MARKET COMMENTARY 4/8

- BTC PRICE IS CURRENTLY ON TRUE ACCORDING TO PLAN 1 ON APRIL 5TH, SO HOW WILL IT CHANGE THIS WEEK?

- Frame W (Week): Last week BTC had strong fluctuations when at the beginning of the week there was a price adjustment to 64kx. By the middle and end of the week after printing an additional 3B$, the market turned green and fluctuated around the mark. 66kx-70k, closing the weekly candle formed a hanging man candle at the top of the uptrend. This seems to be a bad signal, signaling a possible upcoming downtrend.

- Frame D (Day): In the last 2 days of the weekend, although there was not much cash flow into the market, the price of BTC still increased steadily and reached the 70k3 mark, touching the upper boundary of the spring roll model, withdrawing the beard and forming In the inverted hammer candle, the signal is also clearer, showing that sellers are participating and trying to push the price down.

- H4 frame: BTC candlestick is currently moving sideways around the 69kx mark, however the 69k5 area is a healthy selling zone when the price is kept well here, it can be seen that the buyers are weakening and the sellers are stepping in to push the price down.

=> With the current situation, AE can place a light SHORT order at this price, place another SHORT order at 70k2, SL 72K and TP 67K. In case the price of BTC closes the entire candle body at the 72k mark, breaking through the upper edge, then we will stand outside and consider entering an order to find a better position.

As for ALTcoin, BTC.D is currently showing signs of returning to the previous 55 resistance area. If we go down from here, there will be a very nice upward momentum for ALTcoin this week. If we can break through this zone, BTC.D will grow strongly to 57-59. At this time, ALTcoin will have an adjustment rhythm for us to gradually collect SPOT.

Recent money is pouring into memecoin, fantoken and brc20

WISH YOU GOOD LUCK IN TRADING!