Positive statement has come, quite strong! 1. A 24% tariff is suspended for the initial 90 days, but 10% is retained; 2. Necessary measures will be taken to suspend or cancel non-tariff countermeasures against the U.S. starting on April 2, 2025! (Note it’s non-tariff) Although there is still distance to return to the state before the trade war, this progress is definitely what the market is most eager to see. With direction comes hope, with hope comes narrative, with narrative comes capital.
Market trend analysis: $BTC
Bitcoin has risen for the fifth consecutive week, with a weekly close showing a solid bullish line, up 9%, currently the price is approaching the previous high around 106K, and the overall bullish trend continues. However, from a technical perspective, the rapid increase in the weekly line brings 'vacuum' risks that cannot be ignored, one must be wary of a similar long shadow recovery trend as formed last December.
Weekly uptrend + positive news stimulation, watch for short-term pullbacks, the market remains relatively strong, there is no crash, just normal adjustments, buy on dips.
$ETH
Ethereum's popularity surged, with a last week's increase of 40%, but quickly retraced after reaching around 2600 points, indicating heavy selling pressure in the February range of 2600-2800. The weekly bullish line is strong, but there is a short-term need for adjustment.
On the daily level, although the trend is still bullish, there is significant fluctuation at high levels, and some previous bottom-fishing funds have taken profits, short-term consolidation may continue as we wait for new momentum confirmation. The key support is at 2280 points, if held steadily, there is hope to maintain an upward structure.
The 4-hour chart shows that Ethereum is still in a fluctuating upward trend, but the short-term rise is often accompanied by consolidation, the pace is tending to slow down.
Bitcoin is leading Ethereum, and Ethereum is leading the altcoins, it feels like a long-lost small rally. A broad market rally can be confusing, but it actually just needs to clarify the two main trend lines in the current market, with large secondary funds playing $BTC $SOL $ETH, while speculative small funds can just repeatedly play projects in the AI and MEME sectors.
Additionally, $ETH is currently so strong, and there hasn't been a single golden dog on-chain, so it can be paid more attention to.
The market has returned to a long-lost state of dual greed, just a step away from extreme greed.
It seems it only took a week for the bear market to turn into a bull market, the MEME sector has fully exploded, bringing back the flavor of a bull market.
Large-cap MEMEs to watch include DOGE/SHIB/PEPE;
Small-cap MEMEs to watch include BOME/Neiro/PNUT
Meme coins at the grassroots level can pay attention to a bunch of on-chain PVP, like Hippo, CZ Dog, MUBARAK, there are too many to count.
$FROGGER
The top spot is occupied by V God, the project party gave him 15% of the tokens, currently the fourth most valuable meme in V's wallet, if it continues to rally, it will become the most valuable new meme in V's wallet. This play reminds me of last year's $TROG that gave 50% to Trump.
Recently, ETH's market has warmed up, and the frog theme has always been a favorite IP among Ethereum players.
If the market cap is pushed directly higher, then V God will notice, and next will be selling coins to crash the market, the out-of-circle routine.
V God has always had huge traffic for market crashes, last year the same routine with $neiro $moodeng (ETH) $GUA started at a minimum of 10M with community support.
I've noticed that the project party has recently started to take action, there is a community, and $COCORO (a new meme on ETH that recently exceeded 10M in valuation) has top smart money in it.
0xe778FD9a8d074e4a808092896B33FE3D3452c125
$PLUME
Now exceeding $0.20, so the state is very good.
ATH is approaching the resistance level of $0.25, if it breaks through, it will be above $0.30 and $0.40.
Plume is an RWA Layer1, mainly engaged in RWAFi, with a good background and many collaborations with institutions, and strong backing.
$FLOKI
After triggering the last oversold signal, the price broke through both the formation and EMA55 double resistance in one go, then retested EMA21 to complete the support-resistance swap, with a bullish line breaking through again, the rhythm is very standard.
When the initial movement of a coin is 'standard' enough, the subsequent movements will continue in that standard rhythm, worth continuing to pay attention to.
In simple terms, the strong will remain strong.
This week's market may not be very calm, there are several major events to keep an eye on.
The CPI data will be announced at 4 PM on Tuesday, this reflects the inflation situation and directly relates to whether the Federal Reserve will cut interest rates, the market will definitely tremble.
On Wednesday, Waller from the Federal Reserve will speak, if he lets slip anything, both the stock market and the crypto market will sway.
Thursday will be the most exciting, with retail data, manufacturing index, and PPI inflation data coming out at 4 PM, followed by Powell taking the stage ten minutes later, this old man can make the market jump with just a word.
Friday will be a breather, with no important news. These data, especially the inflation indicators, combined with the rhetoric from the Federal Reserve folks, can make the market and cryptocurrencies jump up and down at any moment, so those holding positions should not sleep too soundly these days.
