In terms of market conditions, with the release of April CPI data, the price of Bitcoin has risen sharply. Yesterday's K-line trend was relatively ideal, with a sharp rise and a certain amount of energy. This K-line basically confirmed the head and shoulders bottom structure with 56,000 as the bottom, and the short-term bull market was confirmed. The pressure level is still around 67,000. On the one hand, this is the upper edge of the high-level adjustment descending channel, and on the other hand, this is also the neckline of the head and shoulders bottom structure. The large level is still oscillating at a high level. The market may fluctuate within the range until the high-level oscillation range of 56,000-74,000 is completed, and Bitcoin will start a new upward trend. Be patient and hold positions.
ETH linked trend, exchange rate to new lows, observe whether the market will have an oversold rebound process.
In terms of cottages, SOL and SOL ecology are relatively strong, and other sectors have no obvious strong appearances. They are mostly linked trends, and long-term layout can continue as planned.
JTO: The first largest liquidity protocol on the SOL chain, with relatively high fundamentals and strong trends, and a new high is possible in the short term.
ONDO: Sideways at high level. In this round of adjustment, ONDO is one of the more resistant representatives. As the leader of the RWA sector, a new high in the future market will be inevitable. In the short term, it is currently fluctuating in the range of 0.7-0.95.
TIA: The second bottom is not strong, mainly linked, and there is no obvious sign of demand intervention. Recently, with the emergence of high-quality modular projects such as EigenDA, and the significant reduction in L2 interaction fees after the Ethereum Cancun upgrade, TIA is under increasing competitive pressure. The form is still looking for a bottom, and a new rise will start after the bottom is built in the future market.
PENDLE: Strong linkage rebound, support is near 4, and after the short-term rebound, it will make a right bottom again. If it can get effective support above 4, this bottom is likely to be near this position. As an innovative interest rate swap agreement project, PENDLE has very good fundamentals. Although it has been affected by the negative impact of the Eegenlayer airdrop rules, in the medium and long term, PENDLE still has a lot of room for value discovery.