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It is also necessary to pay attention to the exchange rate of Bitcoin. Because at present, it is indeed a key support area for Ether. If this range can be supported, there will be a rebound in Ether. So at the end of the show, we talk about two proof-of-work (PoW)-based coins: Bitcoin Cash (BCH) and Litecoin (LTC).
For both coins, if you choose to be bullish at this minute, the simpler strategy is to stop the loss when it falls below a certain point. For me personally, I've already sold some of it at a high level (e.g. OK 75%), and my break-even point is actually $580. There is currently 25% of the position left, and if the price falls below my stop loss level, I will also opt out.
As for Litecoin (LTC), if you have already entered the market with us, then pay special attention to the price point of $92. If the price does fall below $92 within an hour, then the whole trend may have to change. So, if you ask me if I want to enter the market at this minute, all you need to consider is whether I can accept a stop loss of $92, it's as simple as that.

We expect Ethereum to move down and then rebound. If such a situation arises, we can consider it bullish. However, the rally of Ether did not reach the middle of the box and began to fall, unlike Bitcoin, which directly rebounded to the middle of the box before starting to decline. Therefore, if you trade a 2B rally order for Ether, this rally may result in a loss.
However, if you look at the medium- to long-term timeframe, Ethereum's price structure is relatively simple and straightforward. A move from the bottom to the top can be seen with the current 0.618 support sitting around 3295 points. As for last night's deep dip, it actually did not fall below 3400 points. I also mentioned in yesterday's episode that 3400 points is a key point to consider for a rebound operation. The order did not perform well this time. However, if the support level of 0.618 can be maintained, I still expect a rally in Ether. The main reason is that if you pull the 0.618 line, you will find that there are exactly two flat tops above, and Ether was close to getting airdrop liquidity when it approached the top, but eventually started to fall without it. Therefore, I am inclined to believe that if there is a strong rebound from the decline exactly around 3300 points, then the main bullish point is the target point above 3700 points. This analysis also applies to the market dynamics of Bitcoin.

From a large-cycle perspective, we don't want to see such a decline. If, tomorrow at 8 a.m., bitcoin can return above $68,360, it will be a good signal for bulls. According to our analysis, a large timeframe may enter a large consolidation triangle pattern, that is, it is deduced by the connection of vertices and bottoms. In this way, bitcoin may fall to $62,000 before it rebounds. We expect Bitcoin to create a higher high. Once there is a 2B false breakout, we will be bearish on the entire market.
We also looked at the volume situation. Although the volume is not large, today's action is indeed a downward probe action, which caught many friends in the East Eighth District off guard. We reminded everyone in the Telegram announcement community last evening that bitcoin may go to this liquidity point, which is around $68,300. The market is indeed moving in this direction. A lot of friends in our community open positions in this position and watch the rally.
What do we think of this downward probe action? We use 0.618 to determine the overall trend. The current bullish trend is stable above 65,800 points. If it closes above $68,300 tomorrow morning, we believe it will still be a bull-dominated market. We're not going to chase short at this intermediate stage. Judging by the structure of the daily level, it has not yet broken below the bullish structure. We will be watching to see if Bitcoin can sustain above the key support points to determine our trading strategy.

LTC is also one of the concepts of this PoW. Recently, there has been a lot of hype about PoW, mainly because the United States believes that Ether is a centralized currency, and it has the Ethereum Foundation behind it, and the SEC defines this coin as similar to a security and should be managed by them. But in the case of the law, the SEC believes that the supply chain of Bitcoin PoW is decentralized, so this Bitcoin, BCH, LTC, etc. are decentralized, and even Dogecoin is through mining, so there has been a good rise in hash coins recently.
The last time this coin was shared, LTC was around $80. That point in time can be seen back in mid-March. At that time, it was said that the coin could be bullish, and then the bullish target was to reach the previous high, $115. Next, I won't chase any more in this position. When it reaches $115, if you see it close, then you can consider taking a short-term profit and exiting the market. If there is still a bullish trading opportunity in the short term, just wait for it to recover some points accordingly, including if it falls to around $92, and then these positions rebound, which is actually a good bullish trading opportunity.

