Altcoins are about to experience significant fluctuations at the daily level, which can be directly referenced against the market trends of August 2024. During the fluctuations, accumulate holdings, and then take off during a certain time window between June and July.
The low point of altcoins on April 15 can be seen as the bottom for most altcoins, more specifically for mainstream altcoins that can be listed on Binance, especially new coins. The next round of fluctuations is unlikely to create new lows.
The next couple of months will be our accumulation plan; if altcoins can approach the bottom from April, we can gradually build some positions. I believe the liquidity window created by the recent U.S. debt exchange is the best altcoin opportunity for the next year.
This process should not be rushed; fluctuations take time, just like last year when Trump was elected, the script has already been laid out, so follow the rhythm and proceed slowly. The market opportunities in June and July are the kind where you just need to profit from this wave; earning from this wave will be enough for you to last a year.
The market on Friday did not show the fluctuations that were expected, and has been consistently running at a high level. The choppy rhythm is already incredibly uncomfortable, let alone the horizontal market. However, it must be said that no effort will go unrewarded for a hardworking person; time can prove everything. The high position in the afternoon remains unchanged, and all that can be done now is to wait.
The afternoon market is also coming to an end. The Bitcoin reached a high of 94,200 early this morning but faced resistance and fell back, with a low touching around 92,900. The market this morning also showed a trend of fluctuating downwards. The short position strategy we provided this morning easily secured over a thousand points, illustrating how manageable the market is. Trading alone can often feel like fighting a battle solo, and many times it's easy to lose sight of the situation, which can lead to missed profits and even losses in the end.
Currently, from the market perspective, yesterday's daily candle closed with a doji, indicating a fierce battle between bulls and bears, accelerating the rhythm of profit-taking. Today's bullish candle shows a small bearish candle, suggesting that the bulls are slightly at a disadvantage in this contest. Looking at the 4-hour chart, the afternoon market fluctuations are not significant, and Bitcoin's overall trend is in a downward oscillation, with the price slowly approaching the mid-track. From the hourly chart, the bearish trend is quite evident, with the price dropping from the mid-track to the lower track. It remains to be seen whether there will be strong support below, with key attention on the 92,000 level. If it can effectively break through and stabilize, we can look for a rebound before entering short again, with everything based on actual market conditions.
Bitcoin can be shorted between 92,500-93,000, targeting around 91,000. Ethereum can be shorted between 1,800-1,830, targeting around 1,730.
A Review of Trump's Recent Statements Regarding Powell
1. January of this year: Trump called for the Federal Reserve to 'immediately cut interest rates' and hinted: I understand interest rates better than Powell.
2. January Federal Reserve Meeting: Powell emphasized that there was no rush to cut rates, and Trump immediately voiced on social media: Powell failed to stop the inflation problem they created.
3. March of this year: Trump again called out to Powell on social media: U.S. tariffs are starting to impact the economy, and it would be much better if the Federal Reserve lowered interest rates.
4. Early April of this year: Trump shouted to Powell: Cut interest rates, stop playing politics! For Powell, now is the best time to lower rates.
5. April 17: Trump criticized Powell on social media: Powell's 'actions are too slow,' and it wouldn't be too much if Powell were fired even faster!
6. April 18: Trump reiterated that he was not satisfied with Powell, stating that he believed Powell would resign at his request, but Trump also said he did not regret nominating Powell.
7. April 21: Trump mocked Powell on social media, suggesting that Powell is always 'late.' There is no inflation, urging Powell to cut rates as soon as possible.
8. April 22: Trump had a 180° turn in attitude, stating that there were no plans to fire Powell. He expressed that now is the perfect time for the Federal Reserve to cut rates, hoping Powell would lower rates sooner rather than too late.
From Trump's perspective, the national economy is already in a severe emergency state, with soaring national debt, high interest rates, and a large amount of short-term debt due. The country is still engaged in a tariff war to harvest globally, and now facing the 'discontent' of other overseas economies, the Federal Reserve should take the lead to cooperate with him. Trump can dominate, and the Federal Reserve can stabilize the domestic financial market, thus providing a solid foundation for the 'great cause' of making money through the tariff war.
Powell also has his own difficulties; the stagflation resulting from the tariff war is sure to soar. If the Federal Reserve cuts rates now, it will take about 3 months to transmit to the real economy. By then, with both the tariff war and interest rate cuts exerting their forces simultaneously, this bout of stagflation in the U.S. might be comparable to that of the 1970s.
PIVX Recently, the performance has been good, today it increased by 0.43%, current price is 0.1389. Looking at the 4-hour chart, this trend has been quite steady, slowly climbing from the daily low of 0.1378, and has reached a peak of 0.1442.
Right now, this trend looks quite strong, buying interest continues to increase, and it might push higher. Key levels need to be monitored, nex we'll see if it can break through the previous peak, currently this momentum is being maintained well, and buying interest is quite strong. #CryptoMarketCapBackTo$3T
CRV From the four-hour chart, CRV is currently exhibiting a typical ascending continuation pattern. There was a strong rally earlier, followed by a phase of sideways consolidation. This kind of accumulation often indicates a buildup before a breakout. If it can effectively break out of the current consolidation range, the upper resistance levels to watch are 0.8 and 1, which may signal the start of a new wave of momentum. It's advisable to keep an eye on it and observe the volume situation during the breakout.
Altcoins: Do you mainstream coins want to pump? Mainstream coins: We don't need to pump because there is no risk of being delisted. Altcoins: Then we won't be polite, let's charge ahead first! TRUMP: Do I belong to altcoins or mainstream? Go away for a while, wherever it's cool, you just fell on your face again.
