BTC market trend analysis: As expected, waiting for new highs

1. The view remains unchanged. If it breaks through and stabilizes above the pressure level of 71,500, then a new high will be imminent. The 80,000 scenario will go straight up and 65,000 will be the bottom.

As for the rumor circulating online about the lower 50,000 range (basically nonsense), will the main force still give you the opportunity to absorb chips at a low price? Unless the bull market ends.

2. Next, we will focus on breaking through the new high and rushing towards the 80,000 range. There is a high probability that a lightning rod of 3000-6000 points will appear, and this time it is likely to be an emergency spike.

3. We said during the last time when the price was at 62,000 that the lower limit would be 58,000. Basically, the car doors are welded shut, and there is no chance for you to get on the car at a low price. This time, the car doors are welded shut at 62,000.

ETH intraday market analysis

From the weekly level, KDJ and MACD continue to be bullish in the short term and oscillate downward with shrinking volume. BOLL is currently strengthening overall. Note that the currency price shows signs of recovery. The MA5-day moving average in the main chart continues to suppress in the short term, but the low point MA10-day moving average has not been effectively broken recently. At the same time, MA10 continues to strengthen, and the strengthening of the support level is similar to the strengthening of the trend line.

However, the current restrictions imposed by MA5 are also relatively strong. It depends on the bullish rhythm of Bitcoin. Currently, the bullish sentiment of Bitcoin is very strong, but the key point is the stabilization of the green TD9 (refer to the trend in February, when TD9 also lagged behind and continued to increase unilaterally. We have to take this unexpected factor into consideration at present).

From the daily level, the current KDJ bullish sentiment is strengthened, and the current BOLL middle and lower tracks are turning upward (which shows that the trend direction is slowly opening); the MA5 and MA10 daily moving averages in the main chart are rising together, and the high point MA30 daily moving average is short-term and long-term linkage, so the ultra-short-term coin price will grind in this area. In the future, MA30 will be linked with the bulls, and the market trend will naturally be clear.

The current short-term trend will continue to see a pull-up rise after breaking through. The current high point first strong pressure reference is around 3636-3742 area. If the subsequent bullish volume is strengthened and the first strong pressure area is effectively broken through, the second target can be progressively viewed to around 3972-4128 area.

At present, the price of each large-scale line (2 days, 3 days, etc.) has broken through the suppression of the indicators. It can be said that as long as the weekly price returns to above the MA5-day average, there will be a round of violent pull-ups. Judging from the current trend and technical tips, it seems that OTC institutions have entered the market again.

From the perspective of the exchange rate of Ethereum, it is currently in a stage of bottom rebound. Recently, Bitcoin has hardly fallen, but the callback of the altcoin is still very obvious. Therefore, there is a certain demand for the exchange rate of Ethereum to rise, which means that the altcoin may have a chance to rebound! As for the definite opportunities in the altcoin, I personally think that the second layer will be one of the key directions of funds, because the Cancun upgrade itself is good for the second layer and the pledge track. There are several varieties of the pledge track, SSV, LDO, and RPL. Recently, some second-layer things of Bitcoin have also come out, as well as some ecology of SOL, etc. Therefore, there are still many new things to learn in the market!

The future is bright and promising!

After the Bitcoin halving, everyone expects there will be a wave of retracement in the short term, and this wave of retracement is a once-in-a-lifetime opportunity to buy at the bottom. The bull market is coming, don’t waste every opportunity of a pullback, just like the recent pullback. I basically buy small when the price drops slightly, and buy big when the price drops sharply!

The general direction can be summarized as the current stage of bottom-fishing. Before and after the halving of the big cake, that is, around the 20th, it is the stage of gradually reducing and clearing positions. Then at the end of the month, that is, around the end of April and the beginning of May, it may be the stage of gradually laying out long-term or medium-to-long-term positions! This layout may take about 1 month. The more boring stage should be after the halving of the big cake. At this stage, there should be some opportunities for copycats. The big cake should go out of a wave of high-level shocks. After a period of adjustment, I think it is not a big problem to break through 100,000 to 200,000! Therefore, the future is a definite opportunity! After surviving the bear market in 22 and 23, don’t miss the opportunity to make money in the crazy bull market in 24 and 25! Let’s seize it together! New opportunities and a new market pattern are taking shape. We all need to learn to embrace them. There are thousands of opportunities. Only by continuous learning and iteration can we seize new wealth opportunities!

