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,妖币 (Yao Coin) has been soaring, US stocks are going crazy, and everyone is shouting “The bull market 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 coin has already shown its technical pattern, and two conclusions can be drawn: the whales are controlled by Chinese investors because 8 is a favored number among Chinese, and secondly, the whales are clearly signaling, “Don’t mess with me, I can precisely control to two decimal places.” So, as I said in Monday’s article, don’t play with these whales; you can’t beat them.

Second, the ORDI token surged 200 yesterday. Many people say it can reach new highs. 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 pump, and there’s no new story to tell about ORDI—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 and drop happened within two days, and it’s also possible that market makers colluded with others—an orchestrated move to harvest again.

So, overall, you really can’t beat whales in the altcoin game, 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. They’ve been rising more than 2% daily (Nasdaq). In our article on April 10th, we mentioned that the Nasdaq rose 3 points that day, showing very strong capital flow!

Moreover, in the past couple of days, it even 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.

Most of the top US companies are also approaching their previous highs, so the US stock market is really strong. We’ve already started researching US stocks, which confirms our future focus on them. Everyone should keep up with the rhythm.

But looking back at the crypto market, Bitcoin is still hovering around 75,000 yuan, even hesitant to break through the key 76,000 yuan level. Normally, Bitcoin follows US stocks, but recently, it’s been weak. Historically, if US stocks take off, Bitcoin would have already soared by now.

Because Nasdaq’s market cap is much larger than Bitcoin’s, a 2-3% rise in Nasdaq usually means at least a 5% rise in Bitcoin. But now, Nasdaq is up 2-3%, and Bitcoin only up 1%. What does that indicate?

First, Bitcoin is currently facing a critical resistance at 76,000 yuan, and mainstream funds haven’t entered yet. This level is awkward; it needs a big institutional push to attract retail traders. Otherwise, retail investors have no motivation at this level, especially with high risk of a pullback.

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

Many people say this wave marks the start of a bull market. My view is not necessarily. The overall environment isn’t very favorable right now. 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 unlikely to reach a peace agreement. After all, the situation is such that neither side has gained much. If negotiations happen, both sides will want to maximize their benefits, which is impossible. I believe the best outcome is that both sides drag on until they feel there’s no need to continue confrontation, then let it go—this would be the best ending.

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 rally, I can only say US stocks are amazing—everyone should consider trading US stocks in the future.

Another point: recently, all altcoins have taken off, but Bitcoin and Ethereum haven’t followed suit. Usually, Bitcoin and Ethereum lead the rise, then altcoins follow. When altcoins go wild, that’s usually near the end of the wave. So, everyone should be cautious about risks now!