The market maker is no longer performing: scam coins are flying wildly, and the US stock market is hitting new highs. This wave is a harvest, not a bull market.

Let’s talk about the recent market situation today. Recently, the妖币 (Yao Coin) is soaring, US stocks are going crazy, and everyone is shouting “The bull is back.”

But I’ll start with the conclusion: this wave might be a bit off.

First, about “妖币 flying wildly,” I mentioned before about the妖币 RAVE, which skyrocketed 50X in three days. Today, it hit a new high again, and the new high price reached 18.88, so this dog whale (big manipulator) is already showing its technical moves, and two conclusions can be drawn: the whale is controlled by Chinese people because 8 is a favored number among Chinese, and secondly, the whale is clearly telling you not to fight it. I can precisely control to two decimal places. So, as I said in Monday’s article, don’t play with this kind of whale; you can’t beat him.

Second, the second ord (ORDI) surged 200 yesterday. Many people say it can reach a new high. Brothers, stop dreaming. The previous high was 80, which means a 4,000% increase is needed. Now, who dares to push such a high market cap? It’s just a quick move, and what new story can ORDI tell? There’s nothing at all!

Third, Siren suddenly jumped another 100% today. I previously set up on-chain monitoring for Siren, and it’s said that the top 50 addresses are market makers DWF’s addresses. This monitoring has been running for over half a month, and these addresses haven’t moved. My personal guess is that someone preemptively hijacked DWF’s market-making results! Because the biggest surge + drop happened within just two days. Of course, it’s also possible that market makers and others colluded in this move—this time, they’re harvesting again.

So, overall, you really can’t beat whales in the altcoin market, so be very cautious about risks!

Now, let’s talk about the overall market. Recently, US stocks have been extremely crazy, hitting new highs, and in just two weeks, they wiped out two months of declines. Every day, the NASDAQ has maintained over 2% gains. In the article on April 10, we mentioned that the NASDAQ rose 3 points that day, showing very strong capital momentum!

Moreover, in the past two days, it surprisingly broke a new high and held steady. I truly admire the strength of US stocks! It’s impressive. So, dollar-cost averaging into the NASDAQ is indeed a good choice. Warren Buffett told us this decades ago.

Also, the top US companies are almost back to their previous highs, so the “US stock market” is really strong. I’ve already started researching US stocks earlier, which also confirms my future focus on US stocks. Everyone should keep up with the rhythm.

But looking back at our crypto circle, Bitcoin is still hovering around 75,000 yuan, not daring to break through the key level of 76,000 yuan. Normally, Bitcoin follows US stocks, but recently, it’s been weak. In the past, if US stocks soared, Bitcoin would have already shot up.

Because the market cap of NASDAQ is much larger than Bitcoin’s, when NASDAQ rises 2-3%, Bitcoin should rise at least 5%. Now, NASDAQ is up 2-3%, but Bitcoin only up 1%. What does this indicate?

First, Bitcoin is currently at a critical resistance level of 76,000 yuan, and mainstream funds haven’t entered yet. This level is awkward, needing a big institutional push for retail investors to follow. Otherwise, retail investors have no motivation at this level, especially since the risk of pullback is high.

Second, US stocks are indeed too strong. The real Wall Street mainstream funds are still focused on US stocks. When will Wall Street’s big players enter the crypto market? Probably when US stocks are at high levels, and they see high risk in US stocks. When they think US stocks are risky, some funds might flow into the low-value crypto market.

Many people say this wave is the start of a bull market, but I think it’s not necessarily. The overall environment currently isn’t very favorable. The Federal Reserve definitely won’t cut interest rates in the short term. Although there was a ceasefire for two weeks, the outcome remains uncertain. I think it’s hard to talk about peace. After all, the situation isn’t profitable for either side, and both sides want to maximize their benefits. That’s impossible. I believe the best ending is that both sides drag on until they feel there’s no need to continue the confrontation, and then it just ends without resolution.

US stocks have been surging for two weeks straight, and a correction is very likely. If a correction happens, Bitcoin might dip further. If US stocks continue to surge, I can only say US stocks are amazing—everyone should go play US stocks in the future.

One more point: recently, all altcoins have taken off, but Bitcoin and Ethereum haven’t followed the rise. Usually, Bitcoin and Ethereum lead the surge, then altcoins follow. When altcoins go wild, that’s about the time this wave is ending. So, everyone should be cautious of risks!