[Major Events in April]
April 4th, BCH halving
April 10th, US CPI data for March
April 20th, BTC halving
April 30th, Sentencing hearing for Zhao Changpeng, founder and former CEO of Binance
[Morning News]
- The FTX bankruptcy committee plans to start distributing the first funds to creditors by the end of 2024;
- The founder of Ordinals released the Genesis Rune and will continue to mint for about four years after the halving;
- Since Elon Musk's acquisition, Fidelity's holdings in X company have decreased in value by 73%;
- This morning, a Tether address once again added 8888 bitcoins, equivalent to approximately $630 million.
[Market Analysis]
**The market showed a slight upward trend yesterday, but has not yet formed an effective breakthrough. Everyone should still pay attention to the direction of the market this week. As the US stock market is closed today, it is still [volatile] operation.
BTC pressure levels to watch: 71300, 71800, 72300
BTC support levels to watch: 70200, 69600, 69000
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