4.30 Morning Market Overview:
Bitcoin is once again approaching the critical level of 93,500, which is seen as the “watershed” that determines a bull or bear market. Currently, the forces of bulls and bears are engaged in fierce competition: on one hand, ETF funds are continuously flowing in, and institutions are locking positions to build a solid support base; on the other hand, leverage liquidation and geopolitical risks are like a “high wire,” potentially triggering a sharp market drop at any moment. The current price is forming a baiting upward pattern near 95,000, so pay attention to the support levels!
Ethereum is continuing to oscillate within the 1700–1900 range on the daily chart, with the MA60 being tested repeatedly. The MACD is gradually approaching the zero line, and once it stabilizes above, it will enhance the upward trend, with a subsequent challenge to the 2000 USD resistance level expected. If there is a short-term pullback to around 1700, it presents a buying opportunity for spot trading.
🔥 Hot Updates:
1. New projects launched: BN Alpha has launched Milk (a liquidity staking protocol in the Cosmos ecosystem) and Haedal (a staking protocol in the Sui ecosystem); the BN wallet also supports the BTC ecosystem project Bsquared Network.
2. Layer sector fluctuations: Some “pumped stocks” in the Layer sector have reached new highs, with the controlling party managing at least 25% of the circulation.
3. Meme sector volatility: Trump tokens have plummeted due to news that Truth Social, under Trump, will issue a new coin, potentially diluting the old coins.
4. On-chain Meme conspiracy: Coins like House, Hosico, Troll, and Neet have surged, with House’s market cap nearing 100 million USD, and well-known player Ansem continues to increase holdings. There are also rumors that a female lead will issue a coin, usually seen as a signal of the end of a market cycle.
