Main 24-hour trend: ETH major traders place more limit sell orders, totaling 921 million US dollars

Click on the link to enter the meeting: https://meeting.tencent.com/p/5551765098 In May, the financial market will witness two major disruptive events that will directly dominate the trend of the cryptocurrency market and become the core trigger for market reversal! One is the visit of the US President to China on May 14th, and the other is the change of Federal Reserve Chairman on May 15th, with Powell officially stepping down and Kevin Walsh taking office. The two major events are highly time intensive, and the policy direction and financial landscape will undergo significant adjustments. Global capital has already laid out in advance, and the cryptocurrency industry is entering the ultimate choice stage! After a sustained period of volatility on Saturday, the bulls set sail again on Sunday morning, with the big pie directly rising near the 79100 line, and the ether rising around 2340. I made it very clear yesterday about the short-term market. If the short-term market returns to around 78000, it will be given an additional 1000 points, while if the Ethereum returns to 2280, it will be given an additional 60 points. The pace and expectations are basically consistent. After confirming the support for the pullback on Thursday, it rebounded all the way and continued to rebound over the weekend, regaining its lost ground again. This means that the support below is more obvious, clearly not a downward trend, but a correction in the form of a pullback. Reviewing historical trends, the impact of major policy events on the cryptocurrency market is highly regular! On the eve of Trump's visit to China in 2017, Bitcoin surged by over 50% unilaterally due to favorable policy expectations, and market sentiment was extremely fervent; After the landing of the visit to China incident, all the good news came out and funds fled frantically, leading to a sharp decline in the market. At the same time, mainstream financial markets such as the US stock market and A-shares have repeatedly shown the classic trend of "early speculation of expectations and realization of profits upon event landing" before major diplomatic and policy events. This cryptocurrency market trend is likely to replicate this pattern, and early prediction is necessary to seize the opportunity From a technical perspective, market liquidity has weakened, and the short-term upward momentum of mainstream currencies in the cryptocurrency industry has completely dried up! The BTC daily MACD and RSI indicators simultaneously form a dead cross, and the 3-day MACD is facing zero axis watershed suppression, with clear bearish signals; The key range of resistance is 78500. Long positions have repeatedly drawn back but cannot break through, and if they do not break through for a long time, they will inevitably fall. The short-term market tends to decline, and blindly chasing multiple positions can easily lead to losses. Pay attention to short positions between 73500-74500! Combining event driven, historical patterns, and technical signals, the non farm payroll data before and after time node 8 shows a downward trend. Short orders should focus on key resistance levels near the 78500-79300 range, and be short when high. The first target range for profit taking is the 73500-74500 range, which is a turning point. If there is rebound resistance before and after the release of CPI data on the 12th, or if it does not exceed 80000 yuan in the 78500-79000 range, it can be short. Short term long positions should not be greedy, and stop losses must be taken into account. In special circumstances, on the day of the President's visit to China on May 14th, historical patterns should be reviewed to avoid risks and uncertain factors. Market risks should be closely monitored! Weibo: God, Ferry Weimai Circle Group Number: 63203578039 Tencent Meeting Live Number: 5551765098 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

The Zcash Foundation has released Zebra 4.4.0, which fixes consensus level security issues such as denial of service vulnerabilities and incorrect counting of block signature operations. It also recommends that node operators upgrade immediately to avoid block discovery interruptions, chain forks, and resource consumption risks.

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According to CryptoQuant analyst Axel Adler Jr's post on the X platform, based on the adjusted price range model, Bitcoin needs to fall to the key range of $59000 before it can start a medium - to long-term bottom, which is expected to take about 6 months to complete. He emphasized that the core of market stabilization lies in the return of long-term real demand, rather than emotional repair or partial rebound.

Tether CEO Paolo Ardoino shared Memento Research data on X platform, stating that the monthly consumption scale of encrypted payment cards has reached $600 million, a 6-fold increase compared to the same period last year. The cumulative on chain transaction volume has reached 7.2 billion US dollars, with 24 million transactions covering 1.36 million wallet addresses. Data shows that about 90% of transactions are completed through the Visa network, and 62.5% of transactions are settled through USDT.