When Bitcoin approached around 95,000, it encountered resistance. Currently, there is no willingness to further break through this position, so we believe this position will continue to oscillate for a while. If there are negative factors in May, it may still test the bottom support and then start the real bull market.

The current strategy is very clear: as we enter May, buy on dips, make significant purchases during major declines, and hold until Q3 and Q4; you will see big results. Currently, without clear innovative plays, actively participate in the strongest rebound coins, which must have strong backing. When the market comes, they will rise first.

Let’s talk about today’s key points:

1. This week’s large unlocks:

Optimism ($OP) will unlock 31.34 million tokens on April 30, worth about $24.32 million, accounting for 1.89% of the circulating supply;

Sui ($SUI) will unlock 74 million tokens on May 1, worth about $259 million, accounting for 2.28% of the circulating supply;

Ethena ($ENA) will unlock 40.63 million tokens on May 2, worth about $13.98 million, accounting for 0.73% of the circulating supply;

2. In the past two days, there has been crazy PVP around real estate and the bonk pump platform on-chain, but there aren’t many good targets. Currently, in this market, it’s better to watch than to participate too much; opportunities are created by waiting, not by pumping.

3. Alpaca finally crashed on CEX at 3 a.m. with a large bearish candle dropping about 50%. Now, the small-cap coins on Binance are all controlled by large traders, and retail investors find it extremely difficult to gain profits.

4. The U.S. SEC has approved three futures ETFs for ProShares Trust’s $XRP ETF. XRP has been very strong, and when it pulls back, it doesn’t drop much, making it suitable for major funds to focus on.

5. Sun Gefa posted a message recommending $JST, believing it will be the next 100x coin. The recommendation is to offload; however you FOMO in, that’s how it will drop back down.

6. Binance Alpha will launch Haedal Protocol (HAEDAL) for the first time, with trading starting on April 29. Haedal is a liquid staking protocol in the Sui ecosystem.

7. Vitalik stated that account abstraction is only half completed, aiming to make non-ECDSA accounts mainstream.