CFX
Hong Kong concept: $MASK , $CFX Since the beginning of last year, Hong Kong’s attitude towards this area has been changing.
Coupled with the approval of the ETF this time, I feel that the Hong Kong sector can make bigger moves. At the same time, there is action on the $MASK chain, and the chips are relatively concentrated. At the end of last year, Murong Sui, the leader in Hong Kong, kept saying that there would be a Hong Kong carnival in April 2024, and CFX also kept bottoming out. Let me talk about the logic of CFX:
1: CFX’s Bitcoin L2 testnet is expected to be deployed in March, and the mainnet is expected to be deployed in May.
2: Hong Kong Web3 Carnival from April 6 to 8, 2024. The Hong Kong concept may be hyped again in March just like in 2023.
It is estimated that before the subsequent Hong Kong Carnival starts, the Hong Kong sector will improve. Lina and ACH are both Hong Kong sectors. Everyone should add their own selections. When ambushing, be sure to watch the K-line. If there is a pullback, you can place a bottom position! #CFX.

SOL Strategy Update:

Due to the weakness of the overall market, SOL is currently fluctuating mainly under the influence of BTC. There is no need to panic, our main strategy is still trend trading. For intraday short-term operations, it is recommended to buy according to the support level on the chart and sell according to the pressure level. We will not release updated data separately, you can get the required information through the chart.

At present, the on-chain data is generally performing. The transaction volume of SOL on-chain DEX yesterday was 15 billion US dollars, and the number of active wallets was 3.84 million, an increase of 9.68% from the previous day, but the total locked volume was 38.22 billion US dollars, a decrease of 6.48% from the previous day, and the transaction volume was as high as 20.88 billion US dollars, an increase of 10.18% from the previous day. Considering the on-chain data comprehensively, there is no independent market condition for the time being.

For trend trading, you can consider making a layout near 142/136/127, which also applies to spot strategies. It is recommended to use currency-based operations to avoid risks.

April 26: Altcoin Market Review
SAGA: Can continue to be held. Although the Singapore currency is highly volatile and has fallen significantly recently, it is recommended to cover positions to reduce the average price.
CKB: Continue to hold.
SLN: Continue to hold.
BSV: Keep holding.
As altcoins pull back along with BTC, investors who have not yet opened a position can consider opening a position when Bitcoin pulls back to the 62,000 level.
**RGB++** has started free casting, and the overall market has been sluggish recently. However, yesterday the gas fee on the BTC chain returned to the normal level, and OTTER saw a slight increase. RGB++ is a very promising new protocol that plays a positive role in the construction of the Bitcoin ecosystem and deserves continued attention. After the market cools down for a period of time, it may be a good time to consider buying OTTER and CAT++ at the bottom, because there may be good rising expectations in the future.

Today's hot news:

In the MEME field, sectors such as BONK and PEPE continue to be hot and have become the main focus of this round of the market;

The price of the platform token BNB continues to rise. Recently, BNB has continuously launched new financial products. For example, if you deposit BNB regularly, you can enjoy both ieo and metadrop at the same time, with an annualized rate of return of more than 100%;

The value of the multi-signature wallet SAFE is also rising. The wallet was just launched on OK this week. Unlike its competitor metamask, the latter is accused by the United States;

The encrypted rune DOG is also rising. Its market value has reached 500 million US dollars and is being accepted by the major exchange GATE.

BTC:
The overall trend of Bitcoin is still fluctuating between $600 and $710. Yesterday's pullback was normal. From the hourly chart, there are signs of a bottom reversal near $62,800 recently, and the hourly level retracement also shows a buy signal. It is expected that there is a high probability that it will continue to test the pressure level near $68,000 in the near future.

ETH:
Ethereum has formed a head and shoulders bottom pattern on the hourly chart, and it is expected to hit the pressure level of $3,300 today.

Altcoin:
The altcoin market has performed poorly recently, and mainstream funds have not yet flowed into the altcoin market. Mr. Dan once pointed out that there is no bubble in the current altcoin market. Most people hold altcoins and continue to hold them. The altcoin dealer uses time to exchange for space, and after several years of sideways trading, it rises for a few days. If you are stuck, the cost is high, but the cost of giving up is higher. Once you give up, your efforts to hold on for several years will be in vain.

