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.

减半前7天，比特币价值下跌约4%。上周，我们没有达到历史高点，但确实多次跌破 60,000 美元。

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

我没有感到任何快乐；这是为什么？这里有两件事在起作用。

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.

首先是减半过程仍处于起步阶段。尽管一些专家认为 4 月 17 日是一个可能的日期。减半过程与时间无关，而是取决于区块链的高度，因此这里一切都一目了然。简而言之，每 210,000 个区块就会发生一次。减半发生在2024年，区块高度达到84万个。 其次，以色列和伊朗之间的冲突。由于美国通胀上升和紧张局势，比特币与美元的90天相关性已创一年新低。中东地区。

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.

事实上，并非所有人都将减半（即将一个区块的矿工奖励减少一半）视为看涨信号，这一点很有趣。 10x Research 分析师 Markus Thielen 表示，之前的增长周期是由宏观经济因素引起的，而不是开采区块奖励的减少。

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.

从技术分析来看，比特币仍处于回调之中。自 2024 年 3 月 5 日以来，价格在过去 7 天里首次跌破 60,000 美元，50 天移动平均线（橙色）位于上方。尽管RSI指标已经开始上升，但仍低于50，这意味着趋势也没有改变。如果您能突破 73,794 美元的阻力位，您对形势的评估将会发生转变。然而，除非突破 59,600 美元的支撑位，否则销售将持续存在。

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.

与上周相比，恐惧和贪婪指数下降了十三点。现在，它的价值是 66。这表明贪婪很普遍，尽管还没有达到极端程度。

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.

以太坊上周电波跌幅略低于8%。随着跌至3000美元，全球排名第二的加密货币市值下跌。与为期一周的悲观情绪一致，有五个交易日以亏损告终。该信息来自tradingview.com。

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（鲸鱼）的行为是过去一周负面动态的主要原因。他们的大部分 ETH 都被卖掉了。据 Spot On Chain 平台分析师称，其中一位继续参与以太坊 ICO 的鲸鱼以 600 万 USDC 的价格出售了 2,000 个代币。

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.

现在有两万人作为以太坊网络上的验证者活跃。上次发生这种情况是在 2023 年 9 月。指标值从 2024 年 3 月开始上升。重新质押的概念揭示了这个问题；它使人们能够同时在多个协议上抵押加密货币，而不仅仅是以太坊。

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.

以太坊现货 ETF 的概念得到了完善。与美国相比，香港当局采取了更为激进的立场，美国民众对五月份的决定仍持一定程度的怀疑。博时资管、华夏基金和嘉实环球的三款产品上周获得香港证券交易委员会（证监会）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.

从技术分析的角度来看，显然以太坊的修正正在进行中。价格跌破3059美元，这是之前的支撑位，也是2024年3月以来的低点。价格明显低于50日移动平均线（以橙色显示），相对强弱指数（RSI）低于50并持续下跌，表明根据指标空头比多头占据上风。如果价格成功突破 3,280.4 美元的阻力位，则可能预示着趋势的变化。在上周低点 2,845 美元处，我们有支撑。

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.

加密货币狗狗币 在截至 4 月 19 日的一周内，市值最高的 memcoin 狗狗币下跌了近 13%。奇怪的是，整个负面影响发生在同一天——4 月 13 日星期六，当天下降了 12.46%。不同日期的变化只能相互抵消。此信息来自tradingview.com。

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.

互联网使用量的下降解释了负面动态。根据分析平台 Santiment 的数据，每日活跃地址数量降至 42,000 以下。自2023年10月以来，这种情况从未发生过。

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 年初以来，狗狗币的表现优于比特币，使其成为市值排名前 50 名的罕见山寨币之一。 1 月至 4 月期间，DOGE 代币的汇率上涨了 69%，而 BTC 的汇率仅上涨了 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.

即使进行了修正，狗狗币仍然有很多优点。生产采矿设备的中国公司比特大陆的一份声明就是其中之一。兼容莱特币、贝尔斯和狗狗币的新型蚂蚁矿机 L9 将于 5 月发布。

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.

据称，埃隆·马斯克涉嫌进行了多起涉及此的大额交易。几天内记录了两笔总价值约 4500 万美元的交易，涉及 1.5 亿 DOGE 代币。马斯克在这些交易前一天发出的神秘推文引发了怀疑。

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.

就技术分析而言，狗狗币的近期趋势是积极的，但空头数量多于多头数量。 50 天和 200 天移动平均线（以橙色和蓝色显示）均低于当前价格。 0.12285 美元的水平作为支撑，而 0.16672 美元的水平作为阻力。