April is already halfway through, the market has also started to catch up, Ethereum has strengthened, and Bitcoin is still fluctuating around 30,000. Looking back at previous articles, the hero mentioned many times that Bitcoin fluctuated and there were opportunities for the market to catch up. Last week, Ethereum Shanghai completed its upgrade and began to strengthen, leading the popular Bitcoin to catch up. The previous article also analyzed several projects one by one. Among them, audio rose 60% directly on the daily line, and now it has fallen back by 20%. Blur rose 40%, link rose 20%, and DYDX also rose by more than 10% after the previous article mentioned it. Only EOS and VGX performed poorly, but EOS may be a positive realization. The follow-up depends on the effect of EVM and whether the ecosystem can recover. As for VGX, let's look at the acquisition news tonight.

Previously, I talked about the market share of Bitcoin and Ethereum and their impact on the market. I also said that after the rapid development in recent years, the Ethereum ecosystem has gradually matured and its impact on the overall market has gradually increased. The market hype is mostly around Ethereum. Before the Shanghai upgrade, liquidity pledge was hyped. Now that the Shanghai upgrade is over, the Cancun upgrade has gradually come to the fore. I will briefly talk about the Cancun upgrade here.

At present, the specific time of the Cancun upgrade has not been determined, but what is certain is that the focus of the Ethereum Cancun upgrade is on capacity expansion. As we all know, the Shanghai upgrade is mainly to flexibly release the on-chain pledge, so the capacity expansion needs to solve the transaction speed and GAS fee issues. Among them, on-chain capacity expansion, namely L1 capacity expansion, is sharding technology, but this is not achieved in one go. The Cancun upgrade is only the first step in completing the implementation of sharding technology. More importantly, this upgrade will reduce the GAS fee of the L2 project by an order of magnitude, thanks to the introduction of EIP-4844 in the Cancun upgrade. Therefore, the Ethereum L2 sector project may be in the outbreak stage for a long time in the future, especially after the Cancun upgrade is completed, so the popular projects in the L2 sector can be included in the long-term observation list.

Judging from the on-chain data, the amount of staking on the Ethereum chain is now in a steady increase, and the top three L2 projects in terms of staking are ARB, OP, and DYDX.

There was an explosion at the daily level of audio, and those held in the previous period also had a good increase. Bitcoin is at the top divergence of the daily line, and it will not be wrong to reduce positions in batches to make profits.

DYDX is a L2 project that the heroes are optimistic about. It is now in an upward trend at the daily level and there is still room for improvement.

Blur really lived up to the optimism of the hero. Since the hero mentioned it in the article in early April, the upward momentum has been very strong, with a cumulative increase of 40%, and it is still strong at present.

Link starts to attack 9U, 9.3 is the strong pressure point

As I said before, eos is a once-old project. There is great uncertainty as to whether it can be revived. After the positive news is temporarily realized, the daily level begins to fluctuate.

VGX is just a lottery coin. Let’s see the result tonight.

KAVA continues to fluctuate in a narrow range on the daily level, and I am optimistic about its subsequent explosive opportunities.

ZIL is also an old public chain. It was mentioned in the article at the beginning of the month that EVM compatibility will be enabled on the 25th. The main feature is sharding technology. Ethereum Cancun upgrade will also involve sharding technology. Now its K-line trend is also fluctuating upward. There is a chance of a wave of explosion at the daily level.

BTC

Bitcoin has not stabilized at 30,000, and a top divergence has appeared at the daily level. This top divergence is the second top divergence at the daily level since February. It is inevitable that it will fall after a period of fluctuation. This is also what the hero mentioned before, that the cottage industry has begun to make up for the rise, which is a sign that the market is about to end. This wave of cottage industry compensatory rise is still continuing, and the hero is not sure when it will end. The only thing that can be confirmed is that the hero has been watching the cottage industry compensatory rise since the beginning of the month. After the compensatory rise breaks out, it will not be wrong to reduce some positions to avoid the risk of Bitcoin plummeting. Again, this year's market is a wide range of fluctuations, and most cottage industry projects are also in a wide range of fluctuations. Support level: 29,000 Pressure level: 31,000