Starting this week, the market will experience wide fluctuations. In terms of policy, Arthur Hayes tweeted that the Bank of Canada cut interest rates, and the European Central Bank will announce its theoretical decision today, and the market expects a rate cut. He said: "Take risks, it's yacht time! This summer is much more interesting than I thought." In terms of data, CMC's open interest fluctuated greatly, and there was a divergence at the 4-hour level. Please pay attention!

ETH is being sucked dry on CEX
Since the U.S. approved the Ethereum ETF 19b-4 application on May 23, the amount of Ethereum on exchanges has dropped by about 797,000, equivalent to $3.02 billion, as Cointelegraph reported. Lower exchange reserves mean fewer tokens available for sale as investors move their tokens into self-custody for purposes other than immediate sale.

Glassnode data shared by BTC-ECHO analyst Leon Waidmann shows that the percentage of Ethereum's circulating supply held by exchanges is also at its lowest level in years, at just 10.6%.

Regarding the crypto population, we have to look at Asia. Now I think at least half of the young people in Asia own cryptocurrencies! Chinese people in this industry will also become the protagonists of the stage!
Fintech firm Triple A recently released a report titled The State of Global Cryptocurrency Ownership 2024, which provides an in-depth look at global cryptocurrency ownership trends and their evolving role in the financial ecosystem.

Triple A founder and CEO Eric Barbier wrote in the foreword of the report: “Today, 562 million people around the world own some or various forms of digital currency, up from 420 million in 2023. In other words, 6.8% of the world’s Population owns and uses digital currencies.”

The report states that Asia is leading the charge, with the number of people owning cryptocurrencies increasing by 21.8% from 268.2 million to 326.8 million. North America followed, rising 38.6% from 52.1 million to 72.2 million.

Additionally, the number of cryptocurrency holders in South America surged from 25.5 million to 55.2 million, an increase of 116.5%. Europe also saw significant growth, with numbers rising from 30.7 million to 49.2 million, a 60.3% increase. Africa experienced modest growth of 8.5% from 40.1 million to 43.5 million. In Oceania, the number of cryptocurrency holders increased by 114.3% from 1.4 million to 3 million.

Does Comrade Jianguo really support cryptocurrency? (Next issue)
It is said that Trump Jianguo was fooled by his wife and howled in her ear. How could he bear it? He also ran all the way from accepting campaign donations and investing in NFT to making a fortune! But the 52 million crypto population is close to 20% of American adults. Votes are the real purpose. Everything is for the highest interests and for the people. Comrade Jianguo has a long-term vision, which is better than Biden. Biden is not bad recently. Let's hold it down and express it later. Of course, everything is unknown now that the presidential election has not started. Just like Trump's usual "fence-sitter" style, it is difficult for us to judge whether he supports the development of the cryptocurrency industry from the bottom of his heart or just for the votes in the hands of voters. You know, as the current Republican presidential candidate, Trump also participated in political campaigns as a Democrat in the early days of his political career. No matter how others look at it, Trump's character is a full-fledged politician. This can be seen from the "Twitter governance" when he was in office. According to the on-chain data monitoring platform Arkham, the value of Trump's crypto assets has increased significantly over the past period of time, and has now exceeded $10 million, including 579,290 TRUMPs, worth $7.5 million; 463.35 ETHs, worth $1.81 million; 374.69 WETHs, worth $1.17 million, and other altcoins and Meme coins with quantities ranging from hundreds of thousands to thousands of dollars. In addition, there are many currencies related to Trump's concept... Looking at Trump's past experience, we can also see that the American version of the "crypto ancestor" who claims to "let the future of encryption happen in the United States" has not had a smooth journey, but has been full of ups and downs. But as he said, "never surrender", no matter how the outside world evaluates it, whether it is praise or slander, before the dust settles, it is worth affirming to maintain the spirit and courage of continuous fighting. As to whether the final result will be mixed or a winner will be crowned king, everything is unknown until the results of the presidential election are announced.But as a crypto person, I would still give 100 likes to Comrade Jianguo. Come on, Jianguo Laodeng!

