The weekly trend background is a mid-term bull market, currently in an adjustment period, with a closing formation indicating a bearish pattern with reduced volume. However, the lower bound is within a strong support zone from the previous 238-day consolidation period, making it likely to continue within a range of fluctuations.

The daily trend background indicates a downward continuation. The support below is strong, representing the third attempt to test the low support level. If there is another clear signal indicating a halt in the decline, the probability of forming a bottom will continue to increase, thus enhancing the possibility of a reversal. We should observe whether the buying volume strengthens in the subsequent period.

Macroscopically, there is a strong expectation of interest rate cuts in July, September, and November, while the Ethereum Prague upgrade is tentatively set for April 30. The expectations for interest rate cuts in May and June are beginning to weaken, leading to an overall low market sentiment. As the saying goes, the long-term trend is difficult to be controlled by major players; at most, they can influence the short-term trend. If there is no change in the long-term trend, it is advisable to hold patiently or gradually increase cash flow during this period for accumulation.