#April 28th Morning Report

Brief analysis of the market

BTC lacks upward momentum, altcoins generally retreat: Recently, the market has entered a short-term consolidation phase due to significant previous gains. BTC's upward momentum is insufficient, and altcoins are experiencing a widespread retreat. From Wednesday to Friday this week, the U.S. will release several key macroeconomic data points, including PCE, GDP, non-farm employment, and PMI, increasing market uncertainty. As a result, some funds have chosen to take profits, leading to a rise in short-term risk-averse sentiment.

ALPACA plummets, selling off meets expectations: ALPACA has seen a sharp short-term decline, in line with previously analyzed trading tactics. The project team quickly liquidated by selling off, and those who do not understand can check my previous updates.

$SUI , $SOL , $TAO and other strong cryptocurrencies show weakened momentum: The leading cryptocurrencies in this round, such as SUI, SOL, and TAO, are gradually losing their upward momentum, but no significant decline has occurred yet. If the macro environment and BTC do not face major negative news, altcoins may still have the potential to continue rising, and market signals should be closely monitored.

CEX/DEX trading volume is sluggish, market nature leans towards a rebound: Currently, CEX and DEX trading volumes are at low levels, with market sentiment high but participation insufficient, reflecting limited capital activity. This indicates that the current market situation is more likely a phase rebound rather than a trend reversal.