$BTC Under normal circumstances, Bitcoin would have already pulled back following the drop in US stocks. I can only say that there are too many people like Liangxi who are shorting; everyone is shorting while the price keeps rising.
$AWE This is a new coin after a name change, the trend before the name change is shown in the chart below. It feels like most of these renamed coins pump before the name change and then drop back down afterwards.
The short-term trend of Bitcoin has formed a downward channel. Once it falls below 100,000 USD, it is very likely to drop to the target of 93,000 USD, which is also the CME gap position.
Bitcoin continues to rise after breaking the triangle pattern. The price tested the resistance level of $105,000, but the test failed. The market rumors about the US-China tariff agreement also did not lead to a successful breakthrough, and Bitcoin may need to correct. I recommend buying strong altcoins after this correction.
$BTC The dominance of Bitcoin is plummeting, which means altcoins are gaining strength. Still the same saying, if you believe there will be an altcoin season, then it has just begun. After waiting for so long, the actual time for an increase might only be one or two months.
In the past three days, the delta of BTC spot trading volume (7-day moving average) has sharply declined, indicating increased selling pressure:
🔻April 27: Down $30.9 million 🔻April 28: Down $76.1 million 🔻April 29: Down $193.4 million
The ongoing downward trend suggests that the market is currently dominated by sellers. Weakened spot demand may indicate profit-taking, buyer fatigue, or an early stage of a trend reversal. However, Bitcoin has not yet broken support, and the subsequent potential movement could be an upward false breakout that triggers short stop-losses before a thorough downward break.
The current price of Bitcoin is significantly higher than the average of all historical prices, reflecting strong bullish sentiment in the overall market. However, this significant deviation also suggests that there may be potential pullbacks.
$INIT Another new coin will be launched at 7 PM tonight. This coin has issued many airdrops, and I believe that the drop caused by the airdrop selling in the early stage of trading is quite certain. You might consider shorting it now and immediately closing the short position after the airdrop selling when it goes live tonight. After the airdrop has been sold off, there may be a rebound, which can be referenced by the recent movements of baby when it was just launched in the spot market. If it rises significantly like baby after that, then consider entering another short position. For new coins, only consider how to short; even if there might be a period of increase, do not go long.
Bitcoin continues to rise, breaking through $90,000. The current price has reached a major resistance level, with $90,000 now becoming a support level, and we may see a retest of this area. If the price breaks through $95,000, there may be further FOMO-driven increases. $74,000 allowed for bottom-fishing, and at this price, it is advisable to gradually take profits; chasing higher prices here would not have a favorable risk-reward ratio.
The CZ Dog that hasn't listed on Binance Spot keeps rising, while those that have listed keep falling. Binance Spot truly lives up to being the final stop for a coin. As long as it has listed on Binance Spot, there is enough liquidity for the market makers to sell, while they also lose the motivation to build the project. Once the project is sold out, they just move on to other projects.
$BABY garbage coin is like this: at first, it pumps a bit, then it kills the contracts to hedge short positions, and then there is endless decline. No matter when you short it, you make money because it is essentially a useless coin that makes you hand over real Bitcoin to it, and then distributes garbage coins to you. This is what's called Bitcoin staking, which has long been debunked.
Recently, the only coin on the BNB chain that might follow the SOL chain RFC (discovering a fool) trend is cyberwish (daily wish). The concept comes from He Yi's daily wish, where those selected will receive 1 BNB, and there is a clear TICKER. He Yi posts one every day, which means there is continuous exposure to traffic. Moreover, historically, the MEME coins that exploded on the BNB chain are basically all related to CZ or He Yi.
Negative points: The avatar for CYBER WISH is a photo of He Yi, which feels a bit lacking in MEME quality; it would be better to change it to something like a cartoon wishing pool. Also, how long He Yi will continue doing this is uncertain; if she stops, it could potentially go to zero at any time. $BNB
In the past 30 days, wallets holding between 1,000 to 10,000 BTC have been accelerating their accumulation. This indicates that despite uncertainty in the market, smart money and institutional investors are quietly building their positions. If you don't know what to do, go long on Bitcoin and short on altcoins; the rise of Bitcoin and the fall of altcoins are the two most certain things in the crypto world.
$BABY has finally launched spot trading, and this garbage coin can go to zero. Just wait and see, the total supply is unlimited, and there is an 8% inflation rate each year. Once this garbage starts trading spot, it's headed straight for zero.
$SOL Last night’s big golden dog on the Sol chain, with a market value warning push of 160,000, peaked at a market value of 13 million, nearly 100 times. The narrative is about cloning an extinct ancient wolf, but upon closer inspection, it seems that only a small part of the DNA is transplanted into existing organisms rather than completely cloning the extinct species. However, with Musk's retweet, there was still quite a bit of FOMO sentiment.
$BTC Last night, a message was circulated saying there would be a 90-day tariff suspension period, but it was subsequently debunked. I actually think this message might be true; Trump wouldn't really impose that many tariffs, this is his maximum pressure tactic to force other countries to negotiate and compromise with him. Many small countries have already surrendered, but we, China, have not compromised and are responding in kind, so there are still certain negative factors ahead, meaning both countries continue to escalate. The possible trend is a rebound first, but then negative news comes out for a second bottom test.
Global panic has reached its peak. Let's see how the U.S. market reacts tonight — this could determine the next moves for cryptocurrencies and global assets.
Advice to buy the dip: only buy Bitcoin, as it may recover if you buy incorrectly, while altcoins might lead to a bottomless pit if you choose wrong.🤡
The 30-day volume-weighted price of BTC has fallen below the 180-day moving average, indicating a significant loss of short-term momentum. Historically, after such a bearish cross occurs, the following 3 to 6 months usually show a downward or sideways trend. Although Bitcoin's current performance is much stronger than the U.S. stock market, it could drop at any time.
The US stock market experienced a significant drop yesterday, and today we might see some rebound, which could have a positive impact on Bitcoin. The support level is between $81,200 and $81,400. Trump's tariff algorithm is too outrageous, and it is expected that he will make modifications afterward.