SOL strategy update:

1. Yesterday's strategy was successful and profit was made. In the past few days, it has fluctuated several times in the range of 155-159.5, which is in line with expectations. SOL tried to break through 160 three times but failed, resulting in a large retracement, which also helps to accumulate more momentum for a subsequent strong rebound.

2. Short-term investors can consider buying light positions when SOL falls back to the range of 146.6/140.5/138. The stop-profit target can be set in the range of 152-154.5, and the forced liquidation line is recommended to be set below 120.

3. From the on-chain data, there are no obvious problems. The number of active wallets reached 3.5 million, an increase of 18.83% compared with yesterday; the total locked volume was US$4.087 billion, an increase of 2.48% compared with yesterday. At present, SOL mainly follows the overall market trend and has not yet started a real independent market.

BTC:
Bitcoin as a whole is still fluctuating in the range of 600-710. From the hourly chart, yesterday's attempt to break through the pressure level of 680 failed, and the price fell back to around 635. This is a normal fluctuation. From a structural point of view, this is a pullback in the upward trend. It may continue to rise in the near future and retest the pressure level of 680.

ETH:
Ethereum followed Bitcoin in the pullback, but formed a bottom pattern around 3100, and may break through the pressure level of 3300 in the near future.

Altcoin:
The overall market of altcoins also followed BTC/ETH in a pullback. From the market, it can be seen that the prices of many altcoins have fallen back to the support level. This verifies what I said before, "The market is rebounding, don't chase highs." If you chased highs yesterday and got stuck, it may mean that you did not read my previous advice carefully. Continue to hold the coins in your hands and wait patiently, because time is running out, you must seize the opportunity.

A brief summary of the current market is as follows:

Bitcoin prices have risen repeatedly in callbacks and gradually consolidated a higher bottom level. In this context, the first sector to rise is the Meme sector led by Pepe, followed by the Ethereum staking sector SSV, the game sector YGG and the RWA sector ONDO. Usually, the sector leader has the most rapid rise.

It is expected that other countries may follow suit and launch ETFs in May, and the current market sentiment is driven by ETF expectations. At this stage, Ethereum may be below $3,000, which is a solid bottom. Today, Ethereum's rebound is stronger than Bitcoin, indicating that the moment of altcoin explosion is coming. Therefore, it is recommended that everyone hold on to their chips and do not sell them easily.
The worst case scenario is that the market may fluctuate around the current level for one to two months, but this is a good opportunity for investors to accumulate chips. At present, the good news of interest rate cuts and expectations of the presidential election have not been fully released, and the main upward trend after halving is the most worth looking forward to.

Since the Bitcoin halving, altcoins have generally risen, and the volatility of mainstream currencies is small, but the explosive power of altcoins is stronger. In the short term, altcoins may rise more than Bitcoin, which seems to be no problem. However, it must be recognized that high returns come with high risks, and it is unwise to ignore risks. In the cryptocurrency market, amateur investors account for the majority. Many people blindly invest in altcoins, expecting a short-term surge, trying to bet on the next Ethereum, but the results are often disappointing.

April 24: Review of the altcoin market
SAGA: You can continue to hold (new coins fluctuate greatly). The recent decline is large, and you can cover your position to lower the average price. CKB: Continue to hold. SLN: Continue to hold. BSV: Continue to hold.
Altcoins are rising in tandem with Bitcoin. Investors who have not yet established a position can consider establishing a position. The future trend is still optimistic.
RGB++: Free casting is enabled, and it is worth paying attention to in the near future. Currently, the second seed has been generated, and pay attention to the recent development.
As the European Cup approaches, you can pay moderate attention to the fan coin series, among which PORTO, LAZIO, and SANTOS are worth paying attention to. Today's decline is large, suitable for follow-up as appropriate.

SOL Strategy Update: Profits have been made, repeated attacks and defenses

Yesterday's strategy was successfully hit and made a profit. I made multiple fluctuations in the price range of $155-160. Recently, the data on the SOL chain has gradually recovered, which provides support for independent small-scale market trends. We have witnessed the performance of this trend yesterday, and today we expect it to continue to break through the high of $160.
Short-term traders can choose to buy light positions when they fall back to $155/152/148, and the stop-profit target can be set in the $160/165.5 area, and the stop-loss line is set below $120.
Continue to pay attention to the resistance level of $160. If it is effectively broken, this resistance level may lead the price directly to the $170 range. The previous serial liquidation has led to a significant reduction in the upper selling pressure, which provides favorable conditions for this breakthrough.