Does Comrade Jianguo really support cryptocurrency?
Today we are going to talk about whether Comrade Chuan Jianguo really supports cryptocurrency. Our Comrade Jianguo has become restless again these two days. He is the man honored as the "Crypto President" by former CFTC Chairman Chris Giancarlo. Let's look back at history and see Jianguo's indissoluble bond with the crypto industry. In addition to the fact that the president pushed for the passage of the Bitcoin futures ETF during his tenure, Trump's indissoluble bond with the crypto industry can be traced back to February 20, 2016. At that time, a cryptocurrency project called TrumpCoin was issued to pay tribute to Donald Trump, who had not yet won the presidential election that year. Although the project was subsequently warned by Trump's son Eric Trump, Trump's connection with cryptocurrency has been unstoppable since then. Ambiguous attitude between the two ends: From December 2017 to December 2021, Trump was a fence-sitter, sometimes supportive and sometimes cautious, but his wife Melania Trump began to blow pillow wind. In December 2021, Melania announced the launch of the Melania Trump NFT platform, which will exclusively release NFTs on a regular basis, and said that it will use the Solana blockchain and the payment service of the crypto payment infrastructure startup MoonPay. Later, this cooperation news was denied by MoonPay and Solana Labs. Perhaps under the demonstration of Melania, Trump finally started his own "sexy operation" - on December 16, 2022, Trump announced the release of limited edition Trump digital trading card NFTs on truth social, each for only $99. The NFT was minted on Polygon, with a total of 45,000. According to relevant documents, Trump earned $2.8 million from NFT sales. The "Trump Dinner" was not finally completed until May 2024. For a time, Trump's election was much more popular, and he himself became a "crypto-friendly" in the eyes of many people. However, is this really the case? The true nature of politicians: everything is for votes
Everything starts with political votes.
The current situation of US politics: Crypto-currency people have become an important influencing force
Stay tuned for the next analysis: #Trump

Views after the surge

A big positive line, thousands of troops come to meet! This one is indeed big and thick enough. It is estimated that this increase should be the strongest since the beginning of this bull market. In fact, this prediction was made in previous articles. The strong support of 6W mentioned before was not broken, but it did not effectively fall. Sometimes many people will say that it was not until the fourth day that it rebounded. It was a bit slow, but that's how dog dealers are. They always make you shake, haha! Next, let's look at the market. In the previous article, I put forward my views on the trend of large-cycle waves. It is roughly shown in the figure below. It has been a complete 5-wave structure since October last year (black line in the figure). The callback from March to May is a 4-wave callback, and the next wave may be a 3-5 wave rise. From the current point of view, this wave trend is still applicable. From the graph, the current trend is a rising flag, which broke through the flag descending channel this morning. This flag trend and breakthrough meet the following conditions: 1. The trading volume in the flag descending channel gradually decreases (see the blue moving average in the volume area, showing a downward trend); 2. The trading volume is enlarged when breaking through; 3. The daily technical indicators are bullish. Therefore, it can be considered that this is an effective breakthrough, and there is reason to give more expectations to the market. The only resistance above is near the previous high of 7w4. According to the equal distance rise of the flag pattern, breaking through 7w4 means aiming at 9w+ or even higher.
From the perspective of the open interest of futures contracts, there is no problem. The price increases and the volume increases, which is still relatively healthy. Combined with BTC's short-term liquidation heat map, the price may fluctuate and consolidate between 7-7.2w for a period of time. In summary, as far as BTC is concerned, first look at the resistance near the previous high of 7w4. As long as it breaks through, 9w+ can be expected. If it cannot break through 7w4, BTC will convert into a longer period of large fluctuations (60k-74k). #BTC突破7万大关 # market

The callback came as expected!
The hidden danger I mentioned in the article last time, the contract positions of major exchanges such as Binance and OK increased significantly, but the CME volume was very small. At that time, I told everyone to be vigilant. Sure enough, this time the encirclement and suppression of bulls came as expected. At present, the bulls suffered heavy losses and the cleanup was relatively thorough. The dog dealer also predicted our prediction. If the car is too heavy to pull, it will kill a wave first. At this time, the key is to look at several support positions of 59,000-60,000. If the big cake line is not broken, there will be basically no problem. In the morning, a friend asked me whether to sell the cottage. I strongly suggested that he should not sell the goods, and even buy more as the price falls. When to sell at the high point is just a matter of how much profit you make. Now you can't listen to the wind and rain, you have to endure loneliness!
Back to the current market, if we look at the weekly K, it is still a very obvious state of shock. It also conforms to the shock-type callback wave mentioned last time. It's just that the shock time has been extended. Looking at the 8h level, it is probably a shock range between 6w1-7w3. This range is also the range where chips are highly accumulated. After this, the next chip peak will be around 5w1. In general, there is no need to panic about this decline. Pay more attention to the strong support. Those who have chips can make a layout in the currencies with large declines! #大盘走势 #ETH🔥🔥🔥 #BTC趋势预估

