For example, many years ago, a friend of mine thought that the price of BTC was too high, so he exchanged BTC for LTC. He thought that because the total amount of LTC was one-fourth of BTC, the price should be one-fourth lower accordingly.
Later, he also exchanged ETH for ETC. At that time, the price of ETC was 20 times cheaper than ETH. He fantasized that ETC could catch up with ETH, and even the price could reach 1:1.
He had exchanged for cheaper currencies countless times because he thought the price of a certain currency was too high. As a result, these cheap currencies often returned to zero, while the currencies he exchanged rose sharply.
This situation has been repeated, so you understand.
New Hampshire has decided to include Bitcoin as a reserve asset. Although the purchase is not as large as MicroStrategy's, it significantly enhances Bitcoin's status. Now, everyone believes it can replicate the myth of a decade-long bull market like gold ETFs. Stimulated by this news, Bitcoin surged by $3,000 in the middle of the night, and it looks like it’s heading towards $98,000.
However, the Federal Reserve is set to announce its interest rate decision tonight, and it’s likely that the current rate will remain unchanged, which everyone has already prepared for psychologically. The key is whether Chairman Powell will soften his stance; if he continues to be tough, the market is sure to experience significant fluctuations. Compared to the state government's cryptocurrency purchases, tonight's meeting may have a greater impact on the market.
From the market perspective, if Bitcoin can hold above $98,000 and move towards around $98,500, there won't be much selling pressure. But tonight’s volatility is certainly not to be underestimated; it could determine the direction of price movements in the coming weeks.
It is advised not to casually open low-leverage long positions, as a negative meeting outcome could lead to significant losses. If you want to short, wait and observe the meeting situation, and make sure to set the liquidation price above $106,000 when opening a position. If the meeting results are unfavorable for shorting, quickly cut losses; if the market indeed moves down, hold on and wait for a dip. Keep a close eye on this battle tonight!
Bitcoin: After rebounding 28% from its low, the daily level is undergoing a trend shift from bearish to bullish. Current upward momentum is slowing, and short-term upward space is limited. A pullback is expected, after which a more significant market movement may occur.
Hot cryptocurrencies: SUI, VIRTUAL, and AI16Z achieved increases of 120%, 260%, and 230%, respectively. The AIMEME sector, which had previously declined significantly, has been steadily rising recently due to dispersed chips. However, these leading cryptocurrencies have shown signs of fatigue lately, and their subsequent trends remain to be observed.
Originally thinking of shorting Ethereum, but upon looking at the overall market, it not only didn't drop but actually rose. Now I'm hesitant to short. Given the current situation, Ethereum might rise again in the short term, attracting everyone to buy at higher prices, and then it will start to drop. For now, don't rush to act, just observe for a while, and focus on the price level of 1850. If it can't rise above that, it's likely to drop.
ORDI, BOME, and PNUT trends are simply identical, with both the increase and K-line moving in sync. These three were popular projects last year and are now worth ambushing. They have all undergone thorough washouts, similar to last year's pepe. If they rise, they could probably see a 2-3 times increase.
Is Bitcoin going to continue to rise or fluctuate?
First, let's look at the overall environment: The Federal Reserve hasn't cut interest rates, and the balance sheet reduction hasn't stopped; the macro conditions are not yet conducive to easing. Currently, Bitcoin's price movements are driven entirely by sentiment, which is influenced by macro policies and major events in the crypto space. For instance, the previous easing of tariffs by Trump and Powell's softened stance indeed led to a price increase, but these messages have limited impact and can change quickly — now Trump says tariffs are still under discussion, and there are no other major positive news. After Bitcoin rose to over 93,000, it has not been able to break through the 95,000 barrier, and for now, it can only fluctuate.
From the market perspective, after the U.S. stock market opened last night, Bitcoin's trading volume suddenly increased, and positions began to shift, indicating that some people are selling above 93,000. Moreover, those who bought in at 75,000 are now nearly 20,000 in profit and may sell at any time to cash out.
Additionally, there are no major news this week, and the economic data for April 30 has not been released, so the market is likely to continue fluctuating. A breakthrough upwards would depend on more significant positive news (such as a sudden interest rate cut by the Federal Reserve); otherwise, even a slight negative news could lead to a price drop.
