At present, the market is in a wide range of shocks, ranging from 68500 to 72600. Fortunately, there are signs that the adjustment is slowly coming to an end on the technical side. The Ethereum exchange rate rebounded after inserting the support of 0.05, and the trend began to be stronger than that of the market, and this This situation will last for a period of time, which means that the recent strength of Ether on the market has led to a wave of rise in copycats, and the market’s money-making effect has been strengthened again.
After 3 days on Binance, the market value of BOME fell back after opening at 1.6 billion, and is currently around 830 million. Now the daily trading volume of BOME on Binance is only half of the previous one. I think many experienced friends, especially those who understand the trading routines, must know that BOME will continue to pull up after a wash. It’s just that I don’t know when and whether I can hold it. What is the best position to buy at the bottom?
After all, shib, doge, pepe, bonk, and floki all washed their stocks after listing on Binance, and then pulled up again, with the lowest being 5 times (bonk) and the highest being 10-20 times (pepe and floki). If you look closely at the monthly charts of these stocks, you will find that the wash-out after the opening and the subsequent pull-up were all under the circumstances of BTC hitting a new high or BTC rising sharply, and the sentiment was extremely fomo. The daily chart started to rise with large volume.
Most market makers pull orders when they are in the most FOMO mood and when there is the most hot money in the market. Who is going to pull orders when they are so panicked?
Of course, some people will ask, didn’t it hit 48,700 on 1.11 before? And what about the period at the end of October last year? Yes, in those two times, the market rose again, the sentiment was also good, and the meme project mentioned above also pulled up, but it was not much, a few dozen points, at most less than 200 points. Generally, the daily trading volume rose in large volume, breaking through the previous decline, and it would not fall quickly, and it would naturally start. Then it rose to a circulating market value of nearly 3-4.5 billion US dollars.
Some people here may ask, no, that wif is not the case. Binance continued to rise at the opening, and it is still rising today. Yes, but before being listed on Binance and before starting a massive increase in volume at the end of February, wif had experienced more than a month of washout. The current market value has exceeded Pepe’s previous peak of US$4.5 billion.
Okay, my friends must say, I understand, bome, now it’s about 770 million, buy it, hold it, how many times more can you eat?
The daily trading volume of BOME on Binance is now only half of what it was before. I think there are many experienced friends, especially those who know trading routines. I know for sure that if Bome is washed next, there is a high probability that it will continue to pull the market.
I just don’t know when and if I can hold on to it. What is the best position to buy at the bottom? After all, shib, doge, pepe, bonk, floki were all washed out after listing on Binance and then pulled up again. The lowest one was 5 times (bonk), and the highest one was 10-20 times (pepe, floki).
If you look carefully at the monthly charts of these months, you will find that the market was washed after the opening, and then pulled again when Bitcoin reached new highs or Bitcoin surged, and the mood was extremely fomo. Start the daily heavy volume increase. Most bankers pull the market when they are in the most FOMO mood and when the market has the most hot money. Who is so panicked? Of course, some people will ask, what about the period at the end of October last year? For those two times, the market rose again and the mood was good. The meme items mentioned above also pulled, but not much, just dozens of points, and less than 200 points at most.
Generally, the daily trading volume increases and breaks through the previous decline. It does not continue quickly and starts naturally. Then it rises to close to the circulating market value of 3-4.5 billion US dollars.
Some people here may ask, that’s not right, that wif is not the case. Binance continued to rise at the opening, and it is still rising today. Yes, but before being listed on Binance and before starting a massive increase in volume at the end of February, wif had experienced more than a month of washout. The current market value has exceeded Pepe’s previous peak of US$4.5 billion. Okay, my friends must say, I understand, bome is now about 770 million, buy it, hold it, and how many times more can you eat.
First of all, you don’t know if there will be a better bargaining price. Don’t forget that before the decline stabilizes, it is possible that the daily level will continue to fall, and the trading volume is also very low. For example, pepe, bonk, etc.
