Affected by the market CPI exceeding expectations, Bitcoin fell back to around $67,000 after the CPI results came out, and then the market began to rebound, breaking through $71,000 in the morning. With less than 9 days left for Bitcoin's fourth halving, gas on the Bitcoin chain rebounded.
Market hot spots:
The SEC sued Uniswap and sent a Wells notice to Uniswap.
Stimulated by the expectation of a new round of BNB mining, BNB broke through 600 US dollars, reaching a maximum of 610 US dollars. The returns from the recent rounds of BNB new issuances have been higher than the last, and the wealth effect has exploded. In a bull market, liquidity is king. Where there is the best liquidity and the most users, that is where wealth gathers.
Aevo platform Pre-Launch launched Swell (SWELL), and users can trade SWELL before its official release. The current market forecast is that Binance's new pool may be Swell.
GBTC's net outflow yesterday was only US$17.5 million, setting a record low.
Affected by the approaching Bitcoin halving, the gas fee of the Bitcoin network has begun to pick up in recent days, reaching a maximum of over 100 gas last night, and new issuances on the Bitcoin chain are showing signs of picking up.
On April 11, Web3 social protocol Tomo announced the completion of a $3.5 million seed round of financing, led by Polychain Capital.
After the acquisition, the Simplify ERC314 protocol completed the conversion of SIMP and SAGE to EV.
The TON ecosystem SquidTG (SQD) project has completed its IDO, with more than 21w tons participating in the new issuance. SQD tokens will be claimed at 16:00 Beijing time.
Technical aspects:
Bitcoin broke through the triangle yesterday and fell sharply. It can be confirmed that the triangle structure has failed to break through and has returned to range fluctuations. If the short-term rebound cannot stand at 70,000, it will continue to fall. The overall structure is still bullish, and a new round of rise will begin after the shock ends.
At present, many coins are at the best time to enter the market. We can never buy at the lowest point, nor can we sell at the highest point. Don’t always come to ask if you can still enter when the coin is rising sharply, and don’t always come to ask if you should sell now after the coin has fallen sharply. Those are the thinking and behavior of leeks. The trading market itself does not produce money. Every penny you earn is the money lost by others in this market. The best way is to identify the general direction, enter the market in batches at similar positions, and continue to cover the position if it falls. Brothers who have already held positions and are trapped, don’t panic, let alone cut losses, just hold the valuable coins in your hands and wait for takeoff. Don’t look at the market or open the exchange if you are in a bad mood.
Wealth Code Reference Price:
Bome 0.012U near the market
Saga 6u or below entry
DYDX 3u Nearby Entry
PIXEL 0.6U Nearby Entry
SSV 45~48U Arrival
ENS 20U Nearby Entry
ENA fell back to $1.2 yesterday and entered the market again. This coin is really strong and has been bought several times. Don't move your long-term positions. If your short-term positions are profitable, just sell them. Don't be afraid of selling them at a loss. Selling them at a loss means you have made money.
I have summarized the coins you can buy. For long-term trading, I recommend a 7-tier position.
ETH, the next wave of speculation by the dog dealer is the ETH ETF event
AR, will launch the public chain AO this year, and the callback will be complete
FTM will be launched on Sonic high-performance public chain, long-term holding
CHR, a potential public chain, has a thorough callback
ALT, with strong fundamentals and pledge rollup, has a current market value of $600 million, and it is possible to reach $1 billion in a bull market
Matic, will start coin swap around June, layer2+zkEVM leader
In the bull market cycle, if you don't want to miss this bull market, don't be confused by short-term ups and downs. What you need to deploy spot is patience. Don't panic even if the spot is trapped in the short term. As long as the fundamentals of the coin are good, the ecology and the sector it is in are good, then after the halving of the bitcoin, the bull market will rise. If you have deployed spot since last year and can hold on to it until now, you can get one, two, or five times the value.
In previous bull market cycles, there would be advance speculation before the Bitcoin halving and the Fed’s interest rate cuts, and the prices would fall after landing and then continue to rise. However, this cycle may be different after the SEC approved the Bitcoin spot ETF. I believe it will be more powerful and there is no doubt that it will start a bull market, so we are right to hold on to our spot firmly!
Currently, the only truly original blockchain is the Bitcoin ecosystem. Although what has been done in Ethereum will be repeated here, it is not a simple copy and most of it is original.
For example, the inscriptions of the Bitcoin ecosystem, BRC420, runes, and the extremely innovative RGB++ are all innovations in the coin issuance model, which are completely different from Ethereum’s smart contracts.
For example, although Merlin L2 EVM and Ethereum will also use POS, Merlin's POS will use BTC as a node. After the BRC420 protocol is upgraded, the assets of 420 can be exchanged for any public chain ecosystem tokens, which is called one picture for N coins. These are things that Ethereum has never had before.
To sum up briefly, the real big opportunity at present lies in the Bitcoin ecosystem. There are many new things here, all of which are original and have never been seen before. It is still in its early stages, equivalent to Ethereum in 2016. It will slowly mature in the next cycle, and only by standing on the top of the mountain can you see farther.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
Create a high-quality circle, mainly to explain the basic industry knowledge of the currency circle, the recommendation of market potential coins and altcoins! The rotation of hot sectors, the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of other knowledge. If you are interested, you can find me on the homepage.