$ALPACA dropped 70% in a short time, it has basically been confirmed that the major player has exited the market. It has been warning about risks for the past two days, which is completely consistent with the predicted scenario #ALPACA
$TRUMP has clearly entered a short-term correction phase on the 4-hour chart. The current price has fallen to 13.75 USDT, consistently breaking below the MA/EMA 7 and 30, with a weak technical outlook. The middle band of the Bollinger Bands has been breached, and the price is approaching the lower band, indicating that downward momentum is still being released. The MACD death cross continues to expand, with green bars extending, and bears remain in control; the RSI has fallen to 25.8, nearing the oversold zone, suggesting a potential technical rebound in the short term. The trading volume has slightly increased, indicating some selling pressure support during the decline.
Overall, the short-term outlook is bearish, and caution is advised when chasing high prices. If it breaks below 13.5, be wary of an accelerated downturn; on the contrary, one can pay attention to the stabilization signals in the 13.3~13.5 range.
The on-chain address shows that the official address $TRUMP has already started shipping. A few days ago, I mentioned that Trump himself has a strong business aura, and his tokens are likely to experience a pulse-style pump. When he calls out a price, that is the best exit opportunity, not the time to buy in.
The $LAYER layer shows a clear bullish trend on the 4-hour chart, with the current price strongly breaking through the $3 mark, well above the short and medium-term moving averages. The Bollinger Bands are widening, indicating strong bullish momentum. However, the TD sequence shows consecutive '9' signals, combined with the price breaking through the upper Bollinger Band, indicating a potential overbought risk and pullback pressure in the short term.
From a trading perspective, holders can continue to hold in the direction of the trend and use EMA(7) as a take-profit reference; those without positions should avoid blindly chasing highs and can wait for the price to pull back to the 2.80~2.90 area before positioning.
The overall strategy is primarily to trade long in the direction of the trend, paying attention to short-term pullback rhythms and managing risk. #layer
A brief review of the significant events from last night: 1. Strategy announced last night that it increased its holdings by 1.42 billion USD, acquiring 15,355 BTC last week. Strategy currently holds 553,555 BTC, purchased at approximately 37.9 billion USD, with an average price of about 68,459 USD per Bitcoin. Large holders continue to accumulate BTC.
2. The Arizona State Legislature has passed the BTC state reserve plan, now only awaiting the governor's signature (however, this governor is from the Democratic camp and relatively anti-crypto, so the probability of passage is not very high).
$BTC breaks 90k, the risk-off narrative heats up, but the market swings between gold and US stocks. Traditional correlations have broken down—BTC sometimes behaves like digital gold, and other times like a high-risk asset.
The market focus has shifted: it's not about who to follow, but whether it can continue to go Up Only.
The options market is buzzing, with a large number of high strike Calls being bought; ETFs have seen net inflows for six consecutive days, totaling $3.1 billion, with TradFi funds continuing to increase their stakes.
A healthier phenomenon is that leverage has not overheated, perpetual funding rates are stable, and spot buying is dominant.
But the real test is right ahead: this week’s JOLTS job data, preliminary GDP, employment cost index, NFP non-farm payrolls, along with earnings reports from tech giants MSFT, META, AAPL, and AMZN. A massive influx of fundamental data combined with risk events—will BTC's Up Only myth continue or come to an end?
$SUI 4-hour continuation of the upward trend, the current price remains stable above the MA7 and MA30 moving averages, with a bullish arrangement of short-term moving averages and a good structure. The Bollinger Bands have slightly opened after convergence, and the price is rebounding from the middle band (around 3.58), indicating bullish intent. Although the MACD is above the zero axis, momentum is weakening, and the RSI remains in a high consolidation around 70, suggesting a slight slowdown in short-term momentum.
Overall, the trend remains bullish. If it can break through the previous high of 3.81 with increased volume, it is expected to accelerate upward; if it falls back, pay attention to the support in the 3.60-3.65 range, and if it breaks below, caution is needed for adjustments.
The rise and fall cycle of altcoins usually consists of four stages: turning point, testing, unilateral, and acceleration.
A real market trend does not appear out of thin air but unfolds step by step along this path.
Currently, most altcoins remain in the turning point stage, such as $AXL, $JUP, $INJ, $CHZ.
A small number have entered the testing stage, such as $BCH, $RAY, $XRP.
Very few have entered a unilateral upward trend, such as $SUI, $FART, $TRUMP.
As for the acceleration stage, it is not visible in the market yet.
This means that the overall market is still far from a trend reversal, participants' sentiments have not formed a consensus, and the price structure has not completed a real transition of support and resistance.
In such a stage, the best strategy is to quietly find high-odds positions and wait for the market to mature on its own, rather than staring at the candlestick charts and repeatedly hypnotizing oneself with "I'm going to miss out." #山寨币热点
Most of the explosive mountain stocks lack depth, and there is a divergence between volume and price, which does not suggest a reversal to a bull market.
In a rebound market, be cautious and take profits when they are available 【This does not represent a bearish view】
In the context of new currency inflation, the collapse of valuation systems, and the continuous siphoning off of projects like 'Trump' on DEX, how should one invest in altcoins? ■ Should we chase coins with strong capital flow on the right side, capturing short-term explosions but risking high prices; ■ Or should we look for undervalued coins on the left side, needing to endure fluctuations and deeply study the fundamentals; ■ Or should we simply focus on BTC and leading altcoins, prioritizing stability but potentially missing opportunities?
#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.
$SOL The most perfect elastic asset is $JUP : 1. The past trends are highly positively correlated with SOL, and it is an elastic asset of SOL
2. JUP started from a DEX aggregator and gradually extended to a complete ecological layout on the Solana chain, constructing a closed-loop product system and mastering the core C-end traffic entry
3. Repurchase + destruction mechanism (the total supply of JUP is 10 billion, 3 billion were voted to be destroyed at the end of January this year, currently the maximum circulating tokens are 7 billion, and 50% of the platform's revenue will be used for repurchase and destruction of JUP tokens each month)
Worth noting: 【The only drawback is the unlocking selling pressure】 #JUP #solana
In-depth Analysis of $ALPACA Manipulation: How the Only Delisted Coin with Contracts Achieved Precise Harvesting?
Recently, $ALPACA's wave of 'delisting and surging tenfold' completely overturned the perceptions of many old-timers in the crypto circle. On the surface, it was an unexpected rebound of a delisted coin, but behind it lies a well-planned, rhythmic, and lethal manipulation script. Today, let's dive deep into this manipulation show and see how the manipulators wiped out retail investors and shorts amidst information and emotional disparities. 1. Token distribution: concentrated holdings, inherently suitable for manipulation. First, look at the fundamentals: $ALPACA has a total of 75,441 holders, but the top 1000 addresses hold the vast majority.
According to CoinShares data, in the fourth quarter of 2024, the average cash cost of Bitcoin mining for listed mining companies increased from $55,950 in the third quarter to about $82,162, an increase of 47%.
Based on this data, the $74,508 of 20,712,417,867 is very likely to be the bottom of this round of correction 79,554,372,464 48,533,029,497