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 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.

The second is about ORDI, which surged 200% yesterday. Many people say it can reach a new high. Brothers, don’t dream anymore. The previous high was 80, meaning it still needs to rise 4000%. Now, who dares to push such a high market cap? It’s just a short-term wave. And does ORDI have any new stories to tell? Absolutely none!

Third, Siren suddenly jumped another 100% today. Previously, there was an on-chain monitoring of Siren, which showed 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 it’s also possible that market makers colluded with others in a coordinated action—this time, to harvest again.

So, overall, you really can’t beat whales in altcoins, so be very cautious about 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 flow!

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—Warren Buffett told us this 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, so everyone should keep up with the rhythm.

But looking back at our crypto circle, 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. 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. But now, Nasdaq is up 2-3%, and 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; it needs a big player to push the price 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 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 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 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; given how things have turned out, neither side has gained much. If negotiations happen, both sides will want to maximize their benefits, which is 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 rallying 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 consider trading 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 rally, and altcoins follow. When altcoins start flying wildly, that’s usually the sign that this wave is about to end. So, everyone should be cautious about risks!