Potential altcoin analysis:

ANCHOR

Since its launch, Ankr has solidified its position as a major node operator, highlighting its reliability among major networks. Ensuring a secure and stable blockchain ecosystem depends on reliable node operations, a cornerstone that Ankr has deftly embraced. With its robust global node infrastructure, Ankr has taken the lead in enhancing performance. It enhances the security and scalability of Web3, thereby promoting industry growth and adoption.

Trading activity shows a positive trend, with Ankr Network continuing to surpass its 200-day moving average, currently at 119.03%. Moreover, the sentiment surrounding price predictions in the near term tends to be bullish. This is consistent with the Fear and Greed Index reading of 78, indicating extreme investor greed. Additionally, the project enjoys high liquidity due to its large market cap. This good performance highlights Ankr’s value proposition and key role in strengthening blockchain infrastructure.

PERSON

Bittensor is an open-source protocol known for its decentralized marketplace for machine learning models and algorithms. The token recently experienced a surge in the price of the TAO token. It surged 700% in just two months, pushing the TAO token to an all-time high of $759.

As of this writing, TAO has a market cap of approximately $3.7 billion and a 24-hour trading volume of over $20 million. One factor contributing to this growth is the announcement of a partnership between Bittensor and the AIT Protocol. The purpose of this integration is to develop a subnet within the Bittensor ecosystem called Einstein-AIT.

Furthermore, it aims to enhance Bittensor’s artificial intelligence services, potentially increasing TAO’s value by about 21.7% to $633.99. Bittensor’s current trading activity indicates that it is trading above its 200-day simple moving average. Bittensor’s leading position in the AI ​​cryptocurrency space reflects its dominance and relevance in the market.

PENDLE

Pendle, in partnership with Amber Group, announced a renewed partnership designed to provide Amber Group users with higher yields. The partnership launched Pendle Earn, a feature that enables customers to earn a fixed interest rate on Ethereum. PENDLE has performed well over the past week, taking advantage of a brief market recovery to hit new all-time highs.

Despite experiencing three consecutive days of intraday declines from April 1 to 3, PENDLE seized the opportunity as the broader market began its recovery phase on April 4. In addition, the launch of two new LRTs on Arbitrum on April 4 further boosted PENDLE's price, resulting in a sharp increase of 28.56%, the largest intraday increase this year.

Following this surge, PENDLE entered a period of volatile price increases, hitting a new all-time high of $7.23 earlier today. Despite currently being down 8.9% from its peak, the asset has retained a large portion of its gains accumulated this week. Additionally, PENDLE is up 18.41% this week and now has a market cap of $1 billion. PENDLE is currently trading above its 200-day simple moving average and is showing high liquidity based on its market cap.

Spot password recommendation: RAY

1. Buying point: buy in batches at 2-2.15.

2. Short-term target is around 2.65 (about 26% increase), medium- and long-term target is around 3.7 (about 76% increase)

3. The structural damage plan retreat point is 1.8, look for opportunities to buy again.

4. Meet the recommendation conditions: technical pattern, whale bottoming, selling pressure, news, etc.

We really need to seize the opportunity in this bull market! Grab the hot currencies in the hot sectors! AI smart sector, game sector, second-layer ecology sector of Bitcoin, L2 sector associated with Ethereum, meme sector, these five sectors are the focus of attention!

Create a high-quality circle, mainly to explain the basic industry knowledge of the currency circle, the recommendation of market potential coins and altcoins! The rotation of hot sectors, the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of other knowledge. If you are interested, you can find me on the homepage.