Bitcoin rebounded yesterday, but the trading volume was slightly insufficient, with obvious signs of support from the bulls. The current price faces strong upward pressure, MACD shows a death cross, and there may be a need for a pullback in the short term. Although the price has stabilized above the bull-bear dividing line and formed a trend, if the price cannot break through for a long time, it faces upward pressure. Therefore, it is not recommended to chase high, and it is better to go long around $95,000. The upper pressure level is at $96,000, while the lower support is at $89,000.
Weekly level:
The overall trend is upward, but the recent rise is notably accompanied by increased volume. My personal view is that there may be a need for a pullback this week. I suggest patiently waiting for a correction, and consider buying the dip during the pullback. In the short term, hold coins and wait for appreciation, continue to monitor market dynamics.
Suggestions:
Do not chase the rise in the short term; wait for a pullback to enter.
Strictly set stop-loss, control position, and remain calm.
Persist in long-term layout and manage risks well.
When will the altcoin market start? Two key indicators.
For investors concerned about the altcoin market, the market consensus points to two key observation dimensions:
1. The "barometer" of Bitcoin's market cap ratio: Currently, Bitcoin's market cap ratio is about 64%, close to the peak of the last bull market (71%). Historical experience shows that when Bitcoin's market cap ratio falls from a high level, funds often overflow to mainstream coins and altcoins. The current market is at a critical point: if Bitcoin's ratio falls below 60%, it may signal the start of the altcoin season.
2. The "funding hub" role of Ethereum: As the core of the public chain ecosystem, the exchange rate of Ethereum (ETH) to Bitcoin (ETH/BTC) is an important indicator of market risk appetite. If macro liquidity improves, ETH may become a "transit station" for funds flowing from Bitcoin to altcoins.
The Musk effect is back! TROLL's market cap broke $25 million.
Recently, after Binance Alpha announced the launch of the Solana chain meme coin TROLL, TROLL surged by 50% within 24 hours, breaking through a market cap of $25 million, becoming a microcosm of the latest crypto frenzy. With the synergy of Musk's tweets igniting, community hype, and capital manipulation, the Troll token quickly rose to fame, replicating the explosive trajectory of Pepe coin and pushing the internet cultural symbol of "troll" into the mainstream.
Upbit has strong influence!
It still relies on the influence of UPBIT. SIGN went from 40 million to 80 million in market value directly. I will be satisfied when VIRTUAL AIXBT WLD can also double like that!
Japanese "female teacher" Yua Mikami is also launching a coin?
Token name: $MIKAMI.
Release chain: Solana.
Release time: April 30 at 11:00 (Beijing time).
Token distribution: 50% core holders (locked until 2069), 20% public sale, 15% liquidity, 10% community incentives, 5% marketing.
Fan base: A total of 17.5 million fans across all platforms (approximately 8.2 million on X).
Celebrity coins are making another wave, this time it's Yua Mikami's turn. Millions of fans, a full narrative, locked until 2069... But to be honest, I have lost interest in this type of coin. It's not about disliking anyone, but I've seen too many times: the project goes live for an hour, and the whole network is buzzing; three days after launch, the heat fades and it starts to go to zero. A week later, only 'followers' with their avatars are chatting in the group. Celebrities bring not certainty, but a traffic bubble.
The AI track is definitely one of the main lines of speculation in this bull market.
The decentralized GPURender Network (RNDR) provides AI training computing power, with broad prospects for AI development.
AI Artificial Intelligence Projects:getgrass_io (GRASS) shows significant potential in the DePIN and AI data fields.
AI infrastructure Fetch.ai (FET) promotes AI applications in the Cosmos ecosystem, with great development potential.
AI Agent ai16zeliza (AI16z) surged 29% in 24 hours due to the news of being listed on Bithumb.
AI infrastructure Vanarchain (VANRY) focuses on decentralized L1 for artificial intelligence, payment finance, and real-world brand adoption.
Everyone can see that the coins in the AI track are currently bouncing back the most.
Pick a few that you are most optimistic about and focus on increasing your position, preferably prioritizing those leading projects. For example, virtual has reached a new high again. Look at $AIXBT or AI16Z, or $COOKIE. If you're bold, go for TUT and ACT.
The current heat in the AI field is reminiscent of the explosion of the Metaverse in 2021, with coins like sand, mana, axs, and magic. Doubling in a day, five times in a week. If external funds are to flood into web3 on a large scale, there must be a sufficiently large entry point.
This time, there is no doubt that the AI sector has propped up this entry point. Of course, meme coins are also good, but in terms of storytelling ability, AI definitely has the advantage.
Currently, many altcoins are showing short-term buying opportunities.
ENA is performing well in the $0.32–$0.33 range; suitable for layout.
STX has already made profits last week. If it pulls back to $0.75–$0.80, it can be re-entered.
SUI, despite a large unlock, is strong, with $3.35–$3.40 as strong support.
Despite its average fundamentals, TRUMP has short-term volatility potential. $12 is key support, and around $13.50, consider a small long position.
If TAO falls to $340, close to the trend reversal point, it is suitable for buying.
ONDO has formed a buying opportunity in the $0.88–$0.90 range.
Overall, the 4-hour level trend is still bullish. Although most coins are only rebounding in the short term and have not truly reversed, the long-term outlook remains optimistic.
Summary.
The current market has entered a critical stage, with new opportunities for upward breakthroughs and risks of high-level pullbacks. Regardless of how the market changes, what truly determines whether you can make money is not "luck", but whether you have a sufficiently clear logical framework and solid operational skills.
