With today's rebound, we once again see the strength of the sector. As mentioned earlier, L2 is due to the imminent Cancun upgrade. The AI ​​track is still strong. Fet Agix Tao has hit a new high after this rebound, and the trend of other projects in the track is also far beyond the market; Wif more than doubled after listing on Binance yesterday. This wave is also not afraid of the callback of the big cake, and it has taken the lead again. Meme Bonk, which is also in the Solana ecosystem, has also risen. The increase of these two projects in the past seven days has exceeded 200%. It is no exaggeration to say that the entire meme sector is still the main battlefield for retail capital games. The strength of ETH not only brought L2 to the sky, but also the public chain and DEFI sectors were also affected. Sol Aptos FTM Uni Ray Sushi Dydx also had a strong trend. Influenced by the news of Do Kwon's victory in the extradition case, several tokens of the Terra series, LUNA Lunc USTC, took off, among which Lunc's increase from low to high was nearly doubled.

Market Analysis

BTC: In the bull market cycle, every decline is the best buying opportunity, but the more bullish the market, the less money people have. Why? The reason is very simple. Everyone is reluctant to take profits and thinks that it will continue to rise, so everyone has chips in their hands and no cash. In fact, this operation is completely fine if it is a long-term position. If it is a short-term position, I think it is very problematic. If a certain coin rises several times or even 10 times in a short period of time, why don’t you sell it? At this time, you must sell it. Even if you are reluctant, at least you must withdraw the principal and continue to participate in the next one.

After a decline, it is best to buy the leaders in hot tracks, and then use small positions to play some ecological projects in various chains. Even if you step on a landmine, it doesn’t matter, because you have small funds. Don’t go all in on projects that have not been verified by the market. You have seen many people who have become rich by going all in, but you haven’t seen many people who have lost their fortunes by going all in. If it returns to zero, it is really zero, and you will never get up again.

The Bitcoin bull market has arrived ahead of schedule. Pandora's box has been opened. It will continue to adjust and then continue to soar. My operation strategy is not based on point buying and selling, but on cycles. Bitcoin has entered a short-term adjustment period. The 4-hour level of 61,500 is a strong support, and 69,000 is a strong resistance. However, if it stands on it again, it will become a strong support.

ETH: ETH rebounded strongly during the day, and the exchange rate against BTC has risen to 0.057. The price has also successfully broken through 3800. I expect the ETH price to exceed 4000 before the Cancun upgrade. Last night and the night before, the SEC postponed the spot ETF applications of BlackRock and Fidelity respectively. However, this is also in line with expectations. After all, it is generally believed that May is the outbreak day of ETF. The most important thing right now is definitely the Cancun upgrade on March 13. We see that L2 defi public chain lsd and other tracks are taking off. I expect the subsequent hype will only be stronger. I am optimistic that ETH’s exchange rate against Bitcoin will reach 0.06 in the next few days.

Recommended currency RNDR

Two weeks later, rndr will speak at the NVIDIA conference as a token representative. (The NVIDIA of the currency circle went to NVIDIA to speak, imagination is full) At the same time, I recommend the entire AI sector. I have previously recommended iq, ai, gpt, and rss3. You can hold on to them~ The latter two are more than doubled from the recommended ones, so you can consider the former two

Several major events in March:

1. ETF application of 3.5 ETH (ETH)

2. 3.11 BTFP ends (large market)

3.3.12 CPI data

4. 3.13 ETH Cancun (ARB OP LDO SSV METIS)

5. March 15 FTX Creditors Meeting (FTT)

6. March 18 NVDA Artificial Intelligence Conference (wld, mdt, ai)

7. March 20 U.S. Federal Reserve interest rate decision

8. 3.22 XRP Opening Statement (xrp)

9. March 25 SEC litigation against DK (LUNC, USTC, luna)

10. March 28 SBF verdict (SBF/FTT)

Bitcoin plunges downward, every big drop in the bull market is an opportunity to get on board

Don’t be afraid of rising in a bear market, and don’t be afraid of falling in a bull market. This is my personal long-term operation point of view, which means that if a certain cryptocurrency suddenly rises in a bear market, in most cases I will choose to sell it. At this time, I am not particularly worried that it will continue to rise, because the bear market will fall sooner or later. If it plummets in a bull market, then I will not be afraid of further falling if I buy at the bottom, because it will rise again.

There are a lot of long positions in Bitcoin in the bull market. At this time, the main force will come to a round of downward pins to eat up the longs. For us spot traders, this is a wise time to enter the market or get on board.

The continued stability of Bitcoin still proves that the power of Bitcoin spot ETF is still effective and that the Federal Reserve’s easing expectations are effective.

Spot Bitcoin ETF received approximately $662.5 million in inflows, setting a new single-day net inflow record

Fed Chairman Powell: It may be appropriate to cut interest rates at some point this year

Ethereum is about to upgrade to Cancun, and there are many airdrop projects, so the transaction fees are burned very quickly. You can pay attention to the following.

For altcoins, you can still pay attention to Astr and Metis. Coins that did not rise in the bull market are worth paying attention to. OP was falling after unlocking, and CRV was weak. They all rose after investing.

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.