Halving is coming #比特币减半

Today we will analyze the exchange rate of ETH to BTC. As we said in previous articles, the increase of ETH has always been lower than the overall market, and it is even more far from the expected target. Although the two increases have made people feel a little relieved, it is still far from the expected target. The exchange rate of ETH briefly fell below 0.05 and then quickly recovered. The vertical line in the figure below is the Fibonacci time window drawn from the low point of the exchange rate on January 9. It can be seen that basically every vertical line represents a reversal of the market.
The closest time window is April 7, when the exchange rate returned to above 0.05. Judging from the trend, ETH has bottomed out again. It is expected that the exchange rate will soon challenge the downward trend line and the previous horizontal resistance line again.
As the saying goes, things never happen more than three times. This time, I believe that we can rush through it in one go. Judging from the trend of ETH itself, it has also broken through a horizontal resistance level. There is reason to be optimistic about continuing to rise and challenge the previous high of 4100. Let's take a look at the overall open interest of the contract. Although the overall open interest of the entire market is rising, there are some differences in the actual content. It is basically dominated by the volume of Binance and OK. The increase of CME is very small. This is a hidden danger. We must continue to pay attention to it in the future. If the volume does not increase, we must always be vigilant even if the price goes up! #大盘走势 #ETH🔥🔥🔥

Let me first state two conclusions:
1. This callback is in the form of a wide range of fluctuations, and it is unlikely to fall below 5w9.
2. After this callback is completed, it will switch to the trend of a general rise in the altcoins in stages. The subsequent increase in BTC is lower than that of the altcoins.
The rise since October last year can be seen as a 5-wave rising structure. The 2-wave callback experienced in January was a steep decline, short and fast, with a decline of about 20%.
This is a 4-wave callback, which should be different from the steep type of the 2-wave, and is manifested as an oscillation type. The time is longer than the 2-wave, and the shape is similar to a wide range of fluctuations. In addition, the vicinity of 5w9 is the low point of the intraday large fluctuation in early March. At that time, the trading volume increased sharply, indicating that a large number of buying orders came in. The feedback from the trading volume can also show that this is an important support position. The low point of the last callback was not lower than 5w9.
Moreover, from the perspective of indicators, there is no top divergence at the daily level. The price has reached a new high, and the indicator has also reached a new high at the same time, which is relatively normal. It is not the type of decline that needs to repair the indicator after (multiple) top divergences, so it is considered to be just an ordinary callback.
Personally, I think it is worth buying around this price (59,000-62,000), at least the price-performance ratio is very high.

$BTC #BNBChain Market Analysis-Head and Shoulders Trend

It has been nearly 10 days since the market's correction this time, and it has formed a head and shoulders structure. If it really goes through and falls below, the target position will be around 5w, which is also the previous sideways range in mid-to-late February and around the 61.8% Fibonacci retracement. But there is no need to worry too much until the head and shoulders top actually falls below. In an overall rising environment, the head and shoulders top pattern is very common, but only when it really falls below the neckline can the formation be declared established. For the recent market, we only need to pay attention to whether the price near 6w will effectively fall below.
Personally, I think the low point is likely to be around 6w, and during this period, the pin may go to 5w9 and then pull back. If there is no special event to stimulate it, it will be difficult to really break through.
The head and shoulders top generally represents a reversal pattern. If it is not a true market top, it will almost always gain support at the neckline and then rise. I don't think the bull market will end in the near future. It is just a break, not a real top. Therefore, the head and shoulders top here should not be a reversal pattern, but a continuous pattern in the process of rising, which means that it is unlikely to fall below the neckline.
As for BTC, pay more attention to the situation near 6w. This is a very good buying opportunity with extremely high cost performance, small stop loss space and large take profit space. It is very likely that the low on March 20th is the low of this correction.

Today I would like to recommend a project to you, TON, which is rooted in Telegram. Although it has not been officially recognized by the government, there are always various ambiguous relationships. Currently, it has great potential! It is recommended that Tun Coin Party pay more attention!

