The liquidation heatmap shows a large accumulation of short positions near 96,000 points.
Currently, the long positions in the contract are extremely low, and the market tends to squeeze short positions. Combined with the technical pattern of high-level consolidation, the market may reach new highs again, and blindly shorting is not recommended.
Cryptocurrency Industry News Overview 1. Strategy Increase: Last week purchased 14 billion USD worth of 15,400 BTC, now holding 554,000 BTC (valued at 52.3 billion), stock issuance plan is over half completed, remaining 128 million USD to be issued
2. Stablecoin Landscape: USDT accounts for 66%, USDC accounts for 28% dominating the market, USDC is accelerating growth due to regulatory improvements but faces competition from traditional giants
3. Ethereum Upgrade: Fusaka hard fork will take place in Q3/Q4, including EVM object format upgrade
4. Mastercard's Layout: On April 28, launching a global stablecoin payment system, partnering with OKX to promote the “OKX Card,” supporting 150 million merchants for crypto consumption and USDC settlement
5. OKX New Developments: OKX Pay launched, partnering with Mastercard to promote the OKX Card, accelerating the globalization of crypto payments
6. Institutional Holding Competition: BlackRock's IBIT and Strategy Bitcoin holdings difference narrowed to 20,000 BTC
7. TRUMP Volatility: 1.346 million TRUMP tokens transferred to exchanges 9 hours ago, potentially affecting token liquidity
PENGU Operating Strategy PENGU is currently in the pullback phase of the main uptrend, and the operating suggestions are as follows: 1. Short-term: Enter after the StochRSI indicator generates a golden cross to seize the rebound opportunity.
2. Medium to long-term: The price stabilizes above the EMA(25) moving average, maintaining a bullish outlook.
3. Risk Warning: If a breakout with increased volume occurs, be cautious of a shift to a sideways market.
The heavy data is coming on Wednesday, and the financial market may face severe fluctuations This Wednesday, the U.S. first-quarter GDP and March PCE data will be released, and this set of data will become a key factor in determining the market direction.
From a cyclical perspective, if the market shows an upward trend on Monday and Tuesday, there is a high probability that there will be a correction on Wednesday, and this data release is likely to become the trigger for market turbulence.
As a core indicator of economic conditions, the U.S. first-quarter GDP is under close scrutiny, with market expectations at only 0.4%.
If the actual data exceeds expectations, U.S. stocks and risk assets like BTC are expected to continue their upward momentum; conversely, if the data falls short of expectations, the market may face severe fluctuations.
At the same time, the PCE data cannot be ignored as it directly reflects inflationary pressure.
Due to the impact of the March tariff increase, there is upward pressure on prices, and if the PCE data rises sharply, it may trigger panic in the market, exacerbating market volatility.
This key point on Wednesday will undoubtedly become the focal point of investors' close attention.
Analysis and Strategy of Altcoin Market Phases The rise and fall of altcoins can be divided into four phases: turning points, testing, unilateral, and acceleration.
Currently, most altcoins like AXL and JUP are at turning points, while a small number like BCH and XRP have entered the testing phase. Only a few, such as SUI and TRUMP, have shown unilateral rises, and acceleration has yet to appear.
This indicates that the market is far from completing a trend reversal, with insufficient consensus among investors and an unstable price structure.
The best strategy at this time is to patiently select high-potential targets, wait for the market to mature, and avoid blindly chasing prices or anxiously missing out.
Five Major Rules for Self-Rescue of Retail Investors 1. Beware of Trading Tactics: Don't chase high prices during rapid rises and falls; be cautious of getting trapped during weak rebounds.
2. Distinguish True from False News: Avoid risks when there are positive news at high levels; look for opportunities when there are negative news at low levels.
3. Grasp Volume Signals: Be cautious of false breakouts during large volumes at new highs; exit quickly during volume-less rises; observe first during volume increases at the bottom, then enter when sustained growth is confirmed.
4. Counter-Intuitive Actions: Exit during market euphoria, position during panic selling, stick to mainstream cryptocurrencies, and stay away from worthless coins.
5. Core of Profitability: Choose the right sector for long-term holding, abandon the mindset of getting rich quick, and rely on compound interest for steady profits.