Last week, I discussed the market of Ether with you for three days, sharing my analysis and predictions. I think there's going to be a catch-up rally in Ether, especially as I highlighted on Thursday's show. I mentioned that when Ether reaches a certain key level, it can be considered bullish and recommend setting the stop loss level below $3,400.
In my analysis, Ether is expected to rise and test the $3,700 resistance level. This is based on the judgment of the bullish market trend. Nonetheless, I would also like to caution everyone to pay attention to risk management, as the market is always uncertain. For example, if the U.S. suddenly announces its refusal to approve an Ether-related ETF product, market sentiment could be affected.
It is precisely because of this uncertainty that we need to set a stop loss when making a trade, giving the market a chance that it may reverse our expectations. No one can always correctly predict market movements unless he is the controller of the market. Therefore, the right risk management and stop-loss strategy is crucial.
I also mentioned a point of concern: long liquidity is around $3,465. If the market bounces back at this level, then this could be a bullish signal.

First, let's look at the objective picture of Bitcoin from a fundamental perspective. Bitcoin has shown a strong rally, rising for seven consecutive months and hitting new all-time highs. This strong rally was last seen in 2021, when Bitcoin rose for six months in a row from the end of 2020 to the beginning of 2021. But after the seventh month stopped rising, a sharp retracement began in the eighth month. We have now risen for seven consecutive months, and the probability of April is not too great, and even if it rises, we must pay attention to whether there is a signal of a peak. In a bullish market, it is impossible to go up all the time without retracement.
From a technical point of view, we mentioned in our last episode that we will not be bearish on Bitcoin when the weekly and monthly lines close on Monday. We used a 1:1 extension ratio to predict that the potential target for this wave is around $80,000. Therefore, it is important to pay attention to the price point of $80,000. We also discussed historical quotes, and Bitcoin now seems to be repeating certain patterns. For example, when Bitcoin breaks through new all-time highs, if there is a retracement and attacks higher points again, this will be the focus of our attention.
Returning to the daily level, we see that Bitcoin has built up chips in an important support zone, so it is bullish to $74,000 in the short term. Now that bitcoin has broken through this resistance zone, the next direction will soon become clear. We need to pay attention to whether Bitcoin will continue to break through or show a retracement. Especially in a short period of time, if we see a sharp drawdown in Bitcoin, then it may be time to consider selling the altcoin.
In summary,

According to Bitcoin.com reports, Bitcoin miner CleanSpark plunged 10% in after-hours trading as it amended its offering agreement to sell up to $800 million in shares on the market (ATM), a decision that would dilute CLSK shares by 19% given its $4.2 billion market capitalization.
A March 28 filing with the U.S. Securities and Exchange Commission (SEC) revealed that the company's offering with HC Wainwright & Co was adjusted to $800 million from an initial $500 million in an effort to raise more capital, a strategy that has also been adopted by other Bitcoin mining companies such as Riot Platforms and Marathon Digital Holdings.
Despite the recent drop in the stock price, CleanSpark's share price has risen significantly by 95% in 2024 and a whopping 685% in the past 12 months, and the company is preparing for the expected Bitcoin halving event on April 20, which will reduce mining rewards, and CleanSpark will be the company with the lowest cost of Bitcoin production after the halving. '

A large amount of USDC has flowed into Coinbase over the past day. The on-chain metric of interest here is "Exchange Inflows", which tracks the total amount of a given asset going into a wallet associated with a centralized exchange or group of platforms.
A sharp rise in exchange inflows could indicate that investors are interested in trading cryptocurrency currencies. For an asset like Bitcoin, this trend can naturally be a bearish signal for the price.
In the context of the current discussion, though, stablecoins are in focus. While the USDC trade inflow also means that holders want to sell the asset, the transaction does not affect the price because, essentially, the token has always been stable at around $1.
However, this does not mean that the entire cryptocurrency industry is not interested in the sale of dollar coins. If an investor swaps a stablecoin for a volatile coin such as Bitcoin, the price of the latter's asset will have a buying effect.
The inflows, totaling $1.4 billion worth of stablecoins, went into the platform's wallet, the largest ever on the exchange. Given its extraordinary size, this could be quite bullish for Bitcoin and other currencies if the entity behind the inflow plans to make purchases with this dry powder.
However, there is also a case where the whale actually intends to exchange the dollar coin for fiat currency, and not use it to buy other cryptocurrencies. In this case, the net capital will exit the sector, which will be a bearish signal.

