Since the start of Trump's second term on January 20, U.S. crypto regulation has entered an "accelerated mode," with frequent policy changes causing dramatic market volatility. In just eight weeks, the SEC chairman stepped down, Trump signed two executive orders (to develop a digital asset development plan and officially announce a Bitcoin strategic reserve), and the White House hosted the first-ever digital asset summit... This series of actions has caused the market sentiment to oscillate between excitement and anxiety, with the entire industry filled with both anticipation and trepidation.
The market is still sluggish, so let's take a look at the market opportunities today!
Yesterday, Robinhood launched 3 memes, but the market remained sluggish, and the news did not result in a significant price increase, and community activity declined. Maintain confidence, hold cash, as the market often comes quietly during a downturn.
So what is the strategy for today? I choose to go long during the day when the price dips, and go short when the U.S. stock market opens in the evening!
Today's market update:
Bitcoin: The short-term trend is still oscillating, with 80,000 as an important support (the middle of the range + previous low liquidity) having effectively supported it twice. It may continue to test this level. Currently, it is still seen as a trading range, and if it fails to break out effectively, the bears may enter when the rebound weakens.
Ethereum: Short-term oscillation, currently just waiting for the wind to come, waiting for the upgrade news to boost it! Ethereum was expected to be around 1700 yesterday, with a low of 1820. Today's rebound has low volume, and if it fails to break 1900, 1750 is still the target.
Altcoin trading suggestions:
1. DOGE: Still in an uptrend, 0.168 is a key support/resistance level, and a breakout could lead to a test of 0.1695; the downside support is 0.1659-0.1647. ETF-related news is expected to be announced in April or no later than May 21.
2. TRUMP: The 4-hour trend is still bullish, with a big green candle spike yesterday on positive news. The upside resistance is 11.6, and the downside support is 11, 10.5. If it retraces to the 9.5-10 area, consider going long.
3. ADA: Maintaining a consolidation state, with 0.718 as the upside resistance. A breakout could target 0.735; the downside support is 0.685, and a break below requires a stop-loss.
4. SUI: The performance is average, with the daily chart in a bottom consolidation. If it breaks above 2.23, it could target 2.28-2.343; the downside support is 2.11-2.07.
5. PEPE: The daily trend is still bearish, with support at 0.0000065; the upside resistance is 0.000015-12. The 4-hour MACD shows increasing bullish momentum, but the trend is unclear, so it's recommended to wait and observe.
6. DOGS: The performance is relatively strong, maintaining a short-term uptrend. 0.131 is a strong resistance level, having been tested twice without a breakout. The downside support is 0.1293-0.128.
7. Santos: The recent performance has been strong, with signs of accumulation at the bottom. Consider going long, with 2.2 as the stop-loss level.
That's all for today's article. We are currently in a bull market, with turbulent conditions. We have crypto updates to share every day. If you don't know how to navigate the bull market, welcome to follow our public account, Crypto Kitty y, for spot crypto strategies and layout plans to improve your win rate and avoid being trapped at high positions.
Join our discussion group without threshold: +Q: 3806326575 Fans can be pulled in the VIP area.
