BTC: The 30-day moving average of the daily line mentioned yesterday has a significant suppressive effect. Bitcoin also hit a high and then fell back to close the negative line. From the daily line, Bitcoin also just stepped back to the 14-day moving average of the daily line at 62,700. The current market is in a stage of long-short melee. The first barrier above is 64,800, and the second barrier is 67,000. For bulls, the current pressure is still relatively large, and the situation is not optimistic. In the short term, focus on 62,000 points below.

ETH: Yesterday, it rose and fell back to close with a real negative line, leaving a long upper shadow. Technically, it rebounded after stepping on the 7-day moving average of the daily line. It is currently more weak. In the short term, the focus is on 3000 points and 2750 points below, and the focus is on 3117 and 3177 above during the day. The overall trend is bearish.

Ten favorable factors to prepare for the bull market!

❶ The Federal Reserve is likely to start cutting interest rates in the third or fourth quarter. Cutting interest rates is like releasing more money. There will be many more US dollars in the market, but most of them are in the hands of wealthy people or institutions like Tether.

❷ Gold prices may be above $2,500.

❸ The U.S. stock market may rise, or it may not rise much, but the ups and downs will be polarized, either a big rise or a big fall.

❹ Commodity prices may surge, especially crude oil, which may exceed $100.

❺ The dollar may depreciate and the DXY (dollar index) may fall below 100.

❻ The price of Bitcoin will rise, and a sharp drop is unlikely.

❼ The United States will continue to experience severe inflation, and prices may rise by 20-50%. ❽ In the U.S. presidential election, the crypto field has also become a good battlefield for canvassing votes.

❾ Bitcoin will have a major upgrade in May, called the “Satoshi Nakamoto upgrade”. This upgrade is intended to make Bitcoin technology more powerful and more widely used.

❶⓿ Regardless of whether the Ethereum spot ETF is approved in May, it will be approved in the second half of the year or near the end of the year. Ethereum's market position will definitely be higher and its influence will be greater.

图片

3 Cryptocurrencies with Up to 10x Bull Run Potential

RNDR

The Render Network is a provider of decentralized GPU-based rendering solutions. RNDR is its native utility token, used as payment for the services provided by the Render Network. RNDR is the native token of the project.

RNDR’s price action has shown significant growth, catching investors’ attention last week with a 31.43% gain. Over the past month, RNDR is up 6.5%, while the six-month overview shows an impressive 295.51% gain, indicating a strong uptrend.

Currently, RNDR is trading at $10.29. This indicates that momentum may be gaining momentum towards the $10.48 resistance level. Given these indicators, RNDR appears to be in an impulsive move.

图片

This one

Ethena (ENA) plunged more than 45% in April 2024. But recently, a well-known cryptocurrency investor showed interest, causing a sharp increase in price. Today, SpotOnChain, a company that analyzes cryptocurrency activity, said on Twitter that a large investor withdrew 6.26 million ENA tokens from an address 0x5ab, worth more than $5.3 million.

Judging by this investor's actions, this could be a great time to buy. However, we also have to consider how the price of ENA is performing now. When it was first launched, the price of ENA surged by more than 150%. But then, due to US CPI data, Iran and Israel issues, and the decline of the yen against the dollar, the price of ENA fell by more than 45%.

图片

During this decline, the ENA token found support at the 38% Fibonacci level, which could mean a good time to buy. Experts say that on the 4-hour chart, Ethena (ENA) looks to be rising as it breaks above the trendline. But it will struggle to break above $0.92. If ENA closes above $0.92 on the 4-hour chart, it could rise by more than 30% and could reach $1.2.

WLD

Worldcoin is a digital identity protocol designed to power the era of artificial intelligence.
The Worldcoin project's mission is to build the world's largest identity and financial network as a public utility that empowers everyone with ownership.
The Worldcoin system revolves around World ID, a privacy-preserving global identity network. World ID enables users to verify their humanity online (“proof of personhood”) while maintaining their privacy through zero-knowledge proofs.

WLD is a native utility token with governance properties. , empowering users by giving them a say in the future of the protocol. In addition to the traditional "one token one vote" governance mechanism, the introduction of World ID paves the way for a "one person one vote" mechanism. These two mechanisms can also be combined to achieve new ways of governance.

If you want to know more about the relevant knowledge of the cryptocurrency circle and first-hand cutting-edge information, click on the avatar to follow the big bull to publish daily market analysis and high-quality potential currency recommendations.