The PCE headline deflator rose 2.5% year-on-year in February, slightly higher than the 2.4% increase in January. Although the annual growth rate of the PCE core index fell to 2.8% from 2.9% in January, this reflects an upward revision of the annual growth rate in January and is higher than estimated.
In response, Power said that "it is good to see that the situation is in line with expectations", and this latest data, along with other recent data, shows that the road to inflation has been "bumpy at times".
Personal consumption expenditures rose sharply by 0.8% in February from January, indicating that the U.S. economy continues to be strong. Powell said that in the face of weak global economic growth, the "exceptionalism" of the United States has allowed the Fed to afford to wait, and "we can and will be cautious about deciding [when to cut interest rates] because we can do it."
Power reiterated that policymakers must look at more inflation data before they are confident that inflation is moving toward the 2% target. He pointed out that "will inflation be delayed for more than two months? If inflation does come down, we'll tell you what the Fed will do. That's the basic situation, and that's what we're expecting."
He said that because of solid economic activity, "we don't need to rush to cut interest rates". He also pointed out that the Fed will not overreact because the inflation data at the end of last year was lower than expected, nor because the data at the beginning of this year was stronger than expected.

短时间周期内,对以太坊短线行情是,如果你愿意将止损设置在3,400美元以下,那么你可以考虑在当前区间进行看涨交易。 Last night, 价格曾上涨 to 3,614 US dollars,从Ying亏比角度来看,已经能够之1:1。 但如果你对此不满意,就必须留意当前的支撑与阻力区域,主要是3,535美元左右的价格范围。 如果today价格再次下探,并在小时间周期内回到3,524美元左右,那么这将是一个考虑短线进入的时机。 目标价格应该是前高点附近,因为目前市场还没有突破这个短线趋势中的更低高点(lower high)。 如果能够突破这一点,我认为多头的目标尚未完成。 我之前也提到过,3,700美元这个整数价格点非常关键,它的流动性高但仅仅被触及了一点。 第二次尝试上涨时非常接近这一点,但没有明显的流动性倾向。 在一段时间的盘整后,价格还是会试图冲向3,700美元。
因此,从中长期周期来看,3,700美元是一个非常关键的价格点,而从短期周期来看,它是短线多头的一个目标之一。

Exploring Bitcoin’s potential top from a technical analysis perspective. In addition to the K-line pattern, we will also use the Fibonacci extension ratio, that is, the theory of AB=CD. Pulling up from the starting point of the previous bull market to a 1:1 extension ratio, we can see that the top is approximately $81,000. Therefore, there is a technical basis for many people to believe that the price of Bitcoin will rise to $80,000. In addition, if the current pattern is a consolidating head and shoulders bottom pattern, using a 1:1 box breakout extension, we will find that $81,380 is exactly the same as the Fibonacci extension ratio, which is worthy of our attention.
But I will also look at the weekly close for the coming week. If Bitcoin continues to rise, I would expect it to maintain its current trend. Historically, if there is a long lead at the weekly level after breaking through a new high, there will usually be consolidation for about two weeks, and then continue to rise. However, it should be noted that if a false breakthrough occurs, it may be a signal that medium and long-term investors need to be wary of. According to Bitcoin’s Greed and Fear Index, once an extreme level of greed is reached, the market will tend to retrace if it lasts for about 40 days. Currently, Bitcoin has been in a state of extreme greed for about 30 days, so Bitcoin may continue to rise in the future, but if there is a peak retracement at the weekly level, you need to be careful about a possible market correction.

