BTC hit the small resistance level of 72,000 yesterday and the first-line pin stepped back to the support of 68,000. At the same level, it is still looking at the support level near 68,000. If it does not fall below 68,000 today, then the top can focus on the short-term resistance of 72,000.
The current focus is around the previous high of 74,000 points, with effective support at 66,000. Although this position will not be broken, considering that the current price is too high, this position must be avoided once the pin is inserted.
ETH is currently at the support level in the 3460-3500 range, and the short-term support level is still in this range. The key point to pay attention to above remains unchanged, still at 3800. In the past two days, it has also hit the 3600-3800 range many times, forming a resistance level near 3680 on the short-term level.
You can just pay attention to this position as the current short-term resistance level. For the support position below, pay attention to the range near 3400.
Recent hot news:
Bitcoin L2 public chain Ligo is scheduled to be launched on the mainnet on March 31, 2024
Hong Kong Carnival Conference April 6th There are still 3 weeks until the carnival, which is good for CFX TON TOKEN floki ACH CKB stx
TOKEN - TokenFi Announces YakDAO Launchpad on March 28
ZEC - Zcash will launch on the App Store on March 28 Zashi iOS
LINA - Multi-collateral feature for Linear Finance coming soon
PORTAL - Cross-chain gaming platform Portal will open for staking and will soon announce its first Launchpad partner
Aptos expected to make big RWA announcement in April
Five new games from SUI are coming soon
USDC cross-chain transfer protocol Circle will be launched on Solana mainnet on March 26
The Floki team has landed in Hong Kong and is preparing to showcase Valhalla at the WOW Summit on March 26-27
Gala Games: Updates to the GALA ecological blueprint and MUSIC white paper are expected to be released this week
BNB Chain cooperates with Binance Academy to launch a developer education program. Open Campus native token EDU integrates the cross-chain bridge Stargate, which can cross-chain to Ethereum, benefiting EDU HOOK
The ETF experienced capital outflows throughout the week, and finally switched to inflow status in the past two days. Grayscale GBTC continued to sell like crazy, with outflows reaching US$350 million. Since the adoption of spot ETFs, Grayscale has seen a steady number of hits. It is not an exaggeration to say that it is the biggest enemy of the current market.
Fortunately, Fidelity FBTC performed relatively well, with a single-day inflow of 260 million, which offset more than half of Grayscale's selling pressure. Other BlackRock performed mediocrely, with an inflow of 35 million, and $BITB $BICO $EZBC $BRR $hodl respectively inflowed. 14 million, 18.5 million, 20.5 million, 11.2 million and 4 million.
All these combined brought the total net inflow of Bitcoin spot ETF to US$15.4 million. Although the inflow was not much, it finally stopped the previous five consecutive days of capital outflows. The market's reaction was also quite impressive, with the market breaking through to 7w1.
It seems to remind investors that as long as the ETF has incremental funds, pulling the trigger is a piece of cake. Of course, this also confirms what I said in the article before. The emergence of spot ETFs has completely transferred the pricing power of cryptocurrency to the OTC and Wall Street. Looking at this situation, as long as the inflow of ETF funds can be maintained this week, the probability of new highs in the later period of the market will be It's quite big.
Pay attention to altcoins that have opportunities before the Bitcoin halving in April 2024!
FLOKI: With a strong community and dedicated team, Floki has the potential to break $0.005.
BNB: Earn new cryptocurrency for free with programs like Launchpools, BNB can reach 3,729.00.
REEF: Reef Finance provides a user-friendly DeFi experience that integrates the advantages of multiple DeFi networks and has the potential to reach $0.122.
ARKM: Arkham Intelligence uses AI to process on-chain data, and its token ARKM is used for data transactions on IntelExchange, with a target price of 84.46.
SEI: Focusing on Layer-1 blockchain transactions, SEI optimizes every layer of the stack with a target price of 43.59.
ALT: Altlayer is an open and decentralized rollup protocol that ensures security and interoperability, with a target price of 39.78.
PIXEL: Explore the exciting Web3 game Pixel on the Ronin network, offering NFT minting and guild participation with the potential to reach 118.95.
AEVO: A decentralized derivatives exchange focused on options and perpetual contracts, Aevo has a price target of 245.89.
PORTAL: As a self-hosted Layer−2 wallet and exchange, Portal facilitates fast, secure, and private atomic swaps between Bitcoin and other digital assets, with a price target of 298.