The market maker is no longer performing: scam coins are flying wildly, and the US stock market is reaching 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 was pulled up to 18.88, so this dog whale has already shown its technical moves, and two conclusions can be drawn: the whale is controlled by Chinese traders because 8 is a favored number among Chinese, and secondly, the whale has clearly told 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.

The second is about ORDI, which surged 200% yesterday. Many people say it can reach new highs. Brothers, don’t dream anymore. The previous high was 80, meaning a 4,000% increase is needed. Now, who dares to push such a high market cap? It’s just a quick spike, and ORDI has no new stories to tell. There’s simply nothing new!

Third, Siren suddenly jumped another 100% today. Previously, I 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 two days, and I don’t rule out collusion between market makers and others, this time it’s a harvest again.

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

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

And 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, as Buffett told us decades ago.

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

But looking back at our crypto circle, Bitcoin is still hovering around 75,000 USD, even hesitant to break through the key 76,000 USD level. 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 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. 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 USD, and mainstream funds haven’t entered yet. This level is awkward; it needs a big player to push the market up, so retail investors will follow. Otherwise, retail investors have no motivation at this level, especially since the risk of a pullback is high.

Second, US stocks are indeed too strong. The real mainstream funds on Wall Street 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 risks in US stocks. When they think US stocks are risky, some funds might flow into the undervalued crypto market.

Many people say this wave is the start of a bull market. My current view is not necessarily. Because the overall environment doesn’t have many favorable factors. The Fed definitely won’t cut interest rates in the short term. Although there was a ceasefire for two weeks, the subsequent outcome remains uncertain. I think it’s hard to talk about peace; after all, the situation isn’t profitable for either side. Since no one has gained much, both sides will want to maximize their interests, which is impossible. I believe the best ending is dragging on until both sides feel there’s no need to continue the confrontation, then it will just fade away.

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

Another point is that all altcoins are taking off recently, but Bitcoin and Ethereum haven’t followed the rise. Usually, Bitcoin and Ethereum lead the surge, and then altcoins follow. When altcoins are flying wildly, that’s usually the sign that this wave is about to end. So, everyone should be cautious of risks!