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Cango’s (NYSE: CANG) cash deal includes an initial payment of $210.64 million upon closing, with the remaining $141.3 million contingent on Cango fulfilling tax obligations and reducing credit risk exposure linked to sold entities. The transaction, approved by Cango’s board and a special committee, responds to a March 14 proposal from Enduring Wealth Capital Limited (EWCL) to acquire control of the company and divest its PRC business. Closing conditions require shareholder approval and completion of an internal restructuring to separate Cango’s China operations—including automotive trading—from its international bitcoin mining and automotive businesses. If finalized, Cango will petition the China Securities Regulatory Commission (CSRC) to terminate its “China Concept Stock” status, subject to a reversal clause if the status remains unchanged within three months or if EWCL’s proposed secondary acquisition of 10 million Class B shares from co-founders fails. On paper, Cango’s financial health remains strong, with a $415 million market cap, a current ratio of 1.88, and gross profit margins of 55%. Its stock has surged 195% over the past year, trading at a P/E ratio of 11.89. The company also renegotiated terms with Golden Techgen Limited for its bitcoin mining machine acquisition, initially settled via share issuance, to avoid defaults post-divestiture. Recent developments include a 12% monthly increase in bitcoin production to 530.1 coins in March 2025, a deadline extension for closing its mining assets acquisition, and inclusion in the Bitwise Bitcoin Standard Corporations ETF. A $30 million share buyback program further shows efforts to boost shareholder value. The deal highlights Cango’s strategic pivot from its legacy automotive operations to capitalize on cryptocurrency demand. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Across the daily chart, bitcoin’s trajectory reflected a recent peak near $94,000 followed by a notable retracement to approximately $81,000, suggesting a corrective phase in play. The subsequent recovery toward $84,000 indicated that buyers were still active near the lower boundary, particularly within the $81,000 to $82,000 support zone. However, the volume spike on the red candle underscored aggressive selling pressure, warning that a failure to maintain current levels could invite a deeper pullback. Resistance remains firm between $88,000 and $90,000, and traders should be vigilant if price action stalls or reverses near these levels. BTC/USD 1D chart on April 3, 2025. From the 4-hour chart perspective, bitcoin showed a clear rejection at $88,500 marked by a sharp wick and subsequent sell-off. The current price structure resides between $83,000 and $85,000, forming a tight consolidation band. Of note, a flash crash to $81,100 revealed strong buying interest, possibly tied to liquidity grabs or stop-hunting behavior by larger entities. Scalping opportunities exist, particularly on long setups near $82,000 to $83,000, provided confirmation from volume metrics, while resistance near $85,000 to $86,000 presents a potential short entry zone if upward momentum fails to sustain. BTC/USD 4H chart on April 3, 2025. The 1-hour chart illustrates a pronounced stair-step decline following rejection at $88,500, with notable institutional-sized red volume confirming bearish sentiment. The price has attempted minor recoveries but continues to struggle around the $84,000 level, now forming a horizontal consolidation around $83,000. Short-term traders could look for a bullish signal—such as a double bottom or bullish engulfing candle—within the $82,500 to $83,000 zone. Any recovery would likely encounter overhead pressure near $84,500 to $85,000, aligning with short-term resistance and previous breakdown zones. BTC/USD 1H chart on April 3, 2025. In terms of technical indicators, oscillators presented a mixed-to-neutral sentiment. The relative strength index (RSI) at 45, Stochastic at 31, commodity channel index (CCI) at −75, average directional index (ADX) at 20, and awesome oscillator all read as neutral. The momentum oscillator registered a negative −4,420, reflecting a sell bias. Interestingly, the moving average convergence divergence (MACD) level was the lone buy indicator, printing −1,071, suggesting some underlying divergence or a pending reversal in momentum. Moving averages, however, were universally bearish across all major timeframes. Both the exponential moving averages (EMA) and simple moving averages (SMA) for 10, 20, 30, 50, 100, and 200 periods all signaled a sell. With the 10-period EMA at $83,889 and SMA at $84,417—each above the current price—the trend remains under pressure. The long-term averages, such as the 200-period EMA at $85,402 and SMA at $86,410, further reinforce the prevailing downtrend, indicating sustained selling pressure and making any bullish breakout attempts difficult without a shift in volume and structure. For bulls, the key lies in defending the $81,000 to $83,000 support zone, which has historically attracted buyers across multiple timeframes. A confirmed reversal pattern such as a double bottom or bullish engulfing candle—paired with a bullish crossover in the moving average convergence divergence (MACD)—could trigger a short-term rally toward $85,000 and potentially retest the $88,000 to $90,000 resistance range. A breakout above that would signal renewed upside momentum. Bears retain control as long as bitcoin remains below the cluster of moving averages, all signaling a sell bias from short- to long-term trends. A decisive breakdown below the $81,000 support could invalidate bullish setups and open the path toward lower liquidity zones in the $78,000 to $76,000 range. Heavy red volume and repeated rejections near $84,000 to $85,000 suggest that sellers are still dominating short-term momentum. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Nonco, an institutional digital asset trading firm, has launched its foreign exchange (FX) onchain initiative on the Avalanche network, aiming to bridge institutional FX liquidity with the stablecoin market. The FX Onchain protocol, built on Avalanche’s C-Chain, automates conversions between local currencies and USD-backed stablecoins, such as USDC and USDT, facilitating faster and more cost-effective global payments and cross-border transactions. By enhancing stablecoin liquidity onchain, Nonco seeks to create a more efficient FX market for institutions. The initiative addresses existing challenges in the FX space, including limited local exchange liquidity and high conversion costs, by connecting institutional FX liquidity providers with the Avalanche-based protocol. With backing from Vaneck and a commitment to redefining institutional FX liquidity, Nonco’s protocol is set to debut with trading pairs like USDMXN and expand to include USDBRL and EURUSD. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

While recent price movements have not been entirely kind for bitcoin, even when institutions and countries are now considering it as a reserve asset, Fidelity analysts state it might still be in one of its acceleration phases. Zack Wainwright, Digital Asset Research Analyst at Fidelity, describes this phase as “a time of excitement,” as investors are focused closely on bitcoin’s daily movements. This period also presents high volatility and profit, as investors push the price to its cycle peak. Wainwright explains that the post-election rally that took bitcoin to an all-new high with prices rising by 56%, is reminiscent of other acceleration phases in the past, including the price breakouts that happened in 2013 and 2017. He suggested that the end of this phase might be close, likely occurring in the coming months, accompanied by a final rally that can take bitcoin to price discovery territory, as it has done several times. Examining price data, Wainwright stated: The Acceleration Phases of 2010–11, 2013, and 2017 reached their tops on day 244, 261, and 280, respectively suggesting a slightly more drawn-out phase each cycle. While past behavior doesn’t necessarily mean that this time it will also happen in the same way, he stated that if a second rally during the current phase does start, it will have its base near $110,000. Nonetheless, he explained before that global events, such as the COVID-19 pandemic, can alter market behavior. “A market shifting event could end the Acceleration Phase prematurely or extend it further than anticipated, although this cycle has been uninterrupted so far,” Wainwright noted. It remains to be seen if the surge of a global tariff regime enacted by the Trump administration will affect the outcome of this phase. Read more: Crypto Carnage: $509M Wiped Out Post-Trump Tariff Bombshell as BTC, ETH, SOL Spiral 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

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