[Market Analysis] The big coin has stagnated at a high after rising, continuing to consolidate sideways; is this a sideways move before a decline? With the market rising sharply a few days ago, the overall market is now in a period of volatile consolidation, and this position is the time for the market to choose a direction. Whether to continue rebounding or to pull back, I personally believe the market will continue to pull back to clear a wave of longs, and then continue to rise. If it really pulls back, strong support is around 90,000. Meanwhile, the short positions in the liquidation map are also increasing, indicating that the market has entered a state of bullish-bearish competition and is starting to consolidate around 92,000-94,000. From the chart, there has been no effective breakthrough of the upper pressure, nor has there been a breakdown of the lower support; for the short term, pay attention to the breakout situation in this range.
ETH current price enters a fluctuating rhythm, upper short-term pressure at 1810, lower key support at 1780 has been tested multiple times effectively, continue the strategy from early morning, suggesting implementing high selling and low buying operations within the range, avoiding chasing and killing in a volatile market.
Evening key position operations: Price breaks out with increased volume, and stabilizes above 1840 on the 1/4 hour line, confirming short-term bullish signals, targeting 1860 and 1910 sequentially. If the volume breaks below the 1780 support and stabilizes, the lower targets will probe down to 1745 and 1700.
Daily Analysis: BTC short-term focus on the lower vicinity of 90,000, upper short-term focus on 94,000; ETH short-term focus on the lower vicinity of 1,700, upper short-term focus on 1,800; SOL short-term focus on the lower vicinity of 143, upper short-term focus on 153.
Maintain the volatile market or continue to surge?
Currently, there is no interest rate cut, no end to the balance sheet reduction, and no other policies; we have not reached the essence of the easing cycle. Currently, what affects the price of $BTC is sentiment, and sentiment is influenced by macro factors, crypto events, etc. The price of BTC subsequently affects the rise and fall of altcoins. Previously, the easing of Trump's tariff policies and Powell's softened stance affected sentiment, leading to a price increase, but this event's impact is limited, and there are variables; what if Trump says something again? Right now, Trump says the tariff situation is still being negotiated, and there are no other major positive stimuli, and the 95,000 above 93,100 has not broken through. For now, it remains volatile. Moreover, just from the K-line trend, after the U.S. stock market opened at 9:30 last night, the trading volume of BTC surged, and the turnover increased. We are currently waiting for further events that may influence sentiment. Will there be a reaction from Dongda today?
Also, there will be economic data next week on 4.30.
Many altcoins have also started to rebound. As long as Bitcoin stabilizes, more and more altcoins will start to make moves, so the focus for future positioning can be placed on altcoins, accumulate some for a potential surge.
The most robust rebound sectors: #AI track, #RWA track, #SOL ecosystem, #MOVE ecosystem, especially projects that prioritize America, each time they are the main highlight of the rebound!
The altcoin rebound will continue until early May【Strong targets】
AI track: $ALCH $ARC
Meme sector: $fartcoin $turbo
Mainstream coins: $Sol $Sui, Sui is the strongest public chain in trend, recently being speculated due to ETF.
Recently speculated ETF focus on upgraded series: LDO, ARB, OP, PEPE, RPL, PENDLE, ENA, etc.
People who bought Bitcoin at 15K in 2022:
Now let's talk about today's skyrocketing coins!
$TRUMP current price 13 dollars, 24h skyrocketing 60%, trading volume surging 80%, market cap 2.7 billion dollars rushing into Top 40! Official announcement: Trump will visit the Trump National Club in Washington on May 22, having dinner with Top 220 token holders, and the first batch of unlocked tokens will have an additional 90-day lock-up, with the entire network discussing '$TRUMP wants to be the Meme King!'
Why is it soaring?
Trump's personal attendance: Official confirmation that Trump will attend the Top 220 token holders' dinner on May 22, Top 25 enjoy VIP White House tour, FOMO sentiment explodes, coin price soars 60%! The whole network shouts 'Total support from Tong, $TRUMP takes off!'
Lock-up benefits: The first batch of 400,000 tokens and an additional 90-day lock-up for the unlocking portion in the next three months, reducing supply to drive up prices, sparking discussion of 'lock-up = bull market fuel'.
Institutional enthusiasm: Trump's family World Liberty Financial raises 500 million dollars, on-chain shows whales are buying wildly (like 407,467 $TRUMP, worth 5 million dollars), the entire network discusses 'institutions FOMO at 13 dollars.'
Meme frenzy: $TRUMP backed by Trump, platform popularity skyrocketing, retail investors pouring in, hot discussions on '2025 Meme Coin King'!
How to read the line? How to go? $TRUMP 4H: 13 dollars rush to the upper Bollinger band, MACD golden cross, RSI 78 overbought.
Support at 12 dollars, resistance at 15 dollars. Trend: Short-term surge to 15 dollars, beware of pullbacks. The entire network warns 'RSI high, beware of fluctuations.'
Bottom fishing? 12 dollars for bottom fishing, stop loss at 11.5 dollars, target at 15 dollars.
Keep an eye on Trump's dynamics and SEC ETF approvals, avoid FOMO! Q3 bull market heat, $TRUMP may rush to 20 dollars?
