Speak briefly about the overall environment and market conditions.

From the on-chain data, let's take a look at the dealer's layout.
1. In the past two days, the inflow of BTC into exchanges has significantly decreased, which is good news for the crypto world.
2. The influx of stablecoins into the exchange has increased in the past two days, but there has been no change from yesterday to today, which is a favourable information indicating sufficient funds.
If there are no black swan events such as war next week, it is still bullish.
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The US April Core PCE was released, which is unfavourable information if it is higher than expected. If it is lower than expected, then it is amazing, and BTC is expected to challenge the previous high!
The U.S. election will start in November. Trump, in order to pump votes, is quite crazy. He stated that he will support the self-custody rights of 50 million cryptocurrency holders in the United States, which will kick out the members of Congress who oppose cryptocurrencies. This is a big Favourable Information for the crypto world.
And then let's talk about AltCoin.
1. Generally, the market will pick up pace about three months after the halving. It has been almost a month since the halving, so in another 1-2 months, it will be around July or August.
2. On November 5th this year, the US presidential election will take place. Distributing money and printing more money is a common tactic. King understands and supports the encryption market, so there will be great opportunities in the two months leading up to the election.
3. The Fed's interest rate cut is definitely happening this year, maybe in September or later, it's hard to say. The later it is, the higher the expectation. There is also a big speculative expectation for ETH's spot ETF in the second half of the year.
4. The season of Fancoin is coming, and various sports events will be held in June and July.
It is very responsible to tell you that every fall is a good opportunity to buy and increase the position. Don't try to buy at the lowest point, no one can do that. Just buy at the corresponding bottom!