With the US-China trade talks over, is Bitcoin entering the banana zone? E guard also turned gorgeously

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ABMedia
05-12
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After the US-China trade negotiations ended, President Trump's advisors announced that the negotiations made "substantial progress" but did not provide many details. The Coinglass Fear and Greed Index has reached 70 in the greed zone, with Bit attempting to challenge 105K over the weekend, leading the gains ahead of risky assets like US stocks. Has the "Banana Zone" proposed by macro investor Raoul Pa arrived? After two days of negotiations in Geneva, US Treasury Secretary Becent and Trade Representative Jamieson Gree stated they would share more information on Monday. Gree told reporters that "differences may not be as large as imagined." Chinese officials expressed a similar view at another press conference on Sunday, saying the talks achieved "good and sustainable development" of US-China relations. The Coinglass Fear and Greed Index has reached 70 in the greed zone, with Bit attempting to challenge 105K over the weekend, leading gains ahead of risky assets. Has the "Banana Zone" proposed by macro investor Raoul Pa, describing a "banana-shaped" trend chart when Bit enters a crazy upward phase, arrived? Bit price strengthened, crypto market sentiment heated up, and global funds rushed into spot Bit ETFs. BlackRock's IBIT performed most brilliantly, recording net capital inflows for 20 consecutive trading days and attracting Wall Street giants like Goldman Sachs to expand their layout. Additionally, BlackRock submitted revised documents for ETH (ETHA) and Bit (IBIT) ETFs after meeting with the SEC crypto working group, adding hope to crypto ETF progress. Bloomberg ETF analysts expect the SEC to approve physical creation/redemption crypto ETFs this year. ETH recently surged strongly, breaking through $2,600 over the weekend for the first time since late February. Recently, the term "E Guards" quietly became popular on platform X. It not only represents a group of steadfast ETH supporters but also completed a gorgeous transformation from "joke" to "belief" in just a few days. This week's focus will be on US CPI inflation data on Tuesday, UK and Eurozone GDP data on Thursday, followed by US unemployment claims and PPI data. The market will also pay attention to Federal Reserve Chairman Jerome Powell's speech on Thursday. Risk Warning: Crypto investments carry high risks, with potentially extreme price volatility. You may lose all principal. Please carefully assess risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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