Canada's Industrial Product Price Index MoM for May

Outside to touch some grass and get some air.

WHALE WATCH: TRADER 0XCB92 SITS ON $12.15M PROFIT AFTER SHORTING 40K ETH WITH 10X LEVERAGE, EARNS $172.8K IN FUNDING FEES

Recently, the market has shown obvious characteristics of range oscillation, exhibiting a fluctuating trend for two consecutive days. The upper limit of the range is gradually moving down, while the lower limit is slowly rising, forming a contracting triangle pattern. The breakout direction of this contracting range often determines the development trend of subsequent movements. The midday market first broke through the range upwards, continued to rise and tested the resistance above successfully, but then encountered strong resistance from a triple pressure level (similar to the previous 108900 point which also faced a triple pressure level). Triple pressure levels have always been difficult to break through, so the evening market began to move down directly from the 106100 point. After the evening market broke through important support, the trading volume significantly increased and continued to weaken. Although influenced by fundamental factors, this did not change the development direction of the technical trend. The price has consecutively broken through three important support levels: the daily low, the previous volume low of 103300, and the 102600 level. This has formed a trend characteristic of "threefold pressure holding followed by breaking through threefold support." The current trend has strong continuity, and although it may break below the 100,000 integer level, considering the approaching weekend, the market is likely to enter a range-bound fluctuation mode. It is recommended to first focus on the range trend and adjust specific strategies after the market opens next week. The current upper limit of the range to watch is around 104300, while the lower limit is around 101800. Bitcoin may seek direction within this range in the short term.

In the rapidly evolving ecosystem of Web3, flashy promotions and false hype often obscure the true value. When investors are attracted by hype and marketing, the foundational technologies that truly support the operation of the entire ecosystem tend to be overlooked. The WalletConnect protocol is such an example, as it serves as a key technological infrastructure for the interoperability of Web3 wallets, silently supporting countless users' on-chain interaction experiences every day. It is thought-provoking that despite the widespread application of this technology, the market performance of its token WCT has failed to reflect its actual value, currently operating at a low level. This dislocation between value and price precisely illustrates the contradiction between the market's short-term vision and long-term value. For participants with a long-term vision, this misalignment may be just the opportunity for value discovery. As the protocol's functionalities continue to improve and the ecosystem expands, the market will ultimately recognize the core value of these infrastructures. In Web3 investment, we should perhaps focus more on technologies that have already proven their value in real-world environments, rather than just chasing concepts and trends. This is precisely the embodiment of value investing philosophy in the emerging technology sector.

For cryptocurrency investors, finding tokens with enormous growth potential has always been a primary goal. Currently, there is a relatively low-profile token WCT in the market, with a current price of only $0.33, but its development logic and potential are worth in-depth analysis. In the current market environment, WCT seems to be in a relatively low price range, which may provide a potential entry opportunity for investors. It is worth noting that the best time to investigate is often when assets have not yet attracted widespread attention; once the price rises to higher levels and gains market popularity, the opportunity cost will significantly increase. The value of WCT mainly lies in its actual application scenarios, active user traffic, and a complete ecosystem behind it. These factors make the value support of this token not only based on market sentiment but also on substantial application foundations. From a long-term development perspective, based on its current development path and market positioning, WCT may experience significant price fluctuations in the coming months. This expectation is not unfounded, but rather a reasonable speculation based on its project planning and market development trends. For investors looking for potential high-return assets, tokens that have not yet gained widespread attention but have a solid foundation may be worth considering. Of course, any cryptocurrency investment should be made based on a thorough understanding of the project's fundamentals, combined with one's personal risk tolerance.