I. Market Overview
Bitcoin (BTC) is currently in a sideways fluctuation state. Meanwhile, the pace of new coins being listed on major exchanges is accelerating, but the market capitalization of new coins continues to decline. The U.S. stock market is showing a downward trend, while gold prices have reached historical highs, reflecting increasing market concerns over escalating trade frictions.
II. Market Hotspots
The public chain Bera is rising
The Bera public chain has performed well recently, with prices continuing to rise. Its DeFi mining returns are quite attractive, drawing in a large number of investors participating in mining through contract hedging. Under these circumstances, there is a possibility of the market being driven up.BSC chain Meme coin dynamics
Meme coins on the Binance Smart Chain (BSC) like Mubarak, Broccli714, Tut, and Banana are attracting attention. Previously, market expectations only involved two of these coins, but in actual performance, the smallest market cap coin Tut has seen the most significant increase, while Mubarak has seen a price drop due to dispersed capital. This change is positive for BSC chain Meme infrastructure like FORM.Gunz project launch
Binance Launchpool has launched a AAA crypto battle royale game, Gunz. This game is developed on a game-specific public chain based on the Avalanche public chain, and it is highly anticipated due to its unique gameplay and strong technical support.Kiloex IDO
Binance Wallet is conducting the Kiloex IDO. Kiloex, as a decentralized exchange (DEX) on the BSC chain, has a market capitalization of 100 million USD and is often compared with GMX. However, market feedback shows that the profit effect of the IDO is gradually weakening.Meme coin Ghibli on Solana chain surges
The Meme coin Ghibli on the Solana chain has seen a significant price increase and has successfully landed on Binance Alpha. Ghibli features AI-generated photos in the style of Studio Ghibli, gaining widespread attention on social media through multiple celebrity retweets, driving its market value up rapidly.
Today's news
Trump's new tariff policy has triggered market panic, gold prices have hit new highs, and the U.S. stock market has dragged the crypto market down continuously.
Key timestamps this week: April 2nd, final draft of the tariff plan announced; April 4th, non-farm payroll data released. The current market is digesting the negative sentiment brought by Trump's tariff policy.
The market continues to decline, on-chain data shows light trading, and liquidity has dropped to a freezing point.
The rotation of SOL/BNB on-chain Meme coins is accelerating, but lacks sustained market momentum.
Expectations for the BSC ecosystem have fallen short, with coins like Mubarak not receiving official support.
In a generally declining market for centralized exchanges (CEX), DeFi tokens like REZ, UFT, and LAYER are performing strongly against the trend.
The Monad project NFT airdrop claims have exceeded 600,000; it is recommended to maintain interaction.
This week’s large unlock warning:
OP: 31.34 million tokens (accounting for 1.93% of circulating supply), approximately 23.8 million USD;
SUI: 64.19 million tokens (accounting for 2.03% of circulating supply), approximately 152 million USD;
W: 1.39 billion tokens (accounting for 47.4% of circulating supply), approximately 117 million USD.
Ethereum is facing continued selling pressure, and the community is expressing dissatisfaction with Vitalik Buterin's recent remarks and actions.
The on-chain infrastructure for token distribution, Sign, has announced that it will update TGE (Token Generation Event) information within 48 hours.
Bitcoin and Ethereum market analysis: BTC, ETH highlights for today
Market Review
Over the weekend, BTC continued to decline, breaking key levels, possibly related to expectations of tariff policies in early April, with capital fleeing to the sidelines. Expect consolidation during the day; it is recommended to wait patiently for stabilization before taking action. Long-term expectations remain, maintain confidence.
Ethereum (ETH) has followed BTC downwards with a significant drop, breaking through the fluctuation range, indicating poor signals. Expect sideways consolidation during the day; the market is sluggish, and it is advised to wait patiently for stabilization.
Altcoins are following mainstream coins downwards, with most coins experiencing significant declines. It is recommended to wait for stabilization of mainstream coins before taking action, focusing on primary market opportunities. Activity on the BSC chain has increased; consideration can be given to following BSC ecosystem coins; activity on the SOL chain has somewhat recovered, suggesting attention to Meme coins, and those with trapped assets should wait patiently for market recovery.
Today's Highlights
BTC: The 1-hour and 4-hour levels have entered the oversold zone, and the daily level is below a healthy level. Expect consolidation during the day, with a longer-term outlook still in play. Downward support at 81,000-81,500, upward resistance at 83,000-83,500.
ETH: The 1-hour and 4-hour levels have entered the oversold zone, and the daily level is below a healthy level. Expect consolidation during the day. Downward support at 1,750-1,800, upward resistance at 1,850-1,900.