Bitcoin Monday Trend Analysis and Trading Suggestions After a weekend of downward fluctuations, Bitcoin broke below 93,000 early Monday morning, hitting a low of 92,700 before rebounding and now returning above 94,000.
Today, we focus on two key points: Whether the upper level of 95,000 can break through and stabilize, which is crucial for the continuation of the bulls;
The lower level of 92,700 serves as the early session low, providing clear support.
If 95,000 cannot be broken, the market may continue to fluctuate.
It is suggested to first observe the breakout situation of the upper pressure.
Trading suggestion: Go long in the range of 93,800-94,000, with a target price of 95,000-95,500.
SOL is currently in a pullback phase and may provide an opportunity to go long.
Previously, the rebound at the 145 position was weak and has broken down, with key support levels below at the 141 and 135 areas, where the 141 area is an important defense line. If it can hold, a subsequent rebound is expected.
Once the price falls to the 135 area, the rebound momentum is expected to weaken significantly.
4.28 Monday Morning Market Analysis As Labor Day approaches, referencing the trends from the past few weeks, a rebound may occur on Monday. Bitcoin surged to 945 at midnight before falling back, currently adjusting at 937, with significant resistance above.
If it can stabilize above 930 in the short term, there is a possibility for further upward movement. It is expected to pull back to 930 and then rebound to 960, but after encountering resistance, it may drop to 920, requiring flexible responses.
From a technical perspective, the price is above the middle band of the Bollinger Bands, oscillating at a high level with both bullish and bearish pressures.
The MACD is negative and both the fast and slow lines are moving downwards, indicating that bears currently have the upper hand;
The RSI has fallen from the overbought zone to neutral, suggesting that market sentiment is stabilizing. It is recommended to buy on dips and to set stop-losses.
Trading Suggestions: - BTC: Buy on a pullback to 925-930, target 943-950
- ETH: Buy on a pullback to 1740-1760, target 1820-1850
On April 9, Trump announced a 90-day suspension of new tariffs for over 70 countries and regions, except for China, keeping a 10% base tariff, with the grace period expiring in early July, aimed at promoting trade negotiations.
However, at the same time, he will increase tariffs on China to 145% and stated that they will not be reduced unless China makes 'substantial concessions'.
Currently, the Trump administration is also considering significantly lowering tariffs on some Chinese goods, with reductions exceeding 50%, and some rates may drop to between 35% and 65%.
Trump's tariff policy has caused a huge uproar in the United States, with 12 states filing a joint lawsuit against his overreach, affecting economic stability, and major donors and economic experts have also criticized it.
Internationally, European Commission President Ursula von der Leyen and others in Europe welcomed the suspension of tariffs and postponed retaliatory tariffs against the U.S.
Recently, new projects have been emerging on the chain, and the platform BANK, which focuses on token launches, has garnered significant attention.
The meme token it launched quickly became popular, driving up the price of the BANK token.
From a technical perspective, the hourly chart shows a bullish divergence signal for the BANK token, combined with the boost from on-chain meme hotspots, leading to a rapid short-term increase.
The current price has reached a resistance zone, and whether it can effectively break through is crucial and worth continuous attention.
In investing in MEME coins, I always adhere to my self-created "Four No-Run" principles: 1. When in loss: the project's fundamentals are solid, the team encourages long-term holding, choose to trust firmly;
2. When in profit: cherish the hard-earned gains, do not sell easily;
3. When in fluctuation: be optimistic about the potential of emerging projects, patiently wait for the team's actions and market explosion;
4. When nearing zero: do not give up easily, hold on until the end.
Investing in MEME coins is not only a game with the market but also a dual test of faith and patience.
In the past two days in the market, those that outperform Bitcoin are the truly strong coins, those that follow Bitcoin's trend are quality coins, and those with no volatility are weak coins.
Operating principle: Focus on strong and quality coins, confirm fund entry and clear structure before firmly holding, and exit when key support is broken.
Avoid betting on weak coins, do not hope for them to rebound, and prevent ineffective holdings from wasting time.
Happy weekend! The recent altcoin market is hot, with memefi, turbo, moodeng, bonk, and other coins experiencing rapid growth, and many people have already made considerable profits.
Currently, Bitcoin is experiencing low volatility, making it a great opportunity to take advantage of the altcoin market, don't miss out!