Bitcoin did not have a particularly violent rise this week. Last night, it peaked at 85488 and dipped to 83703, with an amplitude of around 2000 dollars. It remains in the range of 85542-83183, continuing to require operations that maintain high short and low long positions. The next resistance level for Bitcoin on the short term is around 87000 USD. Two scenarios can be expected: 1. Bitcoin adjusts to 83000 USD, then rebounds to 85000, continuing to break through 87000, which is a healthier trend, allowing aggressive altcoin positions. 2. In the next few days, it directly breaks through 87000 USD; if it rises, one must consider the risk of a pullback, requiring conservative altcoin positions. The explosion of altcoins still depends on our Ethereum; we are focusing on the mainnet upgrade as a significant positive factor. Good news does not explode all at once; it is released gradually, and there may not be significant negative news afterward. Recently, many fans may have seen a quick report that Donald Trump wants to use interest rate cuts to save the market, but Jerome Powell disagrees, and Trump wants to replace Powell as the chairman of the Federal Reserve.
So there won't be significant negative news in the future; when all the bad news is out, it becomes good news. I predict that in the second half of the year, Bitcoin will return to above 100,000. The Ethereum mainnet upgrade will be gradually released, and this also marks the beginning of the altcoin season that we have been looking forward to!
It is expected that four cryptocurrencies will soar with a potential increase of 100 times in the upcoming bull market!
MOVE
Movement Network is a blockchain project aimed at improving communication and operation of decentralized applications across different systems. It focuses on modular, Move-based blockchains, which means developers can customize and launch smaller, more flexible blockchain systems, known as Rollups. These Rollup systems can be compatible with the Move programming language and the Ethereum ecosystem, bridging the gap in compatibility.
The platform provides open-source tools and protocols to help developers adopt Move, a language known for its security features. Move combines with Ethereum's infrastructure through second-layer (L2) scaling solutions, aiming to provide faster and more efficient transactions without sacrificing security.
FLOW
Flow is a blockchain platform capable of processing fast, low-cost transactions while supporting various decentralized applications. It occupies a unique position in fields such as gaming, digital art, and collectibles, providing customized infrastructure for projects that require high transaction throughput and reasonable fees. As the native cryptocurrency of the Flow network, FLOW plays multiple roles on the platform. It can be used to pay transaction fees, secure the network, and create custom tokens within the ecosystem.
The platform prioritizes scalability and ease of use. Unlike other networks that are adapted for consumer applications, Flow was created specifically for this purpose. This makes it a practical choice for developers to build user-oriented blockchain applications without sacrificing transaction speed or cost.
BNB
How to say, it feels like the current BNB empowerment returns are just okay; basically, all the necessary empowerments have already been achieved. If CZ cannot reintroduce empowerment, over time, the price of BNB is likely to decline!
The BSC chain is also considered a good entry point, but as we all know, there hasn't been a particularly strong leader in the BSC chain so far, which has led to a weakening in the BSC chain and a corresponding decline in the price of BNB.
The fundamental issue still lies in continuous empowerment + on-chain profit effects. I hope CZ can think more about creating a true leader for the BSC chain!
APE
ApeCoin (APE) remains a popular choice among many cryptocurrency users thanks to its numerous applications within the Bored Ape Yacht Club (BAYC) ecosystem. APE serves as a payment token, a voting tool within the ApeCoin DAO, and a means to unlock exclusive content. Its popularity and strong trading activity keep it in a significant position in the cryptocurrency market.
APE's price is highly volatile and is often influenced by significant events in the NFT or broader cryptocurrency sector. Since APE is linked to the BAYC brand, any major news regarding the series can impact APE's price. Therefore, short-term traders frequently attempt to profit from price fluctuations through strategies like scalping or day trading. Long-term investors may need to act quickly to benefit from these rapid changes.
