On April 16, due to ongoing concerns that Trump's tariffs will impact the U.S. economy, the dollar fell. Jefferies economist Mohit Kumar stated in a report, "People are questioning the credibility of American exceptionalism and the dollar as a reserve currency." He said that in the medium term, tariffs could undermine U.S. reliability, and investors will seek other destinations. He indicated that the era of a strong dollar has peaked, and the dollar may continue to weaken. As central banks around the world seek to reduce their dependence on the dollar, gold prices may benefit.
Stimulated by Upbit's announcement to list WCT, the price of WCT soared over 60% in the past 24 hours, breaking the $0.5 barrier and reaching a high of $0.55, setting a new record since its listing. The Binance WCT/USDT trading pair performed particularly well, with trading volume surging 40 times within ten minutes of its listing, and the total trading volume over 24 hours reached $252 million, an increase of 895.1% compared to the previous day. CoinGecko data shows that WCT's current price fluctuates between $0.49 and $0.5, and although there was a correction of 16.6% to 20.75% on the first day of listing, market enthusiasm remains high. #币安Alpha上新
Experts say that SOL should pay attention to the support level at 122 and the resistance level at 149. Now that it’s at 125, do you think it can hold support?
Ethereum: Looking at the daily chart, Ethereum's trend has been relatively weak, with current short positions yielding about 40 points in profit. The rebound is basically weak, with small fluctuations whether it goes up or down. In trading, it can be directly compared to Bitcoin; short positions can continue to be held, maintaining the target range of 1500-1400 unchanged. Those who have not entered the market can lay out directly and manage their own entry opportunities; for short-term trading, control risks, and manage profits and losses on your own; #巨鲸动向
From the daily chart, Bitcoin is under pressure above, with resistance from the 200-day moving average and the previous accumulation zone. After a price increase, it faced pressure, resulting in a long upper shadow and a bearish close, indicating that the market is strongly bearish, and the downtrend will continue. The average price of the short positions we set up earlier is around 85500, currently with a profit of about 1800 points. We can reduce positions and use a trailing stop to continue holding, targeting the 80000-77500 range. If you haven't fully exited near the high point of around 84, you can enter the market yourself. For short-term trading, control the risk and manage your own profit and loss.
Daily Cryptocurrency Update Summary (2025-04-16) 1. Bitcoin's 14-year return rate reached 7.2 million%, far exceeding the S&P 500 index's 306% and gold's 116%. 2. Standard Chartered Bank: It is expected that the supply of stablecoins will surge to $2 trillion by 2028. 3. Survey: 91 central banks worldwide currently have no investments in digital assets, with over half opposing Bitcoin as a strategic reserve. 4. State Street Hong Kong: Plans to increase its digital asset management scale to $5 billion and launch a crypto investment application with Galaxy. 5. The U.S. SEC has completed its financial disclosure review of Coinbase after more than two years, without requiring amendments or restatements. 6. OKX announces expansion to the U.S. and establishes a regional headquarters in California. 7. VanEck proposes issuing government bonds linked to Bitcoin to offset the $14 trillion U.S. debt. 8. Tether strategically invests in Fizen to advance the global application of stablecoins and self-custody payment solutions. 9. ZKsync confirms the leak of the airdrop contract administrator's private key, resulting in approximately $5 million in ZK being stolen and sold. 10. TD Cowen: Political risks in the crypto industry are rising, as Trump's crypto investments may hinder U.S. regulatory legislation. 11. Mantra CEO pledges to burn his holdings of OM tokens to regain investor trust. 12. Semler Scientific applies to issue $500 million in securities to purchase more Bitcoin. 13. Crypto company Hayvn was fined $12.45 million and had its license revoked in Abu Dhabi due to a lack of anti-money laundering controls. 14. Insider: Trump will launch a real estate-themed crypto game, possibly resembling Monopoly.
On April 15, according to the official announcement, Binance will remove the VIDT/BTC spot trading pair and cease trading on April 15, 2025, at 16:30 (UTC+8). Please take note.
Bank of America Survey: 82% of respondents believe the global economy will weaken, reaching the highest level in 30 years. This news has actually been anticipated for a while; both the real economy and finance have entered a state of fatigue. For finance to recover, a new track is needed, and right now that track is the cryptocurrency space, as it has already reached a certain scale. As long as things are not chaotic, this track will have the potential for a turnaround.
