The trend of Bitcoin is already very clear; this wave of increase is precisely targeting a historical high, and I am judging this from the weekly level—the weekly chart represents the long-term trend. Although it is still rising overall, the opportunity for long-term positioning emerged as early as the end of the bear market in 2022. At that time, many people were still bearish, resulting in a missed best entry timing.
In the trading market, the longer you survive, the more opportunities you will have; to survive, you must learn to distinguish between bulls and bears, identify trends, judge tops and bottoms, and act accordingly. Finally, I want to reiterate: you may not go long, but you absolutely should not blindly go short.
Recently, there are many short-term opportunities in the crypto space, so here's a small summary of the secondary market.
Bitcoin successfully encountered resistance at $95,000 for the first time, and short positions were successful. A second retest of $95,000 can still be shorted with small positions, targeting $93,000, but strict stop-loss measures are necessary; overall, the focus is on short-term operations.
Ethereum spot continues to be held, planning to hold until reaching a high point before the upgrade on May 7. Small coins have great potential for rebound, and PEPE's performance is optimistic.
After XRP skyrocketed, it has risen 6%. It is recommended to take profits at higher points and exit completely before the futures ETF launch on April 30. OZK will announce favorable news on April 30 and May 7, which can be used for small spot positions at low prices.
Additionally, Tether has again issued 1 billion USDT today, showing clear signs of hot money flowing back. However, due to the previous large increase, it is recommended to gradually take profits at higher points.
Recent strategy: after taking profits from SOL, it has been switched to PEPE and ETH, with PEPE contracts being shorted and spot holdings halved, while ETH is held until the upgrade, waiting for a target above $2000. In the coming two weeks, focus on capital movements and market changes.
The Rise of Twenty One: A New Force in Bitcoin Capital
In April 2025, a new Bitcoin giant called Twenty One was quietly born, holding 42,000 BTC on its first day, backed by three major forces: SoftBank, Tether, and Cantor Fitzgerald. Unlike MicroStrategy, Twenty One is created specifically for accumulating Bitcoin, free from traditional business burdens, aiming for more efficient, low-cost, large-scale accumulation of BTC, directly challenging MicroStrategy's first-mover advantage.
SoftBank is trying to reshape Japan’s capital status through Bitcoin; Tether is laying out the endgame for Bitcoin, surpassing the dollar system; Cantor acts as a Wall Street outpost, betting on the future currency order. The competition between Twenty One and MicroStrategy is superficial, but essentially it is the prologue to global capital restructuring and the reconstruction of the monetary system.
Bitcoin is no longer a fringe asset; it is absorbing global power and becoming the new foundation of the future financial world.
Recently, Binance Alpha announced the launch of the Solana chain MEME coin TROLL, which soared 50% within 24 hours, with a market cap exceeding $25 million, becoming a microcosm of the latest crypto frenzy. Coupled with the explosive effect of Musk's tweets, community hype, and capital manipulation, the Troll token quickly rose to fame, not only replicating the explosive trajectory of Pepe coin but also bringing the 'troll' internet culture symbol into the mainstream.
The Risks of MEME Coins Under the Illusion of Pump Fun Prosperity
Pump Fun, as a one-click token issuance platform on the Solana chain, has greatly lowered the threshold for token issuance, promoting short-term prosperity in Solana: over the past 30 days, it attracted $205 million in inflows, with total revenue exceeding $613 million.
However, on-chain data shows that over 80% of MEME coins have a lifespan of less than 48 hours, with 40% lasting even less than 5 minutes. Phenomenal projects are rare, with over 95% having liquidity below $500, and whale manipulation and KOLs cutting leeks are common.
Essentially, Pump Fun has pushed Web3 into extreme short cycles, high risk, and zero-sum games, with investors participating like 'passing the buck'; the risks of MEME coins are even higher than contract trading.
Currently, many altcoins present short-term buying opportunities.
ENA is performing well in the $0.32–$0.33 range, suitable for positioning.
STX has already taken profits last week; if it pulls back to $0.75–$0.80, it can be re-entered.
SUI, despite large unlocks, is strong in price, with $3.35–$3.40 as strong support.
TRUMP has generally weak fundamentals, but there is short-term volatility potential. $12 is a key support level, and small positions can be tested near $13.50.
If TAO drops to $340, near the trend reversal point, it is suitable for buying.
ONDO is forming buying opportunities in the $0.88–$0.90 range.
Overall, the 4-hour trend remains bullish. Although most coins are just rebounding in the short term and have not truly reversed, the long-term outlook is still optimistic.
As for why?
The answer is—bulls are still here.
That's it for the article! If you're confused in the crypto space, why not consider strategizing and harvesting with me!
