After Bitcoin returned above 70,000 yesterday morning, the downward momentum of the bears has become lower and lower, and as the technical adjustment gradually enters the final stage, the bottom of Bitcoin is also slowly rising. The current high-level chip pressure range is between 72,000 and 74,000 points. The sudden change in the short-term market started with a strong breakthrough of the pressure zone to create a new high.

Of course, from the perspective of market sentiment, the probability of Bitcoin hitting a new high is still low. The fact that the bull market trend remains unchanged does not mean that Bitcoin will continue to hit new highs. Clean-ups must be a cyclical behavior that must be carried out at every stage. With Bitcoin about to be halved and Grayscale GBTC selling starting to surge, it is entirely possible that Bitcoin will continue to hit a wave downwards and lure shorts for the last time before hitting a new high.

Yesterday, the total net inflow of ETFs reached 91 million US dollars, about 1,294 bitcoins. The core inflow institution was still BlackRock, and the majority of outflows were still on Grayscale GBTC. As for when the selling turning point of Grayscale GBTC will appear, the Grayscale Fund itself probably feels the urgency of the matter as it has already sold more than 50%. The asset management assets have been halved before the bitcoin has been halved, which is definitely unable to keep up with the rhythm of the second half of the bull market.

In addition, we still have to focus on the issue of market liquidity. The reasons for each bull market are different, such as the ICO in 2017, the Defi in the last bull market, and the catalyst ETF in this round. However, with the surge in the size of the crypto market, especially when ETF funds are only retained in Bitcoin, the liquidity funds of the cottage are in a completely precarious state.

This is also the reason why most of the copycats rebound slightly every time the big bitcoin pulls up, and every time it falls, the copycats return directly to the starting point. Will the copycats have a future in the later stage? There is no doubt about this. The leaders of each sector, those with good narratives and high-quality underlying logic will definitely have opportunities, provided that we can survive until that stage.

Reasonable holding logic, Uncle San has always said that our core mainstream should account for half of the position, that is, Bitcoin and Ethereum must account for half of the position. Throughout any bull market cycle in history, Bitcoin and Ethereum are definitely not the coins with the highest increase, but when risks come, they must be the coins with the most value-preserving properties. How much floating profit can be made at the beginning of the market is secondary, and how much can be pocketed at the end of the market is the most important.

Therefore, when the market liquidity is not enough to support the general rise of the market, it is particularly important to abandon the weak sectors and choose projects with high capital attention. In the past few days, we have been saying that we will focus on fan tokens and AI sectors in the next quarter. In the small direction, if a new round of market starts after the halving of the big cake next week, the first to be able to stand out should be the inscription head, re-staking and meme series.

Inscriptions must be a topic that cannot be avoided in this round of bull market. I have noticed that many partners did not make money from inscriptions. The fundamental reason is that they rose too much in the early stage, and then they chased high. This sector currently only focuses on ordi. If you have a comprehensive analysis of the entire cottage market, you will know that when the cottage market fell by 30%, ordi was almost above 70 US dollars, and the monthly triangle consolidation has been within the framework.

As for the re-pledge sector, the valuation has reached its peak and I believe there is still at least two times the room to grow. Therefore, if there are opportunities in the next three days, such as ENA and ETHFI, it is possible to find opportunities to bet on medium- and long-term expectations.

Meme is beyond words. The market heat given by SOL since its launch is still there. Once the market starts, this sector will continue to be hyped. It is nothing more than a question of old coins or new coins. For old coins, we are currently only paying attention to doge. Both the weekly and monthly lines are in the form of new highs. For new coins, we will see which one will stand out in the later stage.

The above brief descriptions are all the parts that require a period of time to see the results. Ultra-short-term can be temporarily detoured. At the end of the market adjustment, the big one is coming, so hold on to the currency and wait.

BTC: Let me briefly talk about it. The technical side is currently at the end of the daily triangle consolidation. The direction is consistent with previous expectations. It bottomed out in the middle of the month and started to reach a new high in the second half of the month. So it is better to buy the bottom in batches. If you encounter a short-term spike, don't hesitate to enter the market directly. If you have enough positions, just be patient and wait for the end of this period.

ETH: The Ether position has always been relatively moderate, there is really nothing to say, the weakness is linked to Bitcoin. The judgment of breaking the historical high before the end of May remains unchanged, so I will leave it here.

TNSR: The decline is a bit dragging. Judging from the buy and sell data, the bottom strong support is calculated to be around 1.2 points. From the cost-effectiveness point of view, even if there is an entry at 1.6 points, there are still advantages in holding in the short and medium term. Let's seek to trap and then seek profit.

ORDI: Let's talk about inscriptions. From the perspective of the sector narrative, it is difficult for inscriptions to reach a new high. However, the leading stocks led by ordi have a great chance of reaching a new high after this round of adjustments. Ordi's current technical bottom and top patterns are very clear. Except for the first time when it bought for five dollars and got a big result, the latest focus is around 75 points. In the short term, inscriptions are not cost-effective, but in the long term, they are very stable. If a new round of market starts, the high point is expected to be around 110 points. Everyone can participate according to their own situation.

Others: The target of replenishment will continue to buy at low prices during the week, and it is expected that the focus will be on speculation after mid-April. In addition, the AI ​​sector has risen slightly. If the current basic market is stabilized in the short term, a new round of new highs is expected after the big pie wash is over. Keep looking forward to it.

Finally, stay away from leverage and stock up on spot goods! ​​​#比特币减半 #CPI数据 #Meme $BTC