On Monday, Bitcoin strongly rebounded to $95,490, with a daily increase of 0.8%, and market sentiment was boosted by Trump's upcoming hundred-day speech, with investors expecting potential crypto-friendly policies that would drive fund reallocation. Bitcoin oscillated between $92,953 and $95,490 that day, maintaining recent upward momentum, with a weekly gain of 8.9% and nearly 15% in the past 30 days. The market is focused on whether Trump will propose a specific Bitcoin strategic reserve policy.
From a technical perspective, Bitcoin's monthly line is about to close, currently showing a long lower shadow green candle, indicating a potential short-term pullback. Yesterday, prices oscillated narrowly around $95,000, with trading volume dropping to early April levels, and continued volume contraction may risk a subsequent correction.
For Ethereum, the monthly line has been black for five consecutive months, forming a doji this month, with the lowest price approaching the 2022 low point, suggesting limited downside and potentially entering a consolidation phase. Yesterday, Ethereum again challenged the $1,850 resistance level, and while it failed to stabilize, the bottom continues to rise, showing short-term potential for an upward breakthrough.
Altcoin side: Altcoins are generally entering a stage of adjustment after a rise, having undergone a significant pullback over a week. Currently, a key support area has formed at the bottom, so pay attention to controlling rhythm and position, focus on defense, and prefer low-buying rather than chasing highs.
Today's hottest market topic is undoubtedly the meme coin $MIKAMI!
Yua Mikami announced the launch of meme coin $MIKAMI yesterday, with presale addresses raising over 13,000 SOL within four hours, breaking through $2 million in market value, with presale continuing for 72 hours.
She explained on X platform that token allocation will be determined by total fundraising amount divided by total token quantity, with no fixed quota. Notably, the local Taiwanese meme coin "Betel Nut Coin" also transferred 5 million tokens to the address, seemingly to attract community attention.
ALPACA surged 17 times in six days, should you chase it?
Recently, ALPACA surged 17 times in just six days, sparking market discussion. Despite the shocking rise, most who truly captured this trend were early "ant positions", with mid-entry high-chasers mainly engaging in short-term trading, entering at breakthrough points and taking profits quickly.
However, for coins that have been declining since launch for three years, few dare to hold long-term. Most are either deeply trapped or have already cut losses. This sudden rise, while seemingly impressive, looks more like a typical "distribution market" from the plate.
Two common market mentalities: first, old investors finally "breaking even" but unwilling to exit due to greed; second, new retail investors attracted by the surge, blindly chasing high without considering risks. This lifting rhythm is likely a manipulation by main forces to attract bagholders.
For such aggressive trends, risk control must be prioritized.
Remember: Coins that rise too quickly are most likely to "turn green after extreme green"!
Trump issuing a coin again?
Waking up today to news about "Truth Social launching a platform coin" feels complicated. Trump seems to treat crypto as an ATM, from meme coins to ICOs, stablecoins, and chain games, even involving family in coin launches, and now wanting to launch a so-called wallet coin. Frankly, I'm not optimistic about this project.
Many fantasize about replicating $TRUMP's rise, but forget that $TRUMP rose not on logic, but on emotion, on Trump's personal label and the attention during election cycles. It's essentially a MEME driven by political symbols, not a token with real application scenarios. Today's Trump has already "collapsed in persona", and such emotions can't be easily replicated.
Platform coins are different, focusing on ecosystem building, user needs, and actual use cases. But Truth Social is essentially a Web2 platform, not a chain application, and users have no real need for a platform coin. If $TRUMP already exists, why not directly empower it? The reason is simple: new coins can "harvest more", old coins are already drained, and empowerment would only let retail investors become bagholders.
Don't be misled by the brief popularity like the First Lady's coin - while there might be buzz, without a clear path to implementation, funds won't buy in, and it will ultimately be just a fleeting trend. So don't compare the new coin to $TRUMP's "success" - that was an unreplicable emotional extreme.
A word of advice: No matter how much it rises, don't take Trump's offer. Without anyone propping him up, he'll naturally stop. Crypto opportunities are never scarce, don't pave the way for those trying to cut you, and keep some dignity.
That's it for the article! If you're feeling lost in crypto, consider working with me to layout and harvest from market makers! Follow Public Account: Crypto Meow y
Communication + Q: 3806326575