Ethereum also experienced significant fluctuations during the day, failing to break through the 1690 level twice last night, resulting in a pullback under pressure. After multiple tests around the 1600 area in the early morning, it fell into a narrow range of fluctuations due to insufficient trading volume. On the four-hour level, the market alternates between small bearish and bullish candles above the middle band of the Bollinger Bands, with the bands gradually narrowing, leading to a standoff between bulls and bears. However, the MACD indicator values are in the negative zone, indicating an overall weak trend in fluctuations. On the one-hour level, the market has had four consecutive bearish candles breaking below the middle band of the Bollinger Bands, with resistance levels above at 1650 and 1690. Only when the closing price stabilizes above 1650 on the four-hour level can there be hope for a breakout above 1700. If the rebound fails to break through 1650, the market will continue its weak downward trend, with support levels to watch around 1555-1500 and 1480.
Bitcoin has recently encountered resistance in its upward movement, with the trend leaning towards a downward direction. Currently, the market is lacking momentum in the process of correcting upward. Last night, it rebounded strongly to the 85700 level, but subsequently fell back under pressure to the 83600 level, entering a phase of fluctuation and correction. It is currently consolidating around 84600.
From a technical analysis perspective, the four-hour K-line chart shows a clear top divergence structure. The DIF and DEA indicators have begun to spread downwards from a high position, diverging from the upward trend of the K-line, indicating a weakening of upward momentum. If the four-hour K-line can stabilize above 84200 again, the market is expected to challenge the 86000 resistance level. If it successfully breaks through, the upper target can be aimed at around 87500/88300. Conversely, if the four-hour K-line fails to stabilize above 84500, the market is expected to pull back and test lower levels, with support levels at 83000/81800 and around 81000.
The Ether daily line yesterday dropped from a high of around 1670 to a low of around 1470, closing near 1520. The support below is around 1475; if it breaks, it could look towards 1400. A pullback could allow for buying nearby. The resistance above is near MA14; if it breaks, it could look towards MA14. A rebound to near this level could allow for selling. The MACD shows a decrease in bearish momentum. The four-hour resistance is around 1600; if it breaks, it could look towards MA60. A rebound to near this level could allow for selling. The MACD indicates an increase in bullish momentum.
The daily chart of the pancake fell from a high of around 82750 to a low of around 78450 yesterday, closing near 79600. The support level below is around 78500; if it breaks, we can look to MA76550. A pullback can be used to go long nearby. The resistance level above is around MA14; if it breaks, we can look to MA30. A rebound nearby can be used to go short. The MACD shows a bearish reduction in volume with signs of a golden cross forming. The support level in the four-hour chart is around MA14; if it breaks, we can look to MA30. A pullback can be used to go long nearby. The resistance level above is around MA90; if it breaks, we can look to MA200. A rebound nearby can be used to go short. The MACD shows a bullish increase in volume. #加密市场反弹
From the daily chart of Ethereum, there was a significant rebound yesterday, with the price forming a short-term double bottom pattern around the 1400 support level. Pay attention to the breakthrough of the daily MA10 moving average resistance at 1700. On the hourly chart, the price is currently fluctuating around the MA120 moving average at 1615, so watch for whether the pullback can continue. #美国加征关税
From the daily chart of Bitcoin, last night due to Trump's tariff issues, the US stock market surged significantly, and a solid bullish candle was formed. The price directly broke through the daily MA256 moving average and rebounded to the resistance level of the MA30 moving average. During the day, pay attention to the breakout situation at the 8.35 resistance level and the 8.1 support level. On the 4-hour chart, after the price rebounded to the MA120 moving average, a short-term correction occurred. It is recommended to first take a short position and then go long for the day. #美国加征关税
From the daily chart of Ethereum, the price fell again yesterday, with the daily line continuously closing with green K-lines. The overall trend is consistently showing a one-sided weak downward trend, as analyzed in yesterday's article. If the price cannot break through the resistance level of 1600-1640 in the next few days, it should continue to be treated as bearish. #币安投票上币
From the daily chart perspective, Bitcoin's movement yesterday was basically consistent with the analysis in the afternoon article. The price rebounded to the daily MA256 moving average and then fell again, forming a green candlestick with an upper shadow. Currently, the key short-term support only needs to focus on the weekly MA60 moving average at the 7.45 level. If the downward trend continues and breaks below 7.45, a significant correction will reopen in the short term. Conversely, if it holds above 7.45, the current downward trend will temporarily stop.
From the daily chart of Ethereum, yesterday's price reached near the MA30 moving average at 1960, and then fell back to the support level of around 1800. On the 4-hour chart, yesterday's price peaked at around 1950, with short-term support seen at around 1780, and resistance levels at 1845/1865.
From the daily chart of Bitcoin, yesterday's price formed a green candlestick with a long upper shadow. The price approached the resistance level of the 60-day moving average, and after a pullback, it returned below the 30-day moving average, specifically below 8.45. During the day, pay attention to whether the price can break through and stabilize above 8.45. Meanwhile, on the hourly chart, the price has once again fallen below the 256-day moving average. For short-term resistance, focus on 8.45/8.5, while for support, pay attention to 8.07. #巨鲸动向