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Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Wednesday, May 21, 2025, I am Wang Yibo! Good morning, crypto friends ☀ hardcore fan daily attendance 👍 Give a thumbs up and make big money 🍗🍗🌹🌹
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On Tuesday, the US stock market saw all three major indices close lower, reflecting a gloomy atmosphere. The Dow Jones fell by 0.27%, the S&P 500 dropped by 0.39%, and the Nasdaq also decreased by 0.38%. Individual stock performances showed clear polarization, with Tesla rising against the trend by 0.5%, as the new energy vehicle sector remains a market favorite; however, tech giants Nvidia and Apple fell by nearly 1% due to industry competition and changing product expectations putting pressure on them. As for Chinese concept stocks, the Nasdaq Golden Dragon China Index dropped by 0.65%. Alibaba rose by 1.8% thanks to business expansion, but ZTO Express plummeted 8% due to industry competition and soaring costs!
At present, the US market is like "walking a tightrope", on one hand worrying about a downgrade in credit ratings, leading to capital flight and skyrocketing financing costs; on the other hand, it has to maintain the appearance and stabilize market confidence. The future direction of the US economy depends on how tariffs and monetary policy are balanced, as well as who will win the "policy battle" between Trump and Powell. If Trump continues to wield the tariff stick and trade agreements fall through, the US economy may fall into a deeper quagmire; if the Federal Reserve's monetary policy remains ineffective, the market will face a "famine" for funds, and both the economy and the stock market will suffer! The dot plot from the Federal Reserve in June and the tariff policy in July, once these two "big bombs" are launched, the global economic landscape will tremble!
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The price of bitcoin staged a period of ups and downs. After the currency price stepped back slightly to the 104100 line, the bulls quickly recovered and started a strong rebound recovery journey. As the bulls continued to advance, the price of Bitcoin went all the way up, and by the early hours of the morning, it was even more volatile and touched a high of 107292. However, there was strong pressure here, and prices came under pressure. However, the market did not extend its decline in the morning, but ushered in a rebound again, the pullback momentum weakened significantly, and Bitcoin also attacked the 107000 mark again. Judging from the daily level, bitcoin is in a state of correction at a high level. Yesterday, the candlestick closed out of a small black candle accompanied by a long lower shadow, which shows that the support below is strong, and the bears have strength, but they have not been able to effectively suppress the price. This morning, the price of Bitcoin achieved a local repair at a high level with a mid-yang line, but the overall daily rally began to slow down, which means that the market has entered a period of adjustment. Switching to the four-hour level, the price of Bitcoin fluctuates in a wide range, repeatedly fluctuating between the upper and lower bands. The early morning retreat and the recovery of the shock this morning constitute the rhythm of the common adjustment pattern of local small cycles. This volatility does not necessarily signal a change in trend, but rather a common correction pattern in the market during an upswing. Despite the short-term correction, judging from the overall trend, the main direction of Bitcoin is still a bullish trend.
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Ethereum's price experienced violent fluctuations last night, dropping to a low of 2438 at midnight. However, the bulls made a strong comeback in the early morning, pushing the price up to a high of 2526. From a daily perspective, yesterday's K-line closed as a small bearish candle with a long lower shadow, indicating strong support below. This morning, a medium bullish candle achieved partial recovery, but the overall upward momentum has slowed down, and the market has entered an adjustment phase. However, this adjustment has not changed the overall bullish trend. The drop in the early morning and the recovery later constitutes a common adjustment pattern in a small cycle, which is a normal repair process during an upward trend. Keep a close eye on Ethereum's subsequent stabilization. Once the adjustment is completed and a breakout occurs, it may bring a new round of investment opportunities.
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