As for small coins, can they be held for the long term? It depends on two key points:
First, can Bitcoin stabilize above 93,000, and is the trading volume sufficient;
Second, for mainstream small coins like Ethereum and Solana, is there independent capital inflow that is separate from Bitcoin (for instance, a sudden surge in DeFi locked value).
In the current market, short-term trading is more prudent; don't easily hold long-term positions. If sentiment declines, small coins may follow with a significant drop.
Ethereum is currently experiencing fierce competition between bulls and bears! Are those bearish reasons really reliable? The bears mainly have three arguments: The price is hovering around $2000, does that mean no one is investing? But short-term price fluctuations do not equate to long-term value; who could have predicted that SOL would rise from $20 to $200, and XRP has also been underestimated many times. The foundation sells coins, does that mean everyone has lost faith? In fact, Vitalik has already started adjusting the management team, and there are technical upgrade plans for 2025, which are all normal project adjustments. SOL has risen based on hot topics, does that mean Ethereum is old? The competition among public chains is like a long-distance race; Ethereum has a solid foundation with DeFi, NFT, and Layer 2 ecosystems, which cannot be easily surpassed by coins that have just emerged in the short term. To put it bluntly: Just because the price hasn't risen doesn't mean the value is gone; the market's reaction can sometimes be slow; Ethereum's ecosystem is very solid, with locked value and trading volume clearly established, which cannot be casually replaced; many people lose money because they do not understand the market or cannot hold onto their coins, and it's not the coin's fault. Don't be swayed by short-term fluctuations; truly valuable things need time to be validated. Do you think Ethereum can bounce back in the future?
Yesterday's morning review warned everyone not to chase after altcoins, and altcoins indeed experienced another rapid decline. Do not fantasize about the so-called altcoin season just yet; we need to wait for ETH to break through the downward channel before we can expect altcoins to rise. Currently, ETH needs to reach above 1800 to break the downward channel, which still seems relatively difficult in the short term!
There are too many short sellers, making up 59%! The market has been rising for the past couple of days, and many short sellers have been liquidated. It's true that the more it rises, the more people short it, and the result is a heavy loss. Everyone should pay attention to risk when trading and not go against the trend stubbornly!
The recent rise of the large pancake attempts to break through, with a key resistance level forming near 87500. Combining this with volume observations, it currently shows characteristics of a shrinking upward trend, and one should be cautious of the main force's potential inducement for more buying. A short-term pullback may occur. Operation Suggestions: Contract Trading: You can lightly short near 87500, setting a stop loss above 88500, with the target focusing on the 85000 support. Spot Holding: Previous bottom positions can take profit at 50% on highs, while the remaining position should be kept to observe the subsequent direction, considering to buy back in batches when it pulls back to the 84000-85000 range.
Over the weekend, SOL rose from around 132 to 138.7. Combining this with its URPD chip price distribution chart, the densely traded area on-chain can assist in judging support/resistance levels: the accumulation of chips at the 144 position ranks second, and the 141-144 range may constitute short-term resistance. Whether SOL can break through this range and stabilize depends on two factors: first, whether the market sentiment for Bitcoin continues to improve, creating a ripple effect; second, whether SOL itself has positive narrative support (such as expectations related to ETFs). Currently, it is important to note that SOL faces pressure from trapped positions upwards, while a significant number of profit-taking positions have also accumulated around the 100 level for bottom-fishing. Considering that the overall market sentiment has not fully warmed up yet, it is unlikely to see a major upward trend like the end of last year in the short term. It is recommended to pay attention to changes in trading volume and the sustainability of breakthroughs at key price levels.
If interest rates are lowered and a new bull market arrives as expected, then the on-chain market is likely to be even more vibrant than last year. $RFC $REFI $RDC $DB $ETHARD
There are always people asking if you can make money playing memes on the BSC chain. The answer is definitely yes.
In the past two months, there has been a chance to get rich hidden here every month. With the market warming up in late April, who knows, by the end of the month or early May, the next wave of wealth might come crashing in.
However, there are some subtleties involved. Sometimes you spot an amazing IP and concept, eagerly anticipating their explosive success, but you find that nothing happens for a long time. Meanwhile, those that truly break through often rely on CZ and He Yi repeatedly taking the stage and vigorously promoting them to soar to new heights. So, if you want to strike gold here, you need to keep an eye on opportunities and pay attention to what the big shots are saying.
