I, a commoner, have been working diligently in Nanyang, seeking only to preserve my life in the chaotic market, not aspiring to be renowned among the feudal lords, but striving to be true to my heart. I am very fond of a quote by Robert T. Kiyosaki, "The love of money is the root of all evil, and poverty is the root of all evil." I believe that everyone in the coin circle is seeking profit. I hope that in the days to come, my market analysis can help everyone gain a lot in the coin circle. The sea of learning is boundless, knowledge knows no bounds. Continuously increasing one's knowledge and combining it with one's own trading habits is the only way to survive in the coin circle and achieve one's aspirations.

Next, let's analyze the market trends of BTC, ETH, and PenPad.

BTC has rebounded from 60800 to the current price of 67000. From the trend, it is considered an oversold rebound. The daily chart has already crossed above the MA30, but has not yet broken through the key level I mentioned earlier, 70800. When it breaks through this level, it may be appropriate to open some long positions, as this level is currently a key resistance for the daily chart adjustment. Looking at the four-hour chart, it is currently under pressure near the MA120 moving average of 67500. It is not advisable to chase the rise at this level. If there is no volume breakthrough above the upper Bollinger Band on the four-hour chart, it may try to test the lower band, with support near 62000. If it falls below 62000, it will undergo a daily-level correction, with a support level near 53000. Therefore, it is more appropriate to pay more attention to the key levels. Looking at the hourly chart, there is a clear retracement at the moment. It is advisable to open a short position at 67500 with a small position. Therefore, my suggestion is: for short-term players, you can try a high short position at 67500, take profit near 62000, and once it falls below 62000, it may come to the support of the MA60 moving average near 58000, which is the most likely point for a major rebound.

ETH is currently priced at 3450. From the trend, there is a significant buying interest near 3000, and this rebound is also quite rapid, leading the altcoins to achieve a counterattack. The hourly chart is currently oscillating between 3300-3500. Looking at the four-hour chart, the Bollinger Bands are contracting, and it may continue to oscillate between 3300-3500 in the later period. When ETH breaks through 3600, it will have already completed a daily reversal. Therefore, the key resistance level is 3600. When ETH falls below 3000, my suggestion is to unconditionally bottom-fish at 3750, which is the support of the daily MA120 moving average, and the rebound will be very strong. In the short term, it is still more appropriate to do high selling and low buying within the oscillation range.

PenPad is an innovative launchpad that focuses on fully utilizing the unique properties of Scroll. PenPad is committed to fair launch projects, providing cutting-edge technology and support for builders and new communities, including:

• "Human Proof" login
• Scalability through Scroll's zkEVM
• Privacy and compliance tools for real-world application integration

We have recently launched a launch event to welcome new users and reward our early supporters. In this event, you will be able to create a "Warrior Guild" with other users and increase your income. Here is a quick guide on how to stake on PenPad, which is a prerequisite for participating in the event and earning $PDD rewards.

Register an Account:

1. First, visit our official website - https://penpad.io
2. Next, click on the "Launch" tab.
3. Click "Connect" to connect to the wallet of your choice. This article uses MetaMask as an example, but it supports many other wallets, including Trust and OKX Wallet.
4. After connecting the wallet, click "Scroll" to switch to the Scroll network. If your wallet has not added the Scroll network, MetaMask will automatically add it when you click "Approve."
5. After successful connection, click "Profile" to verify your identity. You can connect your Google, Twitter, or GitHub account to verify your identity.
6. We use connecting a Google account as an example. Just click the "Verify" button and select your Google account.
7. Finally, pay the gas fee and confirm the transaction in your wallet.

Staking:

This season, we will give away 6% of the total token supply, which is 6 million USD worth of PDD tokens, with the goal of raising 401 ETH. $PDD tokens will be distributed in proportion to the effort compared to our entire user community. The more you participate, the more tokens you will receive - and the price will become more and more favorable!

$PDD will be proportionally distributed to "Warriors" based on their efforts compared to our entire user community. To earn more points and get a more favorable entry point for $PDD, you can invite friends to join your Warrior Guild or simply stake more ETH. Not only can you spend less money to get more $PDD, but by participating in the event season, you can also receive airdrops when top projects launch on Scroll!

First, click on the "Staking" tab.

Deposit at least 0.05 ETH into the Penpad launch pool. This will automatically grant you 100 points, and then you will receive an additional 20 points for each 0.05 ETH deposited, increasing your ranking on the leaderboard.

Then, enter the amount of ETH you want to stake and click "Stake."

Finally, confirm the transaction in your wallet. Now your ETH has been staked.

During the first 7 days of the staking launch, the rewards for the Warrior Guild will also be increased. Here are the details of these bonus days:

Join a Team:

You can join a team by entering a friend's invitation code. When you become a member of a team, everyone in that team will receive an increase in points.

Note: You can only be a member of one team, so choose wisely or start your own team!

PenPad Warriors who deposit more than 0.5 ETH will receive an exclusive referral code, which they can use to establish their Warrior Guild. Anyone who uses this code and deposits at least 0.05 ETH will automatically become a member of the guild, and the inviter will receive 10% of the points earned by the invitee during the event.

As the guild earns more points and power, all members will receive additional boosts in points. Whenever the total amount of ETH staked in the guild increases by 1 ETH, all warriors in the guild will have the opportunity to receive a special point boost through a random draw.

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