The current weekly chart of Bitcoin shows an obvious bearish trend. All our recent short orders have been sold out with profits! It is still good for short-term operations!
CPI will be released on Wednesday. According to the current market analysis, the market is falling today, and tomorrow the market will go sideways and continue to go down! The high-level locked-in market will be firmly locked! Everyone must set a stop loss when operating!
The trend after the decline here, this week's weekly line down basically means the end of the bull market, and the small currency will usher in a historic wash! Washing out the locked-in disk here will usher in a long period of sideways trading!
The above analysis is all based on personal expectations and judgments! The contract is effective! The spot position is 15,000! Only by managing our positions and making good trading plans can we win over 90% of the leeks in the market!
BTC：
Bitcoin fell below 28,000 and is still bearish. The daily line formed an M top. According to the principle of holding the line, the first support below 26,500 and 25,000 is expected to rebound. Please be patient in this process.
ETH：
Linked with Bitcoin, there is a concentrated chip area at 1933 above, so it is fine to rise for the time being. The support level below has been retraced many times at 1790 times. If it falls next time, it will most likely fall below that. Be patient and wait for a change in the market.
LTC：
The halving narrative cannot meet the market demand, and the market has fallen sharply again. 40-55 below is a good space for buying. It is recommended to observe before that.
ARB：
It fell below expectations and reached a new low. Generally, when a new low appears, there will be a decent rebound with a high probability. This is a good position to buy the dip. Be patient and wait for the market to stabilize; there will be a good rebound.
The most noteworthy altcoins in 2023
Polkadot
Polkadot is a relatively new cryptocurrency that aims to enable interoperability between different blockchain networks. Its founder, Gavin Wood, is one of the co-founders of Ethereum. The main goal of Polkadot is to make it easier for developers to build decentralized applications (dApps) that can be used across multiple blockchains.
Polkadot uses a unique consensus algorithm called Proof of Stake (PoS), which is designed to be more energy-efficient than the PoW algorithm used by Bitcoin and Ethereum. With PoS, validators are selected to verify transactions based on the amount of cryptocurrency they hold in their wallets, rather than the computing power they contribute to the network. This makes Polkadot more environmentally friendly than other blockchain networks.
Chain link
Chainlink is a decentralized oracle network designed to connect smart contracts with real-world data. Smart contracts are self-executing contracts that can be programmed to execute automatically when certain conditions are met. However, they are currently limited to data available on the blockchain network on which they are deployed. Chainlink's network provides a secure and reliable way to bring external data into smart contracts, making them more versatile and powerful.
Chainlink uses a unique consensus algorithm called Proof of Reserve (PoR), which is designed to ensure that the network has sufficient collateral to back up the data feeds it provides. This makes Chainlink more secure and reliable than other oracle networks, which is crucial for smart contracts involving large amounts of funds.
THERE IS
Cardano is a blockchain platform that aims to provide a more secure and sustainable ecosystem for decentralized applications. Its founder, Charles Hoskinson, is also the co-founder of Ethereum. Cardano uses a unique consensus algorithm called Ouroboros, which is designed to be more energy-efficient than the PoW algorithm used by Bitcoin and Ethereum.
Cardano is also designed to be more scalable and interoperable than other blockchain networks. It uses a layered architecture that allows for the separation of computation and storage, making it easier to scale the network. It also supports multiple programming languages, making it easier for developers to build and deploy decentralized applications.
AGIX
SingularityNET is a decentralized platform that supports the development and deployment of AI-driven applications. The project creates a decentralized marketplace for AI services through blockchain technology, providing developers with access to a wide range of AI algorithms and tools. AGIX serves as the platform’s utility and governance token
AVAX
Avalanche is a decentralized blockchain platform launched in September 2020. It was created by a group of computer scientists and entrepreneurs who sought to solve some of the key challenges facing existing blockchain networks, such as scalability, transaction speed, and interoperability. Avalanche's goal is to provide a more efficient, secure, and scalable platform for decentralized applications (dApps) and other use cases that rely on blockchain technology.
Avalanche also offers many other features and services that make it an attractive platform for both developers and users. For example, the platform supports the creation of custom assets and tokens, and provides a robust set of APIs and developer tools to help facilitate the creation and deployment of dApps. In addition, Avalanche has a growing network of validators and stakers who help secure the network and earn rewards.
Avalanche has quickly become one of the most promising blockchain networks in the cryptocurrency space in terms of market performance. As of May 2023, AVAX ranks among the top 20 cryptocurrencies by market cap, with a market cap of over $30 billion. The price of AVAX has been highly volatile since launch, but has generally trended upward over time. However, like any cryptocurrency, the price of AVAX is subject to significant fluctuations and is highly dependent on market conditions and investor sentiment.
ARB
Arbitrum is a blockchain-based platform that aims to provide a faster and more scalable solution for executing smart contracts. It is built on Ethereum, a popular blockchain platform for decentralized applications (dApps) and smart contracts. The team behind Arbitrum has developed a technology called Optimistic Rollup, a layer 2 scaling solution that can help improve the performance of Ethereum-based dApps.
SMEs
Immutable X project has a market cap of $800M with 46% of tokens outstanding, so it may fare better on the Tokenomics side. However, we still have a diluted valuation of $1.8B, so that’s a lot.
Our token price is $0.88, but you can see on the doodle that we are at the shallow end, and now I will introduce you to the areas that interest me at Immutable X.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.