The Bitcoin halving did not immediately lead to a massive sell-off as some market participants feared. Although that could change later this week, the $60,000 support area held on April 19.
Comparing the 2020-21 cycle to the 2017-18 rally, we see that long-term whales made profits of over 1,700% in 2017. The respectable 599% figure pales in comparison.
This raises the question of whale profits falling further at the top of this cycle. Therefore, expectations of Bitcoin reaching $200,000 may be too ambitious, but only time will tell.
Yesterday, BTC continued to break upward and has stabilized above 65,000. The market began to stabilize. There was a slight correction at the 66,500 resistance level, and it has now been successfully broken through. Pay attention to the stabilization of 66,500. The cottage can follow up appropriately. ETH rose synchronously with BTC and has stabilized above 3,100. There is no obstacle. Wuq6267 pays attention to the breakthrough of the 3,300 resistance level. The cottage rose synchronously with BTC. Those who have not built a collection can consider building a collection. The subsequent market remains optimistic.
Explore Merlin Chain: An Innovative Second Layer Solution Based on Bitcoin
Merlin Chain is an exciting project that aims to enhance the value of the Bitcoin ecosystem through advanced second-layer technology. This Bitcoin-based platform uses ZK-rollup technology, which greatly improves the scalability of transactions. Merlin Chain also integrates a decentralized oracle network and on-chain fraud proofs, which enable it to effectively interact with the Bitcoin network and verify transactions.
Project Introduction
Merlin Chain uses ZK-Rollup to compress a large number of transaction proofs into a simple checksum to improve transaction efficiency and scalability.
The sorter nodes on it are responsible for collecting and batching transactions, generating compressed transaction data, ZK state roots, and proofs through zkEVM. The compressed transaction data and ZK proofs are then uploaded to the Taproot on Bitcoin L1 through a decentralized Oracle network. This Taproot is available to the entire network to ensure transparency and security.
Merlin Chain is a sub-product line of Bitmap Tech. Bitmap Tech (formerly known as RCSV) has been deeply involved in the Bitcoin ecosystem for a long time, with an overall market value of over $500 million. The BRC-420 "blue box" it issued has become one of the most popular assets in the Ordinals protocol.
Explore the MERL token: the core asset of Merlin Chain
The MERL token is the native cryptocurrency of the Merlin Chain project and plays multiple important roles. On Merlin Chain, MERL is not only used to settle transaction fees, but also as a voting tool for platform governance. In addition, this token is the core of the incentive mechanism in the Merlin Chain ecosystem, especially in the Merlin’s Seal event, where users who stake their assets can get rewards through MERL.
Merlin Chain is designed to enhance the interoperability between Bitcoin and other blockchain networks, built on top of the Bitcoin first-layer network, thereby promoting the interactivity and scalability of the entire system.
Why choose $MERL: Ecology and security constitute the fundamentals of the public chain
Merlin Chain has invested a lot of resources in security. Its architecture design ensures security and transparency. It uses Cobo to achieve institutional-level financial security and has established a Merlin Security Committee to jointly audit ecological projects.
It is good for Bitcoin Layer2 narrative, and leading projects lead the ecological expansion.
The next focus will be on the cottage sector and layout direction.
AI sector: The GPT5 launch conference is coming soon. RNDR, FET, LPT, ARKM, NFP, and other AI tokens that you haven’t paid much attention to yet are very worthy of your attention.
Game sector: IMX, YGG, and GALA are important targets in the game sector. The explosion of the blockchain game sector cannot be underestimated. If you are optimistic about blockchain games, you can’t go wrong by focusing on these three coins.
Solana ecosystem sector: pay attention to the conference in September, and pay attention to SOL, JTO, JUP, PYTH, BOME, and BONK. This kind of narrative will only explode in advance, and by the time you react, the heat will have begun to decline.
BTC ecological sector: STX, ORDI, MAP, ML, MUBI, reminding again that the ecological and inscription sectors after halving will continue to receive attention in the following period.
Fan coin track: OG, ASR, CHZ, SANTOS, PSG, mainly focusing on the European Cup in June. This narrative is very hot and worth paying attention to.
The above are just some of the potential coins in the sectors that I personally think highly of. When the price is low, you can buy them based on your own considerations and judgment. The timing of entry and exit is extremely important.
