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🔥Bitcoin is in a Sideways trend, Ethereum is leading the rebound of alts, lying in ambush for 100% big pump Tokens!
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The price trend of Bitcoin is overall showing a sideways fluctuation, with the price oscillating within a certain range, currently around 94352.5. The market has seen important patterns at multiple points, such as the bearish engulfing pattern, indicating that there may be a risk of a decline in the short term.
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🔥In the short term, the market has just gone through a round of rise and has entered a consolidation phase. The AO and MACD indicators suggest that the market may show signs of stabilizing and rebounding, but the balance of buying and selling forces keeps the market in a wait-and-see state. Support and resistance levels indicate that the current market maintains an optimistic sentiment and has strong upward momentum.
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Suggestion: Given that the market has been moving sideways recently, there may be signs of adjustment and potential rebound opportunities in the short term. Pay attention to the key support at 93777 and resistance at 95768.6, especially the stability of the support level. If the price continues to rise, consider going long in the short term and setting appropriate stop-loss points.
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🔥【ETH may retrace to 1650, otherwise it will be unable to rise】 Everyone has seen that $ETH has been performing strongly recently due to ETF purchases, and the market's retail investors have followed suit, leading to a strong price surge that has already deeply hurt the hearts of E guardians. However, things are different now as ETF purchases have made the price exceptionally robust. ETH has begun to break through previous highs, with a 24-hour increase of 3%, currently reported at 1846 USD. I still maintain the previous viewpoint; 1895 is a strong resistance level. The daily chart has shown a piercing pattern at the top (weaker than BTC), so it's advisable to reduce positions. Consider re-entering long if it retraces to 1650.
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As for the future of ETH, it's up to individual interpretation. It is still worth it, as long as you manage the risks well! While reviewing just now, I suddenly realized a problem: if you, like me, bought $ETH at 1800 on April 5th and did not make any moves in between, just held on, you would just now be breaking even.
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The general direction is betting on the Ethereum upgrade in June, anticipating interest rate cuts. Currently, all major bloggers in the network are bearish, and this consistency is a problem. The core focus of alts at the moment:
1. There haven't been any major changes on the macro level, trade negotiations are ongoing, and if no agreement is reached by July, Trump has stated that the relevant tariff policies will continue to be implemented.
2. Yesterday continued to welcome a Rebound market, $Trump led the meme to maintain its rebound, and currently $pengu $bonk $tubo $pnut and others are performing relatively strong.
3. The AI sector has seen a significant rebound after a sharp decline, with $ai16z, $aixbt, $virtual, and others experiencing a considerable rebound. After a 3-month drop, it only took less than a week to rise.
4. Sol chain Recently, the golden dog has been frequently appearing, yesterday $house exploded in the circle, this is a project that hedges against the real estate market, previously the market cap had been stable around 7M, but suddenly it was pulled up yesterday, and the FDV directly reached 55M+.
5. The new meme platform #lestbonk launched by BONK saw its FDV soar to around 30M after its birth, currently it's less than 10M. If there's short-term FOMO, be sure to take profits.
6. Growth of stablecoins; USDT (14.7 billion), USDC (62 billion) market capitalization continues to rise, indicating capital inflow.
CEX operation: $alpaca uses contract fee rate of -2% for 1 hour to settle the pump in spot market, forcing a short squeeze.
====================== 🔥 A batch of established alts has already completed the full cycle of overbought—oversold in this round, with BSV showing the most typical trend. Interestingly, in this rebound, the strength of many established coins has clearly outperformed ETH. #BCH反弹了 54.62%,# BSV has risen nearly 93.88%, #SOL回升了 42.67%,# AAVE has risen 51.72%... You can continue to pay attention to these leading established coins in the rotation...
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At present, we have experienced the worst of the macro environment, and now it has basically recovered, and after the market continues to adjust and completely restore confidence, the market will begin to change from a rebound to a reversal. If the interest rate is not cut in May, then the interest rate will be cut in June, and when the time comes, the market will be on the verge of breaking out with the introduction of relevant policies such as relevant negotiations, so the whole May and June is a good time to make a dip layout. Let's talk about the target that Lao Chen thinks is good: Logic 1 Crypto has no community, only hot spots Logic 2 American politics and macro will be the main hot spots of this wave of market Logic 3 Hot spots determine the direction, and the number of large exchanges on the board determines the liquidity basis Logic 4 The advantages and disadvantages of the two targets of Trump and Pnut are obvious, and the advantage is that the relationship is the most direct/Mingzhuang; The disadvantage is that I don't know how this Mingzhuang is going to play, and I will pour it directly or pull a wave of water. For security reasons, PNUT was chosen.
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🔥Next Wednesday's PCE inflation data is coming, and this time the data looks very Bullish. The market expects PCE to drop sharply by 0.3% from the previous value to 2.2%, and core PCE is also expected to plummet by 0.2% to 2.6%, both returning to normal levels. This likely indicates the success of the Federal Reserve's fight against inflation and the beginning of interest rate cuts, a significant part of which is actually due to the tariff recession crisis, which will greatly increase the probability of the Federal Reserve cutting interest rates, a silver lining from a disaster. The first interest rate cut by the Federal Reserve is crucial and signals the start of a bull market; let's hope everything goes smoothly.
#trump# #alpaca# #sui# #eth# #btc#