be fraught with hidden crises, which we cannot know for sure.
But one thing is certain: the market pattern has indeed reversed, and we should still focus on buying on pullbacks. Trading cryptocurrencies isn't complicated; making money is the most important thing.
This wave has come too suddenly, many retail investors didn't have time to react, and they are heavily trapped in short positions, unable to move. But one point is that violent increases without substantial positive news, I think it’s unsustainable, and the side effects may be significant, with a potential deep correction. In any case, for those doing spot trading, do not enter the market unless there’s a sharp decline.
1. Binance announced that by April 28, 2025, it will convert multiple delisted cryptocurrencies including TORN, OMG, and MDX into USDC. Hurry up and eliminate the unscrupulous pests in the crypto circle. Retail investors are scared of being cut.
2. Bitcoin's price surged significantly on April 24, breaking $93,500. According to reports, the son of the U.S. Secretary of Commerce has partnered with SoftBank and Tether to launch a $3 billion cryptocurrency investment plan, intending to buy a large amount of Bitcoin. I believe this should have been done a long time ago, and it’s only being announced now as they start to cash out.
3. The meme coin TRUMP skyrocketed by 50% in one day. Its issuer launched a marketing campaign where the first 220 "top challengers" will have the opportunity to dine with Trump. Can we trust this guy, raising the price and then running away?
4. The Ethereum mainnet plans to implement the Pectra upgrade on May 7, aimed at improving network performance and security. ETH, if you don’t rise this time, we might vote to delist you.
5. Tether Treasury has minted an additional 1 billion USDC. It seems there are still many retail investors chasing the rise.
6. On Friday, $7.2 billion in BTC positions will expire, the current put/call ratio is 0.73, with the maximum pain point at $85,000, while the current price is $92,735, indicating a significant win for call option buyers.
