
Adam@Greeks.live|May 16, 2025 14:59
http://Greeks.Live Daily Briefing of Chinese Community
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Release date: May 16, 2025
Overall market sentiment
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After Bitcoin broke through $100000, the market remained cautiously optimistic, focusing on the important resistance level of $108000 and the 4-hour EMA200 (approximately $73000) as key indicators. Most analysts believe that the formation of a diamond shaped consolidation pattern in the near future indicates a significant fluctuation, but there are differences in direction.
hot topic
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The prospects of Ethereum have sparked heated discussions, with some traders holding an optimistic attitude towards ETH, believing that Coinbase's acquisition, ETF staking, and passive buying by index funds will support the price, and firmly believing that it can reach $4000 by the end of the year
Traders are discussing the arbitrage opportunity between MicroStrategy and Bitcoin, with well-known bear Jim Chanos proposing a strategy of simultaneously long Bitcoin and short MSTR, believing that the company's stock price has a 2.5-fold premium relative to its Bitcoin holdings
Technical indicators suggest that Bitcoin may soon experience significant volatility, with signals of a large amount of ETH being transferred to the exchange causing concerns about a decline. However, the support of $100000 remains strong, and some traders choose to buy doomsday options and put options to hedge risks
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