Bitcoin's monthly chart saw a sharp decline on May 1st, touching the 7-day moving average of the monthly line for support, filling the gap left by the previous sharp rise. The overall increase in May was 12.8%, and today's monthly chart is basically closing with a large bullish candlestick, with the 7-day moving average extending upwards to around 61000. With the continuous impact of positive market news, there is a high probability of an overall increase in June. However, caution should be exercised against retracement near the moving average, and specific reference can be made to the real-time trend at the daily level.

On the daily chart, there was an initial decline yesterday, followed by a retest near 67200, a rise to around 69500, and a close below the 7/14-day moving average, with no strong upward momentum from the bulls. The key support to watch below in the short term is the repeated testing near 67200, which is also the support of the midline of the Bollinger Bands on the daily chart. The key resistance above in the short term is around 69500.

After hitting a new high on May 27th, Ethereum saw a high and then a decline, with three consecutive down days, indicating a relatively weak trend. Looking at the 4-hour chart, the overall trend is oscillating downward, with the upper focus at around 3800 for resistance and the lower support at around 3700.

The key to the current market situation lies in the PCE data released tonight at 8:30. If the expected value is 2.8%, a higher-than-expected figure would be bearish and lead to a sharp decline, while a lower-than-expected figure would be bullish and lead to a sharp rise. It has been observed that the price tends to drop before the data release and rise after the release. Will this pattern repeat today? Looking at on-chain data, there was an increase in BTC flowing into exchanges last night, while stablecoins remained stable, with no signs of bottom fishing.

When looking at the data tonight, it is important to determine whether the bearish news is significant or minor. If it is significantly higher than expected, it would be a major bearish signal, prompting a substantial reduction in positions. Conversely, if it is bullish, we should increase positions. In that case, which coins should we increase positions in?

(1) ORDI

With 21 million tokens fully unlocked, its market value is only 800 million, and it is a leader in the inscription sector. It was issued during the bear-to-bull transition phase and has not yet completed a full bull market cycle, so the upward potential is unimaginable! From a technical perspective, after two to three months of washing out, the bottom has been cleaned up, and there is horizontal accumulation at the bottom, with a triple bottom pattern visible in the chart, indicating a potential 30% rally in the short term!

The inscription sector is expected to shine in June, from the initial brc20 inscription track to the rune fusion of rune to the technical innovation of rgb. All of these demonstrate the gradual improvement of the Bitcoin ecosystem. It is not an exaggeration to say that one of the protagonists of this bull market is the deepening of Bitcoin, especially for inscriptions like the "Three Silly Inscriptions," which are very difficult to short. It may rise several times in price directly, just like apt did!

(2) World Coin (WLD)

WLD has a circulation of less than 3%, which is good for controlling the market. From a project perspective, it is endorsed by a new concept of AI+ and the founder, making it a highly speculative token in the current AI sector. There are rumors of a massive unlock in July, but in reality, it is only the end of May, with a month to go until July, during which a lot can happen. Similar projects from the last bull market, such as AXS in the NFT metaverse sector, have not yet completed a full bull market cycle. Following the principle of "speculate on new, not old" in the crypto circle, this is the most lucrative sector in this bull market. From a technical perspective, it has also undergone two to three months of washing out, forming a standard W-bottom, and is highly anticipated in the near future.

Dongge only speaks with strength and values! He guides you to accurately control the positions and grasp the profits. In the crypto market, you can make money no matter how you play when the market is good, but you must understand that the market will not always be good! Knowing when to buy and when to sell in the crypto market is crucial. If you want to achieve higher returns, the choice is yours, and choice is greater than effort! Follow the public account: "Xuni Sweet Dreams."

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