Track real-time trends in the crypto world and seize the best trading opportunities. Today is Monday, April 7, 2025. I am Wang Yibo! Good morning, crypto friends ☀ Daily attendance 👍 Like and make big money 🍗🍗🌹🌹

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A new day begins, and the crypto market is like a never-stopping super trading engine, showcasing new hot topics every day. Recently, Trump's tariff stick swung heavily towards the US stock market, causing it to instantly fall into a crashing dilemma. However, the head of the Federal Reserve is not swayed by Trump’s tactics, and the rate hikes continue as planned. The crypto market followed the major index's trend for two days but finally couldn’t hold on any longer, hitting the bottom overnight. Bitcoin broke through the 81,500 support level, testing the 77,268 line at its lowest. The short-term decline is still ongoing, and Ethereum is even more dismal, breaking through the 1,750 support before correcting to the 1,548 line in small steps. Altcoins have been completely wrecked by the market!

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The "U.S. Treasury market basis trading" faces risks due to increased volatility in bond prices. A potential explosion of $1 trillion in beautiful country Treasury basis trading could trigger a global cash grab, leading to the sell-off of all assets including Bitcoin. A similar situation occurred in mid-March 2020 when the basis trading volume reached $500 billion. Currently, under this scenario, focus on the correction of the U.S. stock market on Monday. If the decline in U.S. stocks and other risk assets continues, it may further induce the downward trend in the crypto market. Given the aggressive policies of Trump, we must be fully prepared for a long-term battle. Only in this way can we hold on until the moment when Master Powell (the market's nickname for Federal Reserve Chairman Jerome Powell) intervenes to save the market. Looking back at the pandemic in 2020, the U.S. stock market experienced four circuit breakers, and the Federal Reserve successfully saved the market through massive money printing and other measures. As long as there is this "big move" of money printing, many seemingly tricky market problems seem to be easily resolved.

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The daily chart of Bitcoin has released a relatively clear signal, currently displaying a one-sided downward trend. Continuous bearish candles correspond with gradually increasing trading volume. A large bearish K-line on the daily chart has directly pulled the price back into the lower range, easily breaking through the key support level of 80000, and the drop has given no respite to the bulls, continuing all the way to around 77000. After a single bearish candle's drop, the short-term trend has fallen into a repeated, winding fluctuation. After a low close at midnight, based on short-term indicators, it is highly likely that a rebound will first occur to confirm the support level below. The market has sharply fallen into the oversold zone, with bears continuing to increase their positions. The auxiliary indicators have crossed downward, and the current price is around 77500, leaving room for further decline. The strategy remains primarily bearish, focusing on the testing situation of the technical structural support points at 73800-72500!

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In the Ethereum market, the recent trend has continued to be weak, as mentioned multiple times. Following the significant drop in the Bitcoin market, the price of Ethereum has dipped to around $1548, and it is still oscillating in a low range. Especially in the past few trading days, the speed of decline has significantly accelerated. From a technical indicator analysis, the K-line price has effectively broken below the lower Bollinger Band, and the market has entered an oversold condition. At the same time, the Bollinger Band opening shows an expanding trend, indicating that market volatility has significantly increased, and the downward trend is likely to continue. However, given that the current market is in an oversold state, there is a certain demand for rebound repair in the short term. Nevertheless, judging from the overall market trend, downward pressure still dominates. For short-term investors, it is recommended to maintain a wait-and-see attitude and wait for the price to show significant stabilization or rebound signals at key support levels before considering whether to enter long positions. If the price fails to stabilize effectively at the support level or rebound, the operation should still focus on short positions!