Yesterday's market saw a wild surge followed by a sharp drop, resembling a slaughterhouse! The US stock market is closed tomorrow for Good Friday, making today the last trading day of the week. Hopefully, Trump won't cause any trouble this weekend, but he's probably done enough. The focus for the next three weeks will likely remain on the conflict between the two sides.
What's strange today is that while oil prices surged, US stocks rebounded, and may even close higher. Data shows that turnover has increased somewhat but not significantly, investor sentiment is relatively relaxed, and selling mainly came from short-term investors, with some gradually shifting to long-term holdings. Unfortunately, liquidity is too poor, market sentiment is volatile, and funds are generally cautious.
Liquidity will be even worse over the next three days over the weekend. Let's pray that Trump doesn't pull any unexpected moves. If there's another drop, it might trigger panic selling.
Barring any unexpected news, the market will likely experience low volatility. BTC is expected to fluctuate between 67,500 and 65,700, while ETH is expected to trade between 2077 and 2017. We can trade within this range, buying low and selling high – shorting when prices rise and going long when prices fall.
Remember the stop-loss points: BTC short positions: stop-loss at 68000; long positions: stop-loss at 65000. ETH short positions: stop-loss at 2100; long positions: stop-loss at 2000. If there are any changes, we will review them again later.
To put it bluntly, the stocks that have fallen the most in the past few days are the ones that rose the most in the previous few days.
Looking back now, most stocks have fallen by 20%-50% or more; STOs really cut losses. They went up in one direction and then fell back down in the same direction, with those trading futures suffering even more. That's how the market is; price movements can only last for a while, they can't keep rising forever.
Altcoin are rebounding a bit now, we're just waiting for mainstream coins to catch up. Only when mainstream coins rise will the market see hope.
After completing an upward wedge pattern, CHZ has been fluctuating and declining.
The current price is around 0.04. Although a downward channel has been drawn, the overall trend is still upward, so this move is more like a shakeout. In the short term, we need to see if the upper edge can be broken; if it is, there could be another upward move.
If the price fails to break through, it will likely retrace to the lower support level. The lower support is quite solid; previous resistance has now become support. Wait for the price to retrace to the 0.036-0.038 level before considering long positions.
MASK has recently seen a surge in trading volume and price, with a 24-hour increase of over 15%, and is currently fluctuating between 0.43 and 0.47.
In January, Mask officially took over the top Web3 social protocol Lens Protocol. It had previously acquired its leading application Orb. Its product implementation capabilities have been recognized by the market, and the current trend of counterfeit products has created a positive effect.
Short-term support is at 0.40-0.42, with an upside target of 0.55-0.60. Small positions can be entered in batches, with a stop loss at 0.39. The focus should be on the progress of the Lens ecosystem.
In terms of risks, MASK is a highly volatile Altcoin, and pullbacks often occur after positive news. It is recommended to focus on spot trading and strictly control leverage and risk.
XPL's price has been rising strangely these past two days!
Bitget's six associated wallets deposited $1.5 million and long in XPL, with trading volume exceeding $10 million. When the price rose, it generated a floating profit of $3 million. Subsequently, the price plummeted, leading to a forced liquidation of over $10 million. Hyperliquid was forced to activate the ADL mechanism to cover the losses.
Another report claims that the API key of a major trader on AnAn was leaked, and that the trader executed a $50 million long position (which may have been low-leveraged and is still open).
The past month has been the quietest time on the blockchain, even more deserted than during the Lunar New Year.
My Bitcoin arbitrage call has gone up 5m+ from the lowest point. BTC weekly chart is about to show some movement. Once BTC price starts to rise, the primary market should follow suit soon.
During this period, a number of good meme targets have emerged, such as
Buttcoin, My Shield, etc. If the market doesn't move in a fast-track manner, some high-quality, established coins may be the first to take off, which are worth watching.
