On Monday, a weekly candlestick formed with a small upper shadow, with a slight pullback after opening, reaching a minimum of around 92800. A deeper pullback is expected in May; it is recommended to prepare bullets in advance and layout trend positions as the market is about to enter a reversal phase.
The overall view remains unchanged: continue to be bullish in the second half of the year and patiently wait for opportunities to arise!
Ethereum's support is around 1685; it has not yet confirmed a retest, so keep an eye on it and consider entering on a rebound!
On altcoins: Over the weekend, I mentioned waiting for Ethereum to finish adjusting before entering the market, but after seeing good trends in Uni and Usual, I started entering on Saturday. Although the market did not sustain, and the pullback was about 10%, it is still within a normal range to continue holding. Recently, the Ai + Meme sector has had significant gains, with corresponding deep pullbacks, mainly stemming from Q1 adjustments. The current overall market trend is bullish, and it is recommended not to chase rises and sell on dips, but to patiently hold onto your coins.
Reviewing the bull market, altcoins typically only see two real surges, occurring in October 2023 and November 2024, with each index rising from below 20 to above 80. Now, the altcoin index has hovered within 20 for several days, and a third surge may be imminent.
The current strategy is clear: after entering May, buy on dips, increase positions during major drops, and hold until Q3/Q4 to reap significant results. When there are no innovative plays, focus on participating in the strongest rebounds of coins, which usually have strong support and will rise first when the market starts.
Hotspot tracking:
1. Bn is about to launch a decentralized electronic signing platform EthSign, funded by BN Labs, a project with a Chinese background.
2. The public chain Sui will have a major unlock of 270 million this week, and the ecological project WAL has reached a new high. BN Alpha will airdrop the Sui staking protocol Haedal.
3. The Meme sector remains hot, with House's market cap approaching 100 million, driven by major players Ansem and Him; the on-chain AI sector is temporarily lagging behind the Meme concept.
Yesterday, Sun started calling trades again.
However, this time it’s about $JST: anticipating a hundredfold growth, JustLend and USDD provide strong support.
On April 27, Sun Yuchen stated that JST (JUST) has achieved a fundamental reversal, indicating its potential to become the next hundredfold token.
As a result, JST rose by 31%, currently reported at 0.042. JustLend has become one of the largest lending platforms, with net profits in the tens of millions of dollars, while USDD has also achieved explosive growth. JST has now integrated Tron’s AAVE and MKR models, with annual net profits continuing to grow, and expected revenue next year to exceed 100 million dollars. Sun Yuchen also stated that he will buy back and destroy JST tokens at an appropriate time.
The highly popular $House meme coin yesterday arose from skepticism about the real estate market, predicting its eventual collapse. The token name cleverly combines the concept of 'house,' referring both to physical buildings and financial speculation, reflecting people's panic over the impending real estate crisis. It represents distrust in the traditional financial system, capturing the zeitgeist of market volatility and economic uncertainty.
That's it for the article! If you are confused in the crypto circle, consider joining me to layout and harvest from the big players! Comment 168 for constant updates.
