Today's short trend is really too strong, basically just short without thinking!

Especially $IO , which shorted from 5.8, basically made a fortune! Lao Deng opened a short at 5.8 yesterday but didn't hold it! This wave of short orders must be held firmly today!

Emergency notice, a short-selling sneak attack last night caused many long players to completely blow up their positions. Lao Deng also reminded everyone to open a short test order at the upper pressure level. Basically, friends who follow Lao Deng's strategy have made a lot of money!

Let's take a look at the market analysis compiled by Lao Deng over the weekend. Under this wave of short orders, we can see from the four-hour K-line chart that the dealer's short-selling method has been used three times, and there are two visible support levels below. Lao Deng's next strategy is to connect the needles at the two positions of 59059 and 56537 in the figure. Friends who read Lao Deng's strategy can use it as a reference, because the market is changing rapidly.

BTC: The first connection position is 60000-59059 to open long, 58500 stop loss, 61879 take profit
The second connection position is 57777-56537 to open long, 56000 stop loss, 61879 take profit

Excellent speculators are always waiting, always patient, waiting for the market to confirm their judgment. Remember, don't trust your judgment completely until the market itself confirms your opinion.#HotTopic#BTCTrend Analysis #BTC

Cryptocurrency market analysis:

In April, the total cryptocurrency market capitalization saw a significant decline, falling by 11.3%. Key triggers for this include changes in interest rate cut expectations, the impact of geopolitical risks, and a slowdown in spot Bitcoin ETF flows.

Meanwhile, the total supply of USD-pegged stablecoins reached a two-year high. The supply of USDT and USDC continues to increase steadily, which shows that there is continuous capital flowing into the crypto market.

Of the top ten coins by market capitalization, most ended the month in the red. TON rose by 1.0%, BNB fell slightly by 1.4%, while ETH and BTC both fell by about 8% in April, XRP and SHIB fell by 17.1% and 19.2% respectively, DOGE, ADA, SOL and AVAX were updated as of the end of the month. It's down about 30%.

In addition, the overall TVL of DeFi fell by 0.7% in April. Among the top ten blockchains, Merlin Chain’s TVL grew the fastest, with an increase of 1000%, and its TVL exceeded $1 billion.

Furthermore, the NFT market also suffered a decline in April, with total monthly sales falling 21% to $1.11 billion. Four of the top five NFT series in terms of sales that month belong to the Bitcoin ecosystem.
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