The bottom price of Bitcoin is gradually rising, which may indicate that the market is guiding people to buy. Believe it or not, but it is helpful to understand what this phenomenon means.

If you are trading contracts recently, remember to buy low and sell high, which is suitable for short-term operations. Don't ignore the profit of each small step, and accumulating small amounts into a lot is also a strategy.

Don't always think that you can make a big profit by investing a little money. It is more reliable to take steady steps. It is not recommended to short positions now. You can start to gradually buy spot while maintaining some long contract positions.

Coins worth paying attention to include Dogecoin, Solana, Pepe, etc., which may bring good opportunities. The dealer cost of Bome coin is about $0.125, which means that the price may rise, it is just a matter of time.

When buying spot, you can do it in batches, while contract trading is suitable for ultra-short-term operations.

It is likely that ETH will break through the previous high.
The late bull market will be the time for Ethereum to shine.
Just wait and see how time verifies this.

From a technical point of view, a larger central hub is usually formed after the breakthrough, which will end the downward trend.
And tokens such as OP, ARB, and STRK have been sluggish for more than half a year, and it is almost time to cheer up.

If PENDLE, SSV, ETHFI, ENA and other Ethereum-related tokens do not cooperate with this performance, it is time to consider whether to clear them.

BTC:
Bitcoin continued to fluctuate around 66,800 yesterday, and the MACD at the daily level showed a divergence. From the perspective of trading volume, there was no obvious increase in volume, so there will not be too much fluctuation in the near future, and it is expected to continue to consolidate. Today's focus is on whether Bitcoin can break through 68,000.

ETH:
It was mentioned yesterday that Ethereum may have a small retracement after breaking through 3,300, and the pressure level is often formed through repeated tests. Recently, Ethereum has been trading sideways around 3,300, so it is necessary to pay attention to whether it can successfully break through 3,300.

Altcoin:
The overall trend of altcoins is still bullish. The recent rise is mainly in old coins, while the performance of new coins is relatively flat. The reason is that new coins are usually hot when they are just opened, and there is a mismatch between market value and trading volume, resulting in a large number of retail investors and large trading volume, which is not conducive to pulling the market. The liquidity of old coins is relatively light, and it is easy to rise.

During the period of Bitcoin ETF, after the market experienced a round of good news, the main force quickly plummeted from 4.8 to 3.8. Many people who originally thought that ETF would bring a bull market carnival began to doubt their lives and chose to cut their flesh and leave the market.

However, the price of Bitcoin quickly surged from 3.8 to 7.3. At this time, a large number of people began to regret cutting the meat, and they all said that if there was an opportunity, they would definitely seize it and buy heavily as long as the price fell back. However, in just 5 days not long ago, Bitcoin plummeted another 10,000 points, and the prices of many altcoins were halved or even more. If you use more than 2 times the leverage, the entire trade may be wiped out. The market was awash with blood.

At this time, a large number of people (I even suspect it is the same group of people) start to warn you that the bull market is over and get out of the market quickly. But it was at this time that new opportunities began to emerge. What will happen next?

In the first half of the bull market, Bitcoin and several hot coins continued to rise, while other altcoins watched from the sidelines, even showing a lackluster performance. To make matters worse, Bitcoin sucks blood when it rises and drags down the entire market when it falls. The reason is simple, because the price of Bitcoin is too high, most retail investors flock to altcoins and even use leverage. However, with Bitcoin rising so quickly, retail investors thought other coins would follow suit, but the results were often disappointing. This round of decline has completely wiped out all the chasers and put huge pressure on the altcoin market.

I think that the market may have bottomed out now, or may violently drop to 55,000. Even so, I believe that the price bottom of altcoins may have formed. It has reached the lowest point in the past two days, and Bitcoin has only further confirmed this bottom. Next, will be the most exciting months of this bull market. Shit coins may be flying everywhere, old altcoins will take turns to perform, and many tokens may achieve several times or even dozens of times of growth, leaving those in the front. A round of doubt remains permanently on the mountain top.

