Powell mentioned last night that digital currencies are gradually entering the mainstream, and he is optimistic about stablecoins; however, he has consistently blamed the downturn on Trump's tariff policy, stating there are no plans to cut interest rates to save the market soon. (The ongoing sentiment will still depend on the GDP economic data at the end of the month.) Powell's stance is neutral to hawkish with a small dovish tone, while Trump plays a good game of Tai Chi. The latter's dovish tone stabilizes the sentiment towards crypto, so naturally, BTC remains volatile.
I wrote in my article yesterday: 84,900 USD became the key breakthrough point; if it cannot break through, it may form a head and shoulders top pattern. If it can't hold, it is recommended to focus on high shorts. Currently, the 4-hour chart clearly shows a head and shoulders bottom pattern, fully aligning with my prediction.
Bitcoin
Currently, with BTC at 83,000 USD, downward space cannot be ruled out, but there is no need to panic. Because below 80,000 USD remains an excellent buying zone, the ideal bottom-fishing position is between 78,000 to 80,000 USD. The 4-hour chart currently shows a bearish trend, and after forming a head and shoulders bottom, it is a good time to short.
From a macro perspective, Bitcoin still maintains a strong bullish trend. This year, Bitcoin is expected to surge to 150,000 to 200,000 USD. From a technical standpoint, the double bottom structure and clear upward trend line provide strong support for this prediction.
Regarding the upcoming operational strategy, if there are high short opportunities in the market, investors might consider shorting around 84,000 USD. However, if this high short opportunity is missed, there is no need to worry too much. Investors can patiently wait for prices to adjust to the range of 81,000 to 80,000 USD and then build positions in batches.
Notably, if Bitcoin's price falls below 80,000 USD, it will be an excellent opportunity to get on board. At this time, investors should dare to act and start formulating a holding plan to prepare for future gains.
Ethereum
ETH remains the weakest; focus on supporting 1544 and 1522 for long positions, stop-loss at 1505, target at 1590 and 1610.
Ethereum ETF staking and altcoin ETF applications are receiving much attention. Crypto traders are looking forward to a bull market, with Ethereum's performance being key. Ethereum is facing a 'turnover' issue, needing to push out early holders and achieve a chip conversion, which will be a long process. However, a total collapse is unlikely; it's merely a matter of washout time and depth.
SOL
Altcoins are broadly declining, with the market focus on bottom-fishing for SOL. There are many on-chain golden dogs; a dollar-cost averaging approach is recommended. Currently, attempts to rise have failed four times; if the entity breaks below 132 and 134.7, a high short can be made, with a stop-loss at 136 and a target at 128 and 125.
For SOL to surpass Ethereum, it is far from enough to rely solely on U.S. capital and the MEME effect. The key lies in application expansion and widespread implementation of decentralized finance, which requires time to accumulate.
In the current bull market context, SOL has indeed shown certain competitiveness. However, in the face of market volatility, it is advisable not to solely bet heavily on either ETH or SOL. Instead, a diversified investment strategy should be adopted, at least splitting funds in half, while also considering other mainstream altcoins such as Litecoin, ATOM, AVAX, S, NEO, ONDO, etc., to spread risk.
BNB
BNB completed its 31st quarterly token burn, worth about 916 million USD. Previously, BNB also announced a burn and then started to drop; profit-taking can lead to a bearish sentiment. Short at 856 and 592, stop-loss at 598, target at 567.
There are many companies applying for altcoin ETFs; currently, BlackRock has not intervened. If they do, any coin they apply for is likely to see a price increase. Potential Ethereum ETF staking and altcoin ETF application news is positive.
Last night, on-chain activity was high, with RAY launching the LaunchLab platform, which sparked a frenzy of PVP.
TIME token staged a 'cutting leeks' spectacle: 9M → 2M → V reversal, and the Base official project also flopped. PVP is highly volatile; besides TIME, gaydium has also been poured. Last night, the base official directly harvested with ca, having issued two tokens before and after, both of which have now been poured. In this market, such a large official push is openly harvesting leeks; it's unimaginable.
Today's password:
During the downtrend, focus on cryptocurrencies that are rising against the trend:
During the downtrend, seeking cryptocurrencies that are rising against the trend has become a focus for investors. Here are some standout cryptocurrencies:
Among lower market cap coins, FARTCOIN, LAYER, and RAY are worth watching. LAYER continues to reach new highs as a speculative stock, based on hardware-accelerated blockchain technology. Previously focused on staking for the SOL chain, it has also launched a payfi business. RAY in the DEX space has introduced a meme launch platform, with 25% of transaction fees allocated for RAY buybacks.
In the public chain field, SOL and SUI are performing impressively. SOL, as a well-known public chain, has always received widespread attention from the market; while SUI, with its unique technological advantages, has shown strong upward momentum amidst the downtrend.
In the DeFi space, CRV, MKR, and PENDLE are worth noting. These coins have substantial technical accumulation and market foundation in DeFi, and their rise against the trend demonstrates strong market recognition.
In addition, the Meme coin RFC and DARK, associated with Musk, are also worth paying attention to. DARK combines AI and GameFi elements and uses the MCP open-source framework. Market rumors suggest it has the support of a conspiracy group behind it, adding a layer of mystery to DARK.
