In the seven days preceding the halving, Bitcoin’s value dropped by around 4%. In the last week, we did not reach the all-time high, but we did fall below $60,000 on multiple occasions.

減半前7天，比特幣價值下跌約4%。上週，我們沒有達到歷史高點，但確實多次跌破 6 萬美元。

I don’t feel any joy; why is that? Two things are at play here.

我沒有感到任何快樂；這是為什麼？這裡有兩件事在起作用。

The first is that the halving process is still in its infancy. Despite the fact that April 17 was considered a possible date by some experts. The halving process is independent of time and is instead dependent on the height of the blockchain, so everything is crystal clear here. Put simply, it happens once every 210,000 blocks. The halving will take place in 2024 at a height of 840,000 blocks.
Second, there are the conflicts between Israel and Iran.
The 90-day correlation between Bitcoin and the dollar has hit a one-year low due to rising US inflation and tensions in the Middle East.

首先是減半過程仍處於起步階段。儘管一些專家認為 4 月 17 日是可能的日期。減半過程與時間無關，而是取決於區塊鏈的高度，因此這裡一切都一目了然。簡而言之，每 21 萬個區塊就會發生一次。減半發生在2024年，區塊高度達到84萬個。 。

The fact that not everyone sees halving—that is, cutting the reward to miners for a block in half—as a bullish signal is interesting. According to 10x Research analyst Markus Thielen, previous growth cycles were caused by macroeconomic factors rather than a decrease in the reward for mining a block.

事實上，並非所有人都將減半（即將一個區塊的礦工獎勵減少一半）視為看漲訊號，這一點很有趣。 10x Research 分析師 Markus Thielen 表示，先前的成長週期是由宏觀經濟因素引起的，而不是開採區塊獎勵的減少。

From a technical analysis perspective, Bitcoin is still in the midst of its correction. For the first time since March 5, 2024, the price has dropped below $60,000 over the past seven days, and the 50-day moving average (in orange) is above. Even though the RSI indicator has started to rise, it is still below 50, which means that the trend is not changing either. If you can break through the $73,794 resistance level, your evaluation of the situation will shift. However, sales will persist unless the $59,600 support level is broken.

從技術分析來看，比特幣仍處於回調之中。自 2024 年 3 月 5 日以來，價格在過去 7 天首次跌破 60,000 美元，50 天移動平均線（橙色）位於上方。儘管RSI指標已經開始上升，但仍低於50，這意味著趨勢也沒有改變。如果您能突破 73,794 美元的阻力位，您對情勢的評估將會發生轉變。然而，除非突破 59,600 美元的支撐位，否則銷售將持續存在。

A thirteen point decline was noted in the fear and greed index when compared to last week. Right now, it’s worth 66. This shows that greed is prevalent, albeit not to an extreme degree.

與上週相比，恐懼和貪婪指數下降了十三點。現在，它的價值是 66。

Ethereum
The decline in airwaves over the past week was slightly less than 8%. With a decline to $3,000, the market cap of the cryptocurrency ranked second in the world fell. Consistent with the weeklong pessimism, five trading sessions ended in losses.
This information is derived from tradingview.com.

以太坊上週電波跌幅略低於8%。隨著跌至3000美元，全球排名第二的加密貨幣市值下跌。與為期一周的悲觀情緒一致，有五個交易日以虧損告終。

Big players’ actions (whales) were the primary cause of the negative dynamics over the past week. A large portion of their ETH was sold off. According to analysts from the Spot On Chain platform, one of the whales who continued to participate in the Ethereum ICO, for instance, sold 2,000 tokens for 6 million USDC.

大玩家（鯨魚）的行為是過去一週負面動態的主要原因。他們的大部分 ETH 都被賣掉了。據 Spot On Chain 平台分析師稱，其中一位繼續參與以太坊 ICO 的鯨魚以 600 萬 USDC 的價格出售了 2,000 個代幣。

Twenty thousand people are now active as validators on the Ethereum network. The last time this occurred was in September 2023. Indicator values started rising in March 2024. The concept of re-staking sheds light on the matter; it enables one to stake cryptocurrency on multiple protocols simultaneously, not just Ethereum.