Why did meme coins take off first after Bitcoin halving? Meme coins have the strongest market performance after halving. Among the top 10 cryptocurrencies, 4 are meme coins; and among the top 15, meme coins occupy 7 positions ($ordi and $sats are also considered meme coins). The vitality and consensus of meme coins in this cycle far exceed those in previous cycles.
First of all, don't be biased against meme coins. They have the strongest spreadability and consensus, and the degree of panic buying of meme coins by foreign investors may be beyond your imagination. In this round of bull market, new meme coins will inevitably emerge, and may even reach a market value of tens of billions or even hundreds of billions of dollars.
In addition, we have to mention the "celebrity effect". In the last round of bull market, Musk single-handedly led Doge and Shib to set off a global craze, giving birth to meme coins with a market value of hundreds of billions of dollars. If we talk about the token that may be subject to the greatest celebrity effect in this round of bull market, it should be Pepe. The reason is that Musk mentioned "Frog Totem" many times in Twitter, which implies that Pepe may get his support. Once Musk starts to recommend a token seriously, it may become a global consensus, and chasing high may also become an option.
In addition, in this bull market, Solana needs to be paid close attention. Binance has quietly supported Solana from Bonk to Bome, which may imply that the main battlefield of this bull market will shift to Solana. It is recommended to consider investing part of the position in your favorite meme coin, because in the later stage of the bull market, the increase may be even crazier. Old investors who have experienced the last round of bull market know how violent the fluctuations in the second half of the bull market are, and the tenfold increase of meme coins may be achieved within a month.
From an investment perspective, meme coins have high potential for rapid growth, but the risks are also relatively large. Investors need to be cautious when participating, combine their own risk tolerance, and pay attention to market dynamics.

What is the future of altcoins? I am still optimistic about these targets:

ONDO: As the leader in the RWA (real world asset) field, ONDO has received investment from Coinbase, Wall Street and BlackRock, and its prospects are worth paying attention to.
ENA: The stablecoin sector invested by Binance EUR. With strong support, it may gain more attention in the stablecoin field.
PEPE: Known as the "king of local dogs", it has a unique market positioning and is highly sought after by meme coin enthusiasts.
PENDLE: This is an interest rate swap instrument with a TVL (total value locked) of more than 4 billion US dollars. Compared with other similar protocols, it still has a low market value and huge potential.
TON: Created by Telegram founder Pavel Durov, a social application with more than 700 million users, it naturally has a huge potential user base.
SUI: A dark horse in the new public chain, it has performed well. This wave of rebound is very fast, the price trend is strong, and the future potential is unlimited.
WLD: The leader of the AI ​​sector, with the support of Wall Street behind it, represents the trend of the intersection of AI and blockchain in the future.
TIA: A representative of modular blockchain, with a very strong foundation, it is expected to play an important role in the future blockchain field.
LPT: Although the market value is relatively low, the fundamentals are very good and there is strong support from investment institutions behind it.
PIXEL: Built by the Axie Infinity team, it has been deeply washed and has potential market appeal.
PYTH: The leader of the second-generation oracle, with rapid growth, strong market demand, and huge technical potential.
SOL: Second only to ETH in ecology, it is regarded as an alternative to ETH by large funds, and may have a 5-10 times growth potential in the long run.

Bitcoin has entered a pressure point in the short term. You can consider cashing out at highs and buying low after the price falls. The current highest point on the market has reached 67,232. Before Bitcoin successfully breaks through this resistance level, bulls should act cautiously. Although the short-term strategy focuses on cashing out at highs, while the long-term strategy emphasizes buying after a breakthrough, this seems to be contradictory, but in fact it is not contradictory, because the two start from different angles and focus on different time periods. Both make reasonable operations in their respective cycles.

