Today's market analysis:
Market Review:
BTC/ETH has ended the weekend adjustment, BTC fluctuated around $70,000, and ETH fluctuated little around $3,420; altcoins rose yesterday, recovering the previous decline and continuing to rise. Investors holding 100x or 1,000x coins need to be patient, because successful investments often need to endure a period of volatility. Free qun; wei; LS688677
Today's analysis:
BTC: On the 4-hour chart, an upward trend has been formed, with the price reaching around $70,395, and a top pattern has appeared. Today, it is likely to fall back to around $680 for a correction of the upward trend. It is recommended to continue holding.
ETH: Continuing to be bullish, the hourly chart is looking to break through the $3,450 resistance level on April 5. This position may be tested several times.
In terms of copycats: According to news, Musk plans to raise funds for artificial intelligence companies, which has attracted much attention to the artificial intelligence sector. A pullback may be a good time to enter the market. For reference, please pay attention to: WLD, FET, NEAR, LPT, LAI, AGIX.
The trading market is risky. This article is time-sensitive and is only used as a reference for a certain stage of the market.
The market has entered its current consolidation phase since Bitcoin prices retreated from a new high of $73,800 in mid-March. Although the price has fluctuated horizontally between two converging trend lines, suggesting that a pennant pattern may be forming, most major coins have experienced significant corrections during this period. This pullback is considered a normal consolidation process before the halving.
Since the beginning of this year, especially after the launch of Bitcoin spot ETFs, large investors holding 1,000 BTC or more (i.e. Bitcoin whales) have increased their holdings by 220,000 BTC, with a total value of $1.42 billion. In addition, the inflow of 210,000 BTC from ETFs also further proves the strong recognition of Bitcoin by institutions.
Can Dogecoin break through the $0.25 barrier in April?
Dogecoin has experienced a dramatic market volatility in the first week of April. Starting from a high of $0.228, a new round of correction led to a 25% drop, which brought the price down to $0.167 before recovering to around $0.2. With Bitcoin’s upcoming halving, this healthy pullback could boost Dogecoin prices and resume its recovery trend.
As long as the uptrend line is not broken, Dogecoin’s recovery trend is expected to continue.
A recent analytical tweet highlighted the significant growth of the meme cryptocurrency market and predicted that its total value will double by 2024. Among the projects that performed well, Dogecoin (DOGE) doubled in price, while Shiba Inucoin (SHIB) surged 2.5 times.
PepeCoin has shown even more spectacular growth, doubling its value fivefold. This collective surge has pushed the memecoin market cap to over $56 billion, marking a strong memecoin season.
As the "Dogecoin" market on the Solana chain gradually comes to an end, the spotlight of the blockchain world is once again focused on the BSC chain. This time, a highly anticipated new protocol has appeared on the BSC chain, which is hailed as another innovative work after the Ordinals protocol. This protocol is said to be a phenomenal product, and its price has soared 500 times since its launch, but its market value is only $15 million and has not yet reached its peak. According to the current trend, the market value is expected to exceed $200 million.
X314 is a revolutionary innovation in the blockchain field. As the first peer-to-peer, decentralized, two-way interactive underlying protocol, X314 will bring new possibilities to the entire blockchain industry. As a disruptive and creative technology, the X314 platform coin will become the core token of the underlying protocol and will soon be launched in multiple ecological fields, including launch pads, farms, cross-chain bridges, etc., providing users with a wider range of application scenarios and more interactive opportunities.
X314's new underlying interaction protocol has the following five advantages:
No need to use an exchange anymore! Important: As a coin holder, be sure to understand and learn this innovative mechanism, and do not blindly join the liquidity pool!
Get rid of the worries of arbitrage.
No need to use a VPN anymore.
No need to authorize any contract address.
Realize point-to-point direct interactive transactions and achieve transactions in seconds!
This innovative protocol on the BSC chain has drawn our attention to innovation in the cryptocurrency field. In this industry, only continuous innovation can open up opportunities for wealth and freedom.
April is one of the best opportunities in the Bitcoin ecosystem and the most favorable time for retail investors. Recently, the $ZEUS project was launched, and its FDV soared to $1 billion, injecting new vitality and imagination into the Bitcoin ecosystem. At present, the FDV of Bitcoin ecosystem-related projects is generally low, and the market value is relatively low, so there are many undiscovered investment opportunities here.