A new week begins, and the cryptocurrency market is stunned by the plummet of OM coin, creating a shocking start. The main players are playing tricks with their left hand and right hand, and this operation has set an example for other altcoins, leading to chaos.
Over the weekend, the price of Bitcoin was once driven up to 86,000, but the weekly closing was below 84,000. This false breakout is too obvious and quite misleading.
Currently, on the daily chart, Bitcoin is oscillating below the midpoint of the weekly chart, with a clear downtrend. If this continues, it is likely to break below the previous low this week or next.
Looking at Ethereum, it pretended to be strong in the early session, but experience tells us that every time it shows off, Bitcoin is sure to stir things up. After all, Bitcoin's dominant position cannot be shaken and will not be easily drained by Ethereum. We will see what happens next.
Let's talk about a script: The momentum of the big pancake is strong, and this wave is expected to reach 100,000. Looking at SOL, its rebound is even more vigorous than ETH, easily challenging around 170. In the ecological race track, RAY and ORCA, as tool projects, are likely to shine brightly and become the center of attention. If you are passionate about MEME coins on Solana, the Golden Dog is likely to make an appearance later. By the way, congratulations to those brave ones who bottomed out at the starting price of 7.
Data shows that whales are accelerating their purchases of Bitcoin, with buying volume reaching a new high this year. This trend has become more evident in the past two days, especially after Trump announced a pause in the trade war. The pause in the trade war has injected a boost into the market. Previously, the tariff issues caused significant fluctuations in the market, leading to uncertainty in the price trends of various assets. Now that the situation has eased, it is clear that people are optimistic about the market in the second half of the year.
Apart from the golden dog in the current market, the only other option is MEME. Now, the PEPE coin is emerging as a 'potential stock' worth paying attention to. From the weekly trend, the PEPE coin has started the process of bottoming out with a fluctuation at the bottom, seemingly gathering strength and waiting for an explosion. When the price pulls back to the range of 657 - 570, you can gradually enter the market to accumulate spot. On the upward side, pay attention to the pressure range around 900 - 1030.
For spot trading, it is recommended to stay patient for a while. Wait until the increase reaches 50 points, which is around 1130, before considering exiting, ensuring a stable harvest of profits. Meme coins, the only two you can play with, it's up to you whether you can handle it.
Ethereum has been struggling lately. If you want to wait for it to return to the 3000 price level, you might have to wait until Vitalik is old. From the market structure perspective, above 2100, there are a lot of trapped positions, and the pressure to break even is immense; while below 1750 is where the market makers have clustered their chips. Suggestion: If the price retraces to around 1475, you can boldly go long, with a stop loss set at 1400, risking a small amount for a larger gain; when it rebounds to 1750, reverse and go short, with a stop loss at 1820. If you prefer a spot position, aim to enter below 1500, hold it for a while, and take profits when it rises to around 2000.
On April 21, Ethereum is set to undergo a major upgrade, which is its last chance this year. Everyone hopes it can pull off a surprise like in 2021 and outpace Bitcoin in terms of profit speed.
If it can't achieve this, many people's confidence in it will be lost, and in the next bull market, it is estimated that no one will be willing to hold Ethereum. It all depends on whether this upgrade can succeed.
This morning, the US stock market closed lower, and BTC was not spared, following suit with a decline. As reminded yesterday, the previous rally was merely a rebound; it's time to take profits. The current drop in ETH and SOL is clear evidence of this.
Next, on one hand, there are the unpredictable comments from the wise king regarding interest rates, and on the other hand, the GDP data will be released at the end of the month.
Previously, the market has been buzzing about recession expectations. For those hoping for an altcoin season, it’s important to understand that varying degrees of recession will affect differently: a mild recession can be handled, but if we fall into a deep recession, the easing cycle will be delayed, and the altcoin season will be out of reach.
Currently, the market expects a rate cut in June, but this may not necessarily be good news. The key is to look at the reasons behind the rate cut; if Powell's wording leads the market to interpret it as a recession-style rate cut, panic sentiment will surely return.
Therefore, one still shouldn't be too ambitious. Or simply stay in cash and watch the show.