The activity on the Solana chain has increased again, and SOL may usher in an independent market!
The data on the Solana (SOL) chain began to show signs of strength. Last night, the chain launched a new Golden Dog project, and heavyweight projects appeared for two consecutive days. This wave of dividends was mainly caught by those who paid attention to the project early and ambushed. First, the Gummy project achieved several times the profit, and then Maneki's transaction volume exceeded 100 million yuan in half a day. The funds and popularity on the SOL chain are very abundant, and this trend is still continuing. Investors who missed the Golden Dog project can consider directly allocating some SOL and participating in it from the perspective of currency standard. The current market is stable. If it remains stable, SOL may soon usher in an independent market.
Short-term investors can buy light positions near the support levels of 155, 152, and 148, and the stop-profit point can be set in the 160 to 165.5 area. If the price falls below 120, forced liquidation should be considered to prevent further losses.
Some people asked me what I think of runes, whether they have cooled down, and whether the heat has disappeared. My opinion is that none of the top 10 runes are completely out of the circle. And this time it is a real project bureau and institutional bureau, and the main profit-makers are those players who get airdrops and players who are familiar with the gameplay. Whether it is the airdrop of RISC or the subsequent RUNE DOG airdrop, it is possible to bring considerable benefits. What is also worth looking forward to next is the airdrop value of Prometheus and RUNE. Everything has just begun, they haven't made enough money, so they won't stop.
But this time, Eastern players don't have much feeling for runes, probably because they have experienced the madness of inscriptions before, and runes don't have that strong appeal. First, there are almost no cheap chips; second, there is a reserve plan;Finally, the names of runes are too long, which is not conducive to dissemination. If you look at it now, there is no phenomenon as crazy as the inscription community. At this stage, the rune gameplay still requires high gas fees and high difficulty, and it has not become suitable for ordinary players. Everyone still uses the old method to play runes and has not adapted to the new rules and game methods. After all, most of them are from early inscription players. At present, as long as a rune project can be listed on a mainstream exchange, it may trigger explosive growth.

Yesterday's review:
Yesterday's low point of Bitcoin was 64,470, the high point reached 67,222, the fluctuation range was 2,751, and the amplitude was 4.3%. The low point of Ethereum was 3,127, the high point was 3,235, the fluctuation range was 108, and the amplitude was 3.4%.

Today's analysis:
The current price of Bitcoin is
66,800, and the upper resistance level is 67,000. Bitcoin is in a state of falling after hitting the resistance level, so it is bearish in the short term, and the support level is 66,000. If it falls below
66,000, it may trigger a new round of falling risks. It is recommended to pay attention to the market trend. If it breaks through 68,000, the support level of the callback is expected to be around 67,100, re-entering a safe upward trend.

The current price of Ethereum is 3,200, which is relatively weak compared to Bitcoin. The support level below is around 3,150, and 3,100 is an important support level for Ethereum. If the price remains above 3,150, it is a strong trend; 3,150 to 3,100 is a weak trend; if it falls below 3,100, it may enter a downward trend.

The current liquidity of the inscription sector is relatively small, which is related to the fact that many investors are trapped in the altcoin market, resulting in the current valuation of the inscription market being insufficient to support the price. At this stage, you can hold the Bitcoin Rune first and wait for the inscription sector airdrop.

It is recommended to plan ahead for the AI ​​sector this month, as the AI ​​sector will usher in a boom next month!

Seize the major leading and potential projects, such as: WLD, RNDR, FET, LPT, ARKM, NFP, JASMY. ​​​

The bull market is divided into three stages: Find the right investment opportunity by following the path of carving a boat to find a sword

Bull markets are generally considered to go through three stages, each with different characteristics and market trends. Let's look at these three stages and their signature features in order to find suitable investment opportunities.

Stage 1: BTC Solo Dance
In this stage, Bitcoin is the protagonist. As Bitcoin's price climbs, it absorbs the market share of other altcoins, so the performance of altcoins is relatively weak. Bitcoin and the Bitcoin ecosystem continue to remain strong in this stage.

Stage 2: ETH takes over
As Bitcoin's strong stage ends, Ethereum begins to take over the market's dominance. In this stage, Ethereum and its related hot altcoins begin to soar. Areas that may attract attention include AI, Web3, L2, chain games, metaverse, new public chains, and Bitcoin ecology.

Stage 3: Full-line surge
In this stage, almost all cryptocurrencies begin to rise. Investors may wake up to find that their assets have doubled. Meme coins begin to emerge in large numbers, and market sentiment reaches the peak of FOMO (fear of missing out).

Current stage
Currently, the market is in the process of transitioning from the first stage to the second stage. Investors are waiting for Ethereum to lead the hot sectors to achieve rotation and push the overall market higher. I believe this moment will come soon, driving the overall market's upward momentum.