For Dogecoin, if you want to confirm the reversal of its overall trend from a medium- to long-term perspective, you need to break out and retrace into an intermediate area, and then continue to rise. In this way, we can form a large arc bottom, and thus bullish. Otherwise, there is a tendency for Dogecoin to experience a deep correction after the rally due to the sell-off in liquidity.
Let's review the deep pullback after the last time it rose. The pullback from the 0.2 high, if it was a late contract, may not be able to withstand the downward pressure, falling by 41%. Therefore, I personally recommend that for altcoins, it is more realistic to focus on spot trading.
In addition, I would like to update you on the situation of BCH. Recently, this coin has been doing quite well. We shared information about it last Thursday and Friday, and we've tracked it this week. As you can see, its performance this week has been quite strong, even up 56% from last week's low. My first target point has already reached 530.
In yesterday's show, I also mentioned that the BCX halving is good news. There are now about 10 days left until the halving. From a long-term perspective, we also gave a target point earlier, which is about 580. In my opinion, it may do some high-level consolidation in this range. If it continues to rise directly, I may opt out and lean towards short-term operations. If it continues to rise after consolidation, I will continue to watch to see if it can hit higher levels such as 700.

As for the market and analysis of Ether, I have shared with you before that if we wait for it to pull back to a ratio range close to 0.618, or to support the main zone, these are potential bullish ranges. At the moment, these levels have already been reached. Therefore, if you want a good P/L ratio, then you can consider entering the market at the level of about 0.618, which is about $3,411.
If you hit this price and see that the price starts to rebound, then you can consider entering the bullish market from the right side. If you choose to enter from the left, you may need to set your stop loss at around 0.88 percentage pips.

Today will be the last trading day of the first quarter on Wall Street, and Bitcoin has performed very satisfactorily throughout the quarter. Since January 1, the highest point has risen by 75%. Generally speaking, we approach the last trading day with a bit of bias, and the source of this bias is that Wall Street fund managers need to show investors their excellent performance in the first quarter and encourage them to invest more. This kind of stock manipulation at the end of the quarter in order to beautify the quarterly results is often referred to as "window dressing". Therefore, let's go today with such a bias to see if Bitcoin and Ethereum have a chance to be bullish.
Whether April will become the time point for a pullback, or return to the K-line to see the current price and behavior of Bitcoin, and how we view the current market. After the opening of Wall Street last night, the price of bitcoin skyrocketed, and then took the liquidity of the airdrop, directly breaking the long stop-loss order of chasing long above.
After the price pullback, it is recommended to be bullish in the short term, with a stop loss at 68,000, and then the price instantly rises to the level of about 70,000.
When it reached the level of more than 70,000, it was around the central axis of the consolidation area ahead, and Bitcoin was blocked. Therefore, I also immediately remind everyone to leave. That transaction simply ended, reflecting a wave of Bitcoin long and short double kills. According to the principle of "false breakout", both short and long positions can be opened.

The exact timing of the current altcoin season. In fact, altcoin season has already begun. Many altcoins can be seen performing very well. Looking at the statistics on altcoin positioning on TradingView, you can see that the market capitalization has rebounded by more than 0.618. In my opinion, there is a high probability that the altcoin market cap will exceed $366 billion. Once this is breached, it will trigger the next wave of altcoins.
However, not every altcoin will go up. In this bull run, only those strong altcoins will perform well, which can be found through technical analysis, such as BCH. As we shared the other day, BCH is also doing well. Yesterday, it tested its highest price at $510. A successful breakout of this previous high from the medium-term level would put it at $580 just around the corner.

In the past, whenever this range was reached, it was the point of potential reversal of Ether.
In my opinion, Ether has not yet tested this important ratio area of 0.618, probably just around this evening.
If Ether has a strong breakout similar to Bitcoin, or even a retracement after the breakout, directly breaking through this 0.618 area, then it is time for bulls to enter the market.
Currently, the main support point for Ether is around $3,500.
As long as it does not fall below this level in a day, it should be considered to be dominated by bulls.
Although this goal has not yet been reached, I also shared my analysis with you in yesterday's show. The second target above is $3680, and I predict that the price will rise to this level to get liquidity from this airdrop. The next target is $3,700, which is in the 0.618 ratio range. If Ether manages to break above 0.618, what will be the next target for the bulls? Let's take a more conservative estimate, with a 1:1 ratio exactly the previous high, around $4,100 to $4,200. This is a prediction for the price of Ether.
So, which point is broken to make people feel pessimistic? It is around the central axis of this triangle. How do you determine the central axis of a triangle? By drawing it, you can see a relatively standard triangle pattern appearing on the Ether chart. This level is critical and cannot be broken by a solid candlestick. As long as there is no breakout in a day, it can be mainly bullish.

