Three Major Events After May Day: 1⃣️May 6th: Digital Asset Law Draft Released. This will be a significant milestone in crypto, and the first official draft may lay the foundation for the industry's future development, with far-reaching implications. 2⃣️May 7th: Ethereum Mainnet Upgrade. Vitalik strikes again, and this upgrade will be a critical turning point for Ethereum. Can it regain its peak and return to its previous high? 3⃣️May 8th: Federal Reserve Announces June Interest Rate Decision. Will they cut rates or maintain current levels? Although current data suggests maintaining rates, the variables introduced after Trump's presidency are significant. Additionally, how to resolve the $6.5 trillion debt issue remains a major challenge.
The Federal Reserve FOMC will announce the rate resolution on Thursday at 2:00 PM. Currently, the overall rate cut pace is relatively slow. Following this pace, two rate cuts in the second half of the year are expected. If rate cuts can be accelerated, market trends might arrive faster. However, the market has recently started to consolidate, with BTC remaining the strong representative, just a step away from $100,000. Historical data shows BTC is trustworthy for large funds. Recently, Ethereum has been oscillating around $1,800, which isn't high but is good compared to previous low points. Its exchange rates with other currencies have also started to show strength. Altcoins have begun a slight pullback after a rebound, which objectively isn't great, as altcoins might struggle to recover. When people ask me how to choose altcoins, I can only say it's best not to choose them. Focus on mainstream currencies, and if you want to play with altcoins, do so with small funds and develop your own experience.
May 7th is a critical point. If it can be pulled up, there's a high probability of a decent adjustment afterward.
Looking at Bitcoin, the higher it rises, the more difficult it becomes. Technical indicators have already shown top signals, and a short-term adjustment could come at any time.
Federal Reserve Meeting: Searching for Policy Shift Clues
Although no rate adjustment is expected at Thursday's Federal Reserve meeting, Powell's statement will be the focus of bull and bear battles.
The CME Rate Tracker shows market expectations for June rate cuts have sharply dropped to 33.2%. This "delayed rate cut" consensus is being fully priced in. The real suspense is: Will the Federal Reserve leave a window open for policy shifts this year?
If Powell suggests inflation driven by tariffs is "temporary" during the press conference, or implies that current rates are sufficient to curb price increases, it could become a turning point for boosting risk sentiment.
➯$BSV: Bitcoin SV
Recently very strong, with price now significantly dropped, but currently at support levels. 4-hour chart shows potential for a second rise.
Consecutive green candles and in a low-position trend, so can open a long position around 37.9u, with stop loss set at 36u - small bet, big potential!
➯ $SIREN
BNB Chain AI Track Dark Horse
After peak heat, stabilized market without mass selling
Chose to publicly share build dynamics during community's most confused period, rather than staying silent
Continuously optimizing product logic for next market trend, not consuming emotions for short-lived pump
Can be said it hasn't exploded yet, but cannot deny:
Quietly gathering second wave of momentum, not a typical pump-and-dump
➯ $WLD
OpenAI may launch social platform (rumor), market speculates Worldcoin's WLD might become built-in platform currency. Currently, only Coinbase has listed WLD, and Sam Altman's schedule hints at this, but official confirmation is pending. If the rumor is true, it would be a significant positive for WLD
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