BTC has oscillated between 83k-85k for 4 days, and this morning it broke through the resistance level of 86k, aligning with the previous expectation of continuing upward movement after consolidation, with the analysis hitting the mark!
Currently, 85.5k has become the support level in the short term, while it faces strong resistance at 88.2k above. In terms of market sentiment, some investors have chosen to stay on the sidelines, waiting for a clearer trend; among the early entrants in the long position, a small portion have chosen to take profits, but most are still holding, anticipating a breakthrough at 88.2k.
From the market perspective, daily trading volume remains active. If there is no major news impact in the short term, the market may continue to consolidate in the current area. The most optimistic scenario is to stabilize at 88.2k and further rise to the 91k-92k area. Of course, a brief pullback could also occur, returning to the 85k-83k range for reorganization.
For market participants, caution is needed in judging the current levels. Holders can decide whether to continue holding based on their own strategies. Additionally, some smaller cryptocurrencies that have not yet shown significant increases have been active recently, with some having broken through short-term ranges, which is worth paying attention to. Domestic market funds are currently relatively cautious and have not fully activated.
Trading Suggestion: The current market is heavily influenced by policy factors, and investors are advised to pay attention to smaller trading opportunities, control their positions, and avoid chasing high prices. In a market environment with increasing uncertainty, it is important to operate cautiously and ensure the safety of the principal.
4.21 Monday Afternoon Ethereum Latest Market Analysis and Trading Suggestions
Reviewing the trading ideas provided in the morning, the current live price is oscillating around 1645. Ethereum surged to around 1658 in the afternoon, then faced resistance and fell back to touch the low at around 1640. After a round of increase, Ethereum's short-term rhythm has entered a range-bound adjustment. Although the short-term rhythm is relatively strong, there are no signs of continuation. The short-term resistance level is at 1655. Short-term trading can rely on this high area to short, anticipating a pullback.
Currently, the price is at the upper boundary of the weekly ascending channel, but a breakout must be accompanied by a significant increase in trading volume. The four-hour level continues to show bullish candles, and the hourly Bollinger Bands are opening wide upwards, indicating a clear short-term bullish pattern. However, it should be noted that the current momentum indicators show a decline in bullish volume, and the price has entered a technical correction phase after breaking the previous high. The hourly RSI shows a slight bearish divergence signal, which may lead to a technical pullback. In the afternoon, it is suggested to continue monitoring for pullback opportunities while maintaining a bullish view.
Trading Suggestion: Short Ethereum in the 1670-1700 range, target 1550.
Is there no hope for altcoins? At this time, the ones driving up prices are those that are about to go live; which altcoins should we consider laying out? I recommend a few series for you, Plain: Okb, Bnb, Gt, Bgb, AI: Tao, Fet, Turbo, Render, Grayscale: Ar, Mana, Axs, Enj, These are all relatively good medium- to long-term choices.
For the current mainstream secondary shanzhai, I don't dare to heavily invest in any coin.
Everyone knows that next year will be a bear market, and I don't dare to gamble on the dog fund's pattern.
Many new coins released this year are continuously declining; the dog fund can pump without spending money, continuously dumping, and then start a new project in the bear market, which is the most terrifying.
SOL The recent weekly level movement has several points worth noting:
1. The price has retraced to near previous lows,
just touching the EMA200 long-term moving average support,
indicators show that it has entered the oversold area,
Interestingly, from the position of the EMA200, the price has rebounded by 34%. This indicates that the market is quite respectful of this long-term trend line; compared to those movements that linger around the moving average, this rebound is relatively decisive.
If you want to find a reliable entry point, you can patiently wait for the price to retest the EMA200 moving average or test the support area of 85-95.
The BTC daily chart is in a descending wedge formation, and the upper trend line has undergone its fifth test.
If market expectations are realized, it may slowly break through with reduced volume, and after reaching the upper range it could suddenly accelerate. This kind of movement is characteristic of a bullish continuation that attracts short funds.
However, if this breakout fails again, we can only continue to wait until there is a clear breakout in either direction. A downward breakout allows for short selling, while an upward breakout allows for long buying.
It is important to note that after a long period of oscillation in a clearly defined range, the later the entry time, the theoretically higher the win rate for breakout trades, but at the same time, the likelihood of missing the breakout opportunity also increases. #Metaplanet增持比特币
Last night, everyone had high hopes for Master Bao, but he still remained firm, and he also understood Trump well. This deep well of ice is changing at any moment; don’t think about dragging the Federal Reserve down with it. It looks like the possibility of a rate cut in May is low, while a rate cut in June seems more reliable.
Additionally, it feels like Stablecoin is likely to become a new breakout point for Meiyuan and Meizhai, which is also a rare consensus between the White House and the Federal Reserve. I believe that during Trump's four-year term, the market capitalization of Stablecoin is expected to break a trillion, and it might even be comparable to the market capitalization of Bitcoin. #Metaplanet增持比特币
The price reversal during Powell's speech in the early morning was truly remarkable, directly shifting from a decline to an increase without any pinning. It is evident that the sentiment is guiding the market very clearly.
Currently, both the 1-hour and 4-hour levels are strengthening, and the range is continuously narrowing. There is a technical demand for a breakout due to the contraction, and we will see if there is an opportunity for a breakout tonight, attempting to test the key daily resistance.
The short-term resistance at 85,800 for 4 hours, pay attention to #USElectronicsTariffs .