The mainstream coins in March ended with a rise, led by Bitcoin and Ethereum, while the altcoins such as SOL and DOGE performed the most eye-catching. April has finally arrived, and the main driving factors for cryptocurrencies in April include the Bitcoin halving, Stacks' Clarity upgrade, Solana airdrop season, and Eigenlayer mainnet launch. The upcoming Bitcoin halving may ignite market enthusiasm. Stacks will release the Clarity upgrade on the mainnet, adding DeFi functionality. The Solana ecosystem airdrop will bring more liquidity. The Eigenlayer token may go live in late April or early May, boosting the AVS project. In addition, institutional funds are flowing into Bitcoin, and there are new developments in the DeFi field. Overall, April will be an important month for the cryptocurrency market.

April has many significant events, and whether you are trading spot or futures, there are relatively more opportunities compared to the traditional stock market. If you have been trading cryptocurrency spot for the past two years, the profit from any coin is definitely higher than what you would have gained in the traditional stock market. The traditional stock market has been conquering the 3000-point mark, while the cryptocurrency market has experienced numerous bull runs in recent years. Currently, mainstream coins like Bitcoin and Ethereum are still in a technical bull market adjustment phase, and whether they can usher in a second bull market still requires guidance from the news. However, it is believed that the possibility of reaching new highs is quite significant. At the same time, the spring of altcoins will also come. Are you ready to get on board?

Bitcoin Market Analysis: Looking at the daily chart, Bitcoin is in a period of consolidation within a range, still running within the upward channel. The BOLL is in a flat state, and the momentum for adjustment is expected to continue. The price is running above the moving average, and in the short term, attention should continue to be paid to the resistance around $72,000. The price has repeatedly rebounded under pressure at this level, and once it effectively breaks through, the price will hit new highs again. Below, attention should still be paid to the BOLL midline support around $68,500. Until it breaks below this level, the price will still maintain a bullish trend.

Short-term upward pressure levels: $71,500/$72,000 Short-term support levels: $69,800/$69,500

Real-time Bitcoin trading strategy:

1. Buy in the range of $69,800-$70,000 on the pullback, control the stop loss by yourself, and target around $70,800-$71,000.
2. Short sell near the range of $71,500-$72,000 on the rebound, control the stop loss by yourself, and target around $70,500-$71,000.

Ethereum Market Analysis: Boosted by the leading and supplementary rise, Ethereum's bullish performance is strong. The daily chart shows a large bullish candle directly breaking through the BOLL midline position, with the two major moving averages turning upwards to support its upward movement. In the short term, the price surged and then fell back, especially after two consecutive bearish candles pierced through the BOLL midline, the price continued to test the $3,600 level. This level can be used as today's short selling dividing line. Once it breaks below, it will test the $3,550-$3,580 area. If the support is effective, a reversal will occur. Therefore, for today's trend, it is recommended to focus on being long with a low position.

Real-time Ethereum trading strategy:

1. Buy in the range of $3,550-$3,580 on the pullback, control the stop loss by yourself, and target around $3,600-$3,630.
2. Short sell near the range of $3,660-$3,680 on the rebound, control the stop loss by yourself, and target around $3,600-$3,620.

In addition to mainstream coins, we have altcoins and platform coins to choose from. Many people may say that there are too many coins, and they are not familiar with some of them, and new coins are coming. They don't know which one to choose. For altcoins, choose some popular ones (active trading volume, large capital), such as SOL, FIL, DOGE, which I have always recommended. If you have been following my pace, you must have had a good harvest recently. Finally, a reminder to be cautious when playing with altcoins, don't be taken advantage of. Think about how many retail investors bought LUNA in 2022, which almost went to zero. Although there was a narrow escape, most of them were trapped. Without the principal, you can't do anything, and you can only watch others make money, maybe not just this one coin. For newcomers, 2024 is the best opportunity for you to get on board and for experienced investors to get out of trouble. Spring has arrived, and it's time for the altcoin spring, a time when thousands of coins are flying…

Each article is based on the author's personal experience. After encountering various friends in the cryptocurrency market for so many years, their stories bring different experiences to those of you who have not yet met me. Adhering to the trading philosophy of "simplicity, following the trend, no greed, no attachment, and steady execution" is the only way to wealth. Focus on Bitcoin, Ethereum, and other spot contracts for many years, using the lessons from many retail investors in the market to guide your progress. Follow Yuhui and you won't get lost. Yuhui will help you create wealth!

This article is from the author Jin Yuhui. Please indicate the source when reposting, respect personal opinions, and do not plagiarize. The market conditions are ever-changing, and the article has timeliness and lag. This article does not provide any express or implied guarantees of the accuracy, reliability, or completeness of the content contained. Readers should use it for reference only, strictly control their positions, and bear all responsibilities by themselves. Finally, I wish everyone a happy investment and a happy day!

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