Cryptocurrency indeed "celebrates" Qingming Festival, but it's not a real holiday; rather, the community leverages traditional festivals to play memes, create meme culture, and market fluctuations caused by liquidity changes. For those in Shanxi, you should also pay special attention to the "cold reality" of regulation and compliance. 1. Market Level: No closing, but potential "trend reversal" The global crypto market operates 24/7, with no concept of closing. However, since A-shares are closed during Qingming, some linked funds may temporarily hold back, leading to thinner market liquidity and potentially increased volatility. Today (April 4), Bitcoin is trading sideways between $66k and $67k, reflecting this weaker liquidity. 2. Cultural Level: Meme Coins' "Cyber Ancestor Worship" This is the main way the crypto community "celebrates" Qingming, essentially community meme culture: "Hell Money" Meme: Every year around this time, various meme coins appear on-chain called "MingCoin," "Ethereum Hell Coin," etc. This is purely entertainment-based "cyber ancestor worship," using festival atmosphere for hype, extremely risky, and should not be taken seriously. Honoring "Zero Coins": The community often jokingly says they are "paying respects" to projects that have gone to zero or disappeared. This is dark humor, reminding people to be cautious of risks. 3. The Real "Qingming Effect" If you're following market trends, the real logic isn't the festival itself but macroeconomic factors. Currently, the market is digesting the Fed's hawkish signals (delayed rate cuts) and geopolitical risks, which are the core reasons for price volatility, not the lunar calendar. In summary: Crypto Qingming means "normal trading in the external market, community meme祭祖, and regulatory pressure remains high." Don't get distracted by meme coins; focus on macro liquidity—that's the real issue. #Gate广场四月发帖挑战

$BTC 4.4 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions The weekend saw narrow fluctuations; the market appears calm on the surface but is actually brewing with underlying currents. Within a range of just 400 points, prices are repeatedly tugging back and forth. This kind of movement is often a "consolidation" phase before a major trend, and I lean more towards a downward direction. Currently, the price has been pushed back up to around 67,000, seeming strong but actually nearing exhaustion. Looking at the 1-hour chart structure, the price rebounded to the upper Bollinger Band, clearly facing resistance. Technically, the RSI indicator has quietly approached the overbought zone, and the rebound momentum is waning, which usually signals an imminent short-term pullback. Therefore, this upward move is more like an opportunity for bears. The 67,000 level, whether from the perspective of the high point of the range or the indicator correction needs, offers a good setup for short positions. No need to wait for a breakout confirmation; in this narrow-range consolidation, going short at the high is the most reasonable strategy. In terms of trading, you can consider opening a small short position around the current price of 67,000, with a stop-loss just above the previous high. The short-term target is first around 66,200-66,000. If broken, further decline to around 65,500 is possible. In this kind of narrow-range market, rapid rises and slow declines are normal; patience and holding are key. #加密市场行情震荡

ETH: Just at the start of April, we saw a wave of upward movement, reaching the internal target of 2162, and the exclusive short position at 2163 was exited around 2026. Many people blame the recent fluctuations on the speech by the "U.S. Treasury Secretary." For a technical trader like me, it has no impact. To technical traders, candlestick charts speak their own language. When the monthly and quarterly candles close, the first thing we consider is the language conveyed by these larger timeframes. 2163 is a crucial level that the monthly chart must reach as its first task, so both the over 100-point rally and the over 100-point decline are already within our grasp. The weekly chart is about to close, and a new week begins. For the weekly timeframe, the 2012 level is particularly critical. 2012 is the key support/resistance level on the weekly chart. Of course, the support below the monthly chart is also very important. Is the April rally the last rebound for the bulls, or is it setting the stage for a sharper decline? In this 24/7, no-limit market, it’s extremely brutal. I’ve been involved in the community for a while, helping members steadily profit. Today, after a rainy weekend, sitting in front of my office computer, I suddenly had a thought—what do I want to write, but I seem to not know where to start.