When we talk about Ethereum, we talk about the re-staking agreement and the L2 expansion plan. From time to time, when the gas fee of the Ethereum main network soars, we think of the benefits of various high-performance L1s, but they have really entered the public eye and been widely discussed. There are only a handful of public chains. Solana is one of them, because of its prosperous ecology, abundant native dogs, and extremely strong wealth effect. Cosmos is also one of them. The ecological application chain continues to grow, and the public chains on top of it also have continuous wealth effects. NEAR has also recently attracted market attention for its AI hotspots, NEAR DA, chain abstraction, etc. Public chains such as Monad and Berachain that have not yet been launched

At a time when hot sectors in the market are rotating extremely fast, it is even more difficult to attract users to stop and stay. What's more, TVL's public chain TON currently only has 50 million US dollars. This seems too insignificant in a public chain or L2 that can easily reach billions or tens of billions.

But in fact, TON is taking a different path, and it does not rely on DeFi. With Telegram’s over 900 million monthly active users, TON is focusing more on general user experience, social networking, application tools, and games. For example, embedding a native wallet in Telegram allows ordinary users to enter the crypto world smoothly. For example, many small games, although simple and crude, can attract a lot of participation after integrating social, NFT and other factors. In particular, there are quite a few gadgets that are very popular among developers and users.
TON has technical logic with high-speed application as the core: transactions are directly uploaded to the chain based on messages, supporting point-to-point. TON's dynamic multi-shard architecture also facilitates the scalability of its applications. The initial establishment concept is to serve a large number of users.
TON has attracted much attention since its birth, and was sued by the US SEC, causing the plan to be shelved. Finally, it was taken over and developed by the community, with ups and downs during the period. In the ensuing bear market, it was ignored for a long time. However, everything started to improve last year. The fourth quarter report from 2023 shows that the TON developer community has risen to 13,000 people, and tAPP’s monthly active users in December have increased by 75% month-on-month, reaching 1.20000.

Sol has become a big hit recently, but because of its sudden emergence in the ecology, it can be said to be in the limelight. However, following the big wave of decline in the past few days, b o m e has also returned to the highest position, which is generally cut in half. I personally think this position is not bad to build a position. After all, this is just the first wave of market trends. Let’s look at Sol’s exchange rate breakthrough relative to BTC and ETH. The subsequent performance was also in line with expectations. Although the overall currency circle has mostly corrected, Sol still bravely reached new highs. Today's price has exceeded 200. There are traces of many things. The biggest hot spot in the currency circle recently is the meme currency Bome on the Sol chain. However, before it became a hot spot, Sol had already begun to strengthen independently from the exchange rate.

Looking at Sol's exchange rate chart again, Sol/Btc and Sol/Eth have both exceeded the previous high on December 25, and the exchange rate space has opened upward. Indicators are also trending well. My view on Sol is that the trend is still stronger than Btc and ETH.

Just looking at the weekly chart of Sol/Btc, we can see a very obvious combined trend of arc bottom + head and shoulders bottom. The weekly chart of the exchange rate of Sol against ETH has reached a new high based on the weekly closing line. Even based on the past highest point, it is only one step away. The past highest point was the exchange rate of 0.059, which is currently 0.056.
So the article says at the beginning that you can continue to hold spot stocks, and the market is not over yet!

Hello everyone, I am Lao Jin. I have been working in the exchange field since I entered the industry in 2017. I especially like to do various transactions. In the past few years, I have seen all kinds of prosperity in the world, many people, and many things, and they have just passed by. Over time, I have gained a lot of heart. A lot of paralysis. In the past two days, I have seen many new users entering the market and often asking for my opinions. After thinking about it, why not open an account and write down some of my own trading experience and help everyone clarify their thoughts. Thank you everyone. Let's share weal and woe and witness the glory of web3 together!
3.11- Not much to say about the market situation of the big pie, the current opportunity is to look at the ether!
Hello everyone, you can see that the 4-hour chart of Big Pie has not fallen below the lower Bollinger Band. At this time, I suggest that you don’t blindly chase higher. During the day, long orders can be placed a little above the lower Bollinger Band. This may be , there will be a certain amount of pallet trading volume. Let’s focus on ether. The exchange rate of eth to btc has touched the downward trend line that has been around for about one and a half years, and has deviated significantly from the weekly level bottom within half a year. 0.5 is already It feels like a diamond line. It will basically not be broken. Looking at the daily level, there have been three waves since January and we are trying to break through the trend line. Then we will focus on 0.61. Once it breaks through, it will be gone forever. Then Let's let the "bullets fly for a while" now! The other is the spot ETF of ETH. The adoption of this is also a matter of time. Even if there are a few mistakes, it will not be a big problem. The wheel of history is rolling forward, who will still try to control it? Conclusion: Now I recommend adding Ether!
Okay, friends, see you next time!