2024.4.4 Market Analysis

The direction is clear and can be analyzed without simulation. It is for reference only.

News: Today’s Panic and Greed Index is 70. 1. Tether Treasury minted an additional 1 billion USDT. 2. Fed Governor Coogler: It may be appropriate to lower interest rates this year. 3. Ethereum researchers released the EIP-7623 research report, which plans to increase the cost of calling data for DA in transactions. 4. Yesterday, the Bitcoin spot ETF had a net inflow of US$114 million. 5. VanEck Report: It is predicted that the market value of Ethereum L2 will reach US$1 trillion by 2030. 6. Binance supports BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20) network upgrades and hard forks. 7. The non-agricultural and unemployment data will be released at 20:30 on Friday night. If it is higher than expected, it will be negative, and if it is lower than expected, it will be positive.

Technical aspect: The pie has reached a critical moment of decisive battle again. Tomorrow night's data is very important. The weekly level is very poor. It currently shows a big negative line, with negative and positive signs. It depends on whether it can close up next Monday. The daily level fell below the EMA30 daily moving average, and there are two important supports below, 63000-60000. These two positions are very critical. The market will not be settled in one fell swoop. You can wait until it rebounds to around 68500 to reduce 3-4 layers of positions. The 4-hour level ant channel is closed and is on a downward trend. If the 200-day moving average does not fall below, there will be a rebound. MACD has signs of bottom divergence. We will see how the non-agricultural data tomorrow night affects the market. Act according to the opportunity. The bull market is not over yet. There are many copycats. They are still in a price depression, and the short-term correction is for better long-term growth! $BTC