現在有兩萬人作為以太坊網路上的驗證者活躍。上次發生這種情況是在 2023 年 9 月。它使人們能夠同時在多個協議上抵押加密貨幣，而不僅僅是以太坊。

The concept of Ethereum spot ETFs has been refined. The authorities in Hong Kong are taking a more aggressive stance, in contrast to the United States, where people remain somewhat skeptical of the May decisions. Three products from Bosera Asset Management, China Asset Management, and Harvest Global were approved by the Securities and Exchange Commission of Hong Kong (SFC) this past week.

以太坊現貨 ETF 的概念得到了完善。與美國相比，香港當局採取了更激進的立場，美國民眾對五月的決定仍持一定程度的懷疑。博時資管、華夏基金和嘉實環球的三款產品上週獲得香港證券交易委員會（證監會）批准。

From a technical analysis perspective, it is evident that the correction for ether is ongoing. The price dropped below $3,059, which was the previous support level and the low from March 2024. The price is significantly below the 50-day moving average (shown in orange), and the relative strength index (RSI) is below 50 and keeps falling, indicating that bears have the upper hand over bulls according to the indicators. If the price manages to break through the $3,280.4 resistance level, it will likely signal a change in trend. At $2,845, the level of last week’s low, we have support.

從技術分析的角度來看，顯然以太坊的修正正在進行中。價格跌破3059美元，這是之前的支撐位，也是2024年3月以來的低點。下跌，顯示根據指標空頭比多頭佔上風。如果價格成功突破 3,280.4 美元的阻力位，則可能預示著趨勢的變化。在上週低點 2,845 美元處，我們有支撐。

Cryptocurrency dogecoin
Over the course of the week ending April 19, Dogecoin, the most valuable memcoin by market cap, experienced a decline of nearly 13%. Curiously, the entire negative effect happened on a single day – Saturday, April 13, when the decrease was 12.46 percent. Changes on different days could only cancel each other out.
This information is derived from tradingview.com.

加密貨幣狗狗幣 在截至 4 月 19 日的一周內，市值最高的 memcoin 狗狗幣下跌了近 13%。奇怪的是，整個負面影響發生在同一天——4 月 13 日星期六，當天下降了 12.46%。不同日期的變化只能相互抵消。

A drop in internet use explains the negative dynamics. The number of daily active addresses fell below 42,000, according to the analytical platform Santiment. Since October 2023, this has never occurred before.

網路使用量的下降解釋了負面動態。根據分析平台 Santiment 的數據，每日活躍地址數量降至 42,000 以下。自2023年10月以來，這種情況從未發生過。

Since early 2024, Dogecoin has outperformed Bitcoin, making it one of the rare altcoins in the top 50 by market cap. The rate of DOGE tokens rose 69% between January and April, whereas the rate of BTC rose just 52%.

自 2024 年初以來，狗狗幣的表現優於比特幣，使其成為市值排名前 50 名的罕見山寨幣之一。 1 月至 4 月期間，DOGE 代幣的匯率上漲了 69%，而 BTC 的匯率僅上漲了 52%。

Dogecoin still has many good points, even with the correction. A statement from Bitmain, a Chinese company that makes mining equipment, is one of them. A new Antminer L9, compatible with Litecoin, Bells, and Dogecoin, is set to be released in May.

即使進行了修正，狗狗幣仍然有許多優點。生產採礦設備的中國公司比特大陸的聲明就是其中之一。相容於萊特幣、貝爾斯和狗狗幣的新型螞蟻礦機 L9 將於 5 月發布。

It is said that Elon Musk allegedly carried out a number of large transactions involving this. Two transactions totaling approximately $45 million involving 150 million DOGE tokens were recorded within a few days. The enigmatic tweet that Musk sent out the day prior to these transactions sparked suspicions.

據稱，伊隆馬斯克涉嫌進行了多起涉及此的大額交易。幾天內記錄了兩筆總價值約 4500 萬美元的交易，涉及 1.5 億 DOGE 代幣。馬斯克在這些交易前一天發出的神秘推文引發了懷疑。

As far as technical analysis is concerned, Dogecoin is witnessing near-term The long-term trend is positive, but bears are outnumbering bulls. Both the 50-day and 200-day moving averages, shown in orange and blue, are below the current price. Levels of $0.12285 serve as support, while levels of $0.16672 act as resistance.

就技術分析而言，狗狗幣的近期趨勢是正面的，但空頭數量多於多頭數量。 50 天和 200 天移動平均線（以橙色和藍色顯示）均低於目前價格。 0.12285 美元的水平作為支撐，而 0.16672 美元的水平作為阻力。