If we use the technical deduction of the K-line from the medium and long-term period, looking at this large culet, and we use 1:1 to deduce, if the Bitcoin wave rushes to a higher point, the potential target price above may be around $81,200.
But that's just a very desirable number. What I am more concerned about is to use this rising channel from a short period of time to deduce where the potential top of this wave of bitcoin is and which position range it reaches. Spot friends should appropriately carry out some profit-eating actions to prevent this wave of big drawdowns.
Then we can see that this previous high is around 74,000.
And this price is basically, if Bitcoin breaks through the central axis of this consolidation, it should be able to reach it soon.
Therefore, short-term friends should pay attention to whether the short-term bitcoin retracement will come to these points, and then make a bullish structure and attack upwards when it is $74,000.
When you look at this one through the channel-based deduction, a potential top point above it is also about $80,000.
Remember that the meat of the fish tail is very unpalatable, so I hope you must be prepared for both. If you have already laid out a long order in these ranges or are looking at altcoins by yourself, you should be more careful after reaching the previous high point and breaking through, and you must set up actions such as capital preservation. Let's go back to the very short-term timeframe and look at Bitcoin today, if we simply use 0.618

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FX168 Financial News (North America) News Bloomberg analyst James Seyffart believes that the U.S. Securities and Exchange Commission (SEC) will veto the listing and trading of spot Ethereum ETFs by May 23.
Sephat noted that as of now, the SEC has not engaged in any kind of interaction with spot Ethereum ETF applicants as it did with Bitcoin earlier this year. #现货比特币ETF#
According to Sefat, the chances of a spot Ethereum (ETH) exchange-traded fund (ETF) being approved in the U.S. dropped sharply to 35% by May 23.
This prediction comes after the SEC's decision on Tuesday (March 19) to postpone the ruling on the Hashdex Nasdaq Ethereum ETF Fund and the Ark 21Shares Ethereum ETF. While the recent delay is to be expected, all focus remains on the May 23 deadline, when the SEC must issue a ruling on the spot Ethereum ETF application.
Some other spot Ethereum ETF applicants include BlackRock Group (NYSE: BLK), iShares Ethereum Trust, Fidelity Ethereum Fund, and VanEck Ethereum ETF, among others.

SoSoValue data showed that the Bitcoin spot ETF had a net outflow of $94 million on the 21st, which has been negative for the fourth consecutive trading day, which has not been seen since January 25.
On the 21st, the largest net outflow was Grayscale GBTC, with a single-day net outflow of $358 million, and the week before, Grayscale had a large-scale net outflow, with a net outflow of $642 million on the 18th, a record high, and the current historical net outflow of GBTC has reached $13.63 billion.
However, Bloomberg ETF analyst Eric Balchunas tweeted that most of Grayscale's outflows may end soon, as the recent increase in net outflows, mostly from the liquidation of bankrupt crypto firms, can be seen from its "scale and consistency":
Any outflow from Gemini/Genisis could be converted to buy Bitcoin, so the market will remain strong. The point is that the worst-case scenario may be coming to an end, and once it does, there will be only retail outflows, which should be more like a trickle in February.

BCH, also known as Bitcoin Cash.
Historically, when Bitcoin breaks through the previous highs, Bitcoin Cash will also try to climb upwards. Looking at the larger timeframe, Bitcoin Cash appears to have formed a consolidating triangle pattern. If this consolidating triangle breaks upwards, in the short term, Bitcoin Cash may try to test the previous high, which is the level of more than $500. As for whether it can show a stronger bullish trend in the medium and long term, the heavier resistance zone is probably around $600. It will be difficult for Bitcoin Cash to return to levels like $1,000 or $1,700. But in this bull market where bitcoin is rising, there is some room for imagination to return to about $600.