Let's talk about the cottage season that everyone is concerned about

We used to think about the market based on the logic of bear market rebound and bull market, and compared it with 2019, but the current trend and market status are completely different from 2019, when the altcoin carnival ended. Now everyone is worried that Bitcoin will rise and suck the blood of altcoins, and then start to fall after reaching the top. Altcoins will fall even more. The market is declared to end like this. This situation is rare in history.

Even from September to December 2020, after Bitcoin sucked blood, there was still a cottage season. And this round of altcoins in the correction phase after Bitcoin peaked, if the cottage was expected to start the market under the main narrative of the market, both from the monthly technical perspective and the industry fundamentals, but from various indicators, including the exchange rate of Ethereum to Bitcoin and the breakthrough of the weekly suppression line of the market share of Bitcoin, it shows that the cottage season may be delayed.

Therefore, since the market chooses to go this way, we should be more patient and manage our positions well. Although I think it is the early stage of the bull market, our strategy should find a balance between the rebound in 2019 and the early stage of the bull market, which should be reflected in positions and transactions to cope with the status of the two market conditions. In addition, I would like to say that the early stage of the bull market is a period when most people do not make money.

The bull market is very long, it will not rise continuously, especially this round, it will fluctuate and rise, and it will fluctuate and spit. And I also said that we should take the middle expectation between the two market states of 19 and 20, and we should also be prepared for the big black swan in the future, so the logic of large positions is still be

How does the Ethereum upgrade affect the trend?

The current pledged data is 18 million, accounting for 15% of the total circulation. Nearly 60,000 are released every day, which means that they do not flow directly into the market. The daily release is converted into selling pressure of only about 100 million. For the current daily trading volume of more than 1 billion Ether, this part of the selling pressure will not bring a large decline. This can be clearly seen by looking at the data.

The main reason for the greater selling pressure is still the sentiment orientation. It can be seen from the recent ETH/BTC exchange rate that I personally think that this part of the sentiment has been almost digested. There may be an outbreak of selling sentiment within a day or two after the upgrade is completed, but it will not affect the overall upward trend. After the selling sentiment is digested, the subsequent rise of ETH will be healthier.

I personally predict that the alt season will fully unfold after Ethereum’s sentiment has been digested, so give the big brother some time.

It is estimated that it will be difficult to rise sharply in the next few days. After the selling pressure is released, it may pull back and then go up or go up directly, and then the copycat will explode again. The market trend in the first half of the year is basically over.

We still believe that the mid-term market cannot be said to be over, so we continue to be optimistic about the next development. The market sentiment is not enough to support a deep decline, and the performance of Ethereum does not constitute the realization of the upgrade benefits, so it is highly likely that we understand that there will still be a market in April.

Ethereum (ETH)

Ethereum (ETH) is second only to Bitcoin (BTC) in terms of market capitalization, with a market cap of over $230 million. Ethereum can be used for a wide range of purposes.

Ethereum's native currency, Ether, has real uses beyond a mere store of value or investment vehicle. It may be used in smart contracts, decentralized financial instruments, NFT trading, and Web 3.0 applications. It also provides a proof-of-stake method that uses less power.

This is made all the more remarkable by the fact that blockchains are always being updated. Token values ​​tend to rise after these updates. The Ethereum Shanghai update is the latest in a series of significant updates.

Additionally, Ethereum has an advantage over Bitcoin (BTC) in a green-conscious society because it moves from an energy-intensive proof-of-work protocol to a more sustainable proof-of-stake system.

Ethereum’s price has been rising steadily since the beginning of the year, just like Bitcoin. The latest trading price is $1,919, up 3.1% from the previous day. The coin gained 6.22% last week. The current rise is likely to continue as investors and experts expect an escalation.

XENC

Xen-Crypto (XENC) is a relatively new cryptocurrency that was launched in 2021. It is an ERC-20 token built on the Ethereum blockchain. Xen-Crypto aims to provide a decentralized ecosystem that enables users to transact with each other without intermediaries, thereby reducing transaction fees and increasing transaction speeds.

One of the main features of Xen-Crypto is its focus on privacy and security. The platform uses advanced encryption algorithms and security protocols to protect user data and transactions. The team behind Xen-Crypto believes that privacy is a fundamental human right and that cryptocurrencies should enable individuals to exercise that right.

In addition to its focus on privacy and security, Xen-Crypto also aims to provide a user-friendly and intuitive platform. The team has developed a simple and intuitive user interface that allows users to easily buy, sell and trade XENC tokens. The platform also supports multiple languages, making it accessible to users around the world.

As with all cryptocurrencies, the value of XENC is subject to market volatility and fluctuations. It is important to understand the risks associated with investing in cryptocurrencies and to conduct your own research before making any investment decisions.

Overall, Xen-Crypto is a promising cryptocurrency that aims to provide individuals with a secure, private, and user-friendly platform to transact with each other. With a focus on privacy, security, and usability, Xen-Crypto has the potential to attract a wide range of users and become a valuable asset in the cryptocurrency market.

FTM

Fantom is a smart contract platform focused on solving scalability challenges through its Lachesis consensus mechanism.

The success of the decentralized exchange (DEX) on the Fantom blockchain has driven the development and popularity of the platform.

In particular, SpookySwap, the largest DEX on the chain, has seen its total value locked (TVL) increase by more than 8% in the past 30 days.

Fantom’s price has increased by 7% in April, with the coin trading in a bullish pendant pattern.

The coin traded high above the 20-day moving average for strong support.

Fantom appears slightly overbought at current levels as the RSI is 56, indicating a slight bearish divergence.

The MACD shows a slight bullish divergence at 0.003, reflecting a strong foothold above the 20-day moving average.

Investors should keep an eye on the upside target of $0.55, a theoretical upside of 13.4%, while watching for downside risk to $0.40, a potential loss of 17.5%.

The risk-reward ratio is 0.76, suggesting that there may be unfavorable entry points that require more decisive action.