Recently, DOGS has been driven by the strong performance of Bitcoin, with simultaneous increases in both price and volume, and has firmly broken through the key resistance at 0.00003000 USDT. In the short term, it may challenge 0.00004000 USDT. However, as profit-taking at higher levels emerges and Bitcoin fails to hold above the 75,000 USD mark, the risk of a pullback increases significantly. Investors are advised to take partial profits at high levels, monitor the support around 0.00003000 USDT during potential pullbacks, actively manage risks, and stay alert to volatility caused by sentiment retracement.

Recently, Bitcoin surged to a four-week high, nearing the key 75,000 USD level, which has led to an increase in volatility expectations in the derivatives market. As an altcoin highly correlated with Bitcoin, DOGS has been active during this rally. After Bitcoin's price rose above 74,000 USD on April 14, market risk appetite recovered, and bullish sentiment spilled over into altcoins, pushing up both trading volumes and prices.

On the daily chart, DOGS has repeatedly consolidated near the 0.00003000 USDT level. After several tests, on April 16, it posted a strong bullish candlestick reaching as high as 0.00003857 USDT, accompanied by a trading volume surge to 2.428 billion, a significant increase compared to the previous period, confirming that the bulls have taken control. The current short-term support has shifted down to 0.00003000 USDT. If the bulls maintain momentum, there is potential for DOGS to challenge the critical 0.00004000 USDT barrier.

Although short-term prices have risen sharply, Bitcoin has not yet stabilized above the 75,000 USD key level, which means the market may face greater volatility before falling into a negative gamma zone. DOGS still has short-term upward momentum, but active trading at higher levels also implies pressure from profit-taking. If Bitcoin experiences a technical pullback, the altcoin sector may come under pressure simultaneously. It is recommended to take profits in batches near previous resistance zones and pay attention to potential support areas during pullbacks.

Doggensnout Skeptic

Important news from last night and this morning (April 16 - April 17).

Bank of Japan Governor: We need to simultaneously address rising energy prices and economic downturn risks; policy-making is very difficult at this stage.

ECB policymakers play down April rate hike chances

Declining energy prices have moved the euro-zone economy back toward the European Central Bank’s base case and may mean interest-rate increases aren’t needed, according to Governing Council member Primoz Dolenc.

Fed’s John Williams Signals Support for Holding Rates Steady Ahead of FOMC Meeting

Federal Reserve Governor Milian: Currently, it seems that there may only be three rate cuts remaining for the rest of the year.

Milan: Prefers to cut interest rates 3 times this year, but possibly 4 times.

Latin America: Diverging central bank paths – BNP Paribas

Fed's Williams: If inflation reaches target level, rate cuts are still expected

Federal Reserve's Williams: Now is not the time to provide forward guidance on interest rates.

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Doggensnout Skeptic Price: DOGS Live Price Today | DOGS Market Cap & Chart Analysis | Bybit-eu

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DOGS price today is 0.00, with a live price change of 0.76 in the last 24 hours. Convert, buy, sell and trade DOGS on Bybit-eu.

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