And when will the next time Bitcoin rises sharply or breaks through or even reaches a new high to bring about emotional FOMO? The interest rate hike is currently suspended, and the mood should still be okay between now and the halving day. It depends on whether ETFs and funds are strong enough; so we will see if they can drive emotions later. Emotions drive funds and continue to rise. Once the halving day has passed, although the May 1 interest rate meeting will not raise interest rates, what happens next? Moreover, historical data shows that prices fell in the two months after the halving. So we’ll see again in April and May to see if ETFs can hold on to their emotions and continue FOMO.
April is the month of Bitcoin halving, and there are only 19 days until Bitcoin halving.
The market expects that both the eye-catching Merlin and some other Bitcoin L2s will issue coins in April.
In the Bitcoin ecosystem, I have always held ordi, stx and map.
stx has made a lot of money, but the performance of ordi and map has been too weak recently. In addition, the Merlin ecosystem will be quite good, so everyone can pay more attention to it.
After the Bitcoin halving, there will be a big bull market. How should we plan the spot market in the big bull market brought about by the halving? Observe the following hot spots:
1. MEME: BOME, the MEME with the fastest listing speed on Binance and the smallest market capitalization on Binance, as well as the PUPPIES mentioned earlier.
2. The leader of the DEPIN concept: IOTX. Its Internet of Things protocol is actually similar to rwa's tokenization of real-world assets, so it designs the RWA concept itself. IOTX will be deeply integrated with SOL, and its technology can be used in DEPIN technology, which is likely to be speculated in April!
3. AI sector: AI intelligence will be a hot sector in this bull market. AGIX, FET, PHB, WLD, NEAR, etc. are all good layout targets!
4. The second-layer ecological sector of the pie follows the pie. After the pie is halved, there will be a big bull market. STX, ORDI, BADGER, and RIF are also good layout targets.
5. The game sector is related to AI, and both AI and games will be the biggest hits in the bull market. Xai, Magic, AI, YGG, gala, gmt, Pixel, imx, etc. are all good layout objects!
6.Layer2: STRK, the first ZK to be listed on Binance, there is a lot of space!
Looking forward to the violent bull market after the Bitcoin halving!
Today, Monday, Bitcoin closed its weekly chart. The current weekly chart of Bitcoin belongs to the bull market, which is the bullish stage in the early stage of the bull market. There was a signal to stop the decline on the weekly line. Last week, the market closed a hammer line at an important support position, and last week it closed a bullish engulfing pattern in the candle chart. However, from the perspective of bull volume, there was no heavy volume.
Therefore, the next market trend will most likely continue to fluctuate at this position. One thing we must not ignore here is the effectiveness of trend background growth. Under the trend background of a bull market, the probability that the subsequent shocks will end and the market will continue to rise is getting higher and higher.
ETH is still in a weak stage. In addition, judging from the bullish trend on the weekly level, it means that the market will continue to strengthen. The current short-term resistance is still around 3800, and the effective support level is around 3500. You can pay attention to the support near 3500 during the day.
Recommend a few spot passwords:
FORGET
1. Buying point: Buy in batches from 2.75-2.9.
2. The short-term target is around 3.2 (about 14.3% increase), the short-term target is around 3.75 (about 33.9% increase), and the medium- and long-term target is around 5.25 (about 87% increase).
3. The structural damage plan retreat point is 2.35, look for opportunities to buy again.
4. Meet the recommended conditions: technical form, whale base, general environment, selling pressure, news, etc.
5. Manta will unlock 1.87 million tokens on April 1st, worth about 5.45 million US dollars, accounting for 0.75% of the circulating supply. After checking that the consumption is almost there, you can buy it.
JTO
The price at the time of recommendation was 2.7 and has now risen to 4.40, reaching the first target. 40% has been sold, and the remaining 60% will continue to be held, looking forward to the realization of the second goal.
The real thing is to be able to maintain loneliness before you can see prosperity.
Embracing the SOL ecosystem and gaining benefits is not because we have transaction skills, but because we are on the right side of history and embrace one of the great public chains that belong to the future of web3.
PYTH
1. Buying point: buy in batches at 0.89-0.94.
2. Short-term target is around 1.07 (about 16.3% increase), short-term target 2 is around 1.45 (about 57.6% increase), medium- and long-term target is around 1.75 (about 90% increase)
3. The structural damage plan retreat point is 0.77, look for another opportunity to buy.
4. Meet the recommended conditions: technical form, whale base, general environment, selling pressure, news, etc.
5. The oracle sector has been recommended to everyone before. Recently, I found that giant whales are buying, and the market makers are pretty good, so I have reset my target recommendation again.
RIF
First of all, April is the month of Bitcoin, and the Bitcoin ecosystem currency is worth investing in. The project team has been doing things more frequently recently, and the development progress has accelerated. Secondly, the market value of RIF is only 1/20 of STX, but there are 2755 RIFs and 303 STXs in the Lightning Network. The value of RIF is underestimated. Finally, the popularity of Bitcoin L2 will be very high in April, with Merlin issuing coins, STX upgrades, RIF hard forks and other hot spots. We are optimistic about the subsequent performance. It is around 0.30 now, and you can do it in batches. Take the medium and short term.
PIXEL
Pixel had a chance to explode some time ago but was brought down by the market. It is expected to adjust for a period of time. The happy time for the game sector has not yet come. It is recommended to continue to buy low and hold it.
AVAX
There should be no market trend for avax in the near future. The local trend is volatile at first glance. It is recommended to wait and see for a few days.
SUN
The trend of sol in the past two days has not been very strong. Ecological projects are the first to break out. It depends on whether the ecological project can continue to pull the market. If it can continue, it will drive a wave of sol in the short term. The long-term price of sol is 500-1000, and it is mainly to buy low and hold.
With the European Cup in June, fan coins can be deployed. Ethereum ETF45 is likely to be approved in May, and strong coins in the Ethereum ecosystem can pay attention to Bitcoin halving, which may drive the Bitcoin ecosystem.
The 8 most noteworthy currencies in April
● $ETHFI
The Ethereum ETF hype in May is very close, and ETH and the pledge and re-pledge sectors can all be used to ambush at low prices.
• $Apt
- Apt has major benefits in April. It is going to be in the rwa sector. The boss behind it is BlackRock, so there is no big problem.
• $UN
- Among the new $SOL ecological projects (PYTH/JUP/JTO), Jito is the most underestimated.
- Wormhole, Parcl, Zeus Network, Kamino Finance, Ionet, Tensor and Drift Protocol, among others, are preparing for token issuance in April.
- Jito = Lido + Flashbots. JITOSOL is one of the best LSTs on solana.
• $THIS
- New currency listing
Binance will list the 50th Binance Launchpool --Ethena (ENA) at 16:00 on April 2, 2024 (Eastern Eighth District time)
- Ethena Labs’ high revenue (from $sUSDe) could be considered this cycle’s “Luna 2.0”.
- Actively promoted by Arthur Hayes
- It is important to consider the growing importance of KOLs.
- Ethena will add $BTC as collateral, which is expected to accelerate the increase in TVL and be reflected in the $ENA price.
• $BICO
- Biconomy’s solutions are used by global enterprises including JPMorgan Chase and Mercedes-Benz.
- In the latest strategic financing round, Jump Capital/Manifold Trading participated as investors. (Possibility of market making)
- Although relatively unknown, Biconomy is highly related to Tokenization (RWA).
• $PENDLE
- Pendle is the best proxy for Eigenlayer. (Eigen-beta)
- Pendle Finance’s YT product generates returns that are multiples of your principal. (ETHFI/ENA airdrop)
- Stirring fear of missing out (FOMO) in the market, leading to new daily highs in TVL and trading volume for Pendle Finance
- Restaking projects are preparing for their token launches (Zircuit, Renzo, Puffer, Kelp, Swell, BedRock, etc.).
• $SUI
- Sui’s first global conference “Sui Basecamp” is scheduled for April 10-11.
- Speaker line-up includes global companies such as a16z, Visa, VanEck and Red Bull.
- Similar to Aptos, there are rumors that Sui may announce important catalysts during the conference.
• $MANAGER
- The outcome of the Do Kwon case is expected to be announced in April.
- If the outcome is positive or stablekwon X (Twitter) recovers, $LUNA will experience upward momentum.
- The above-mentioned $ENA (LUNA 2.0) upcoming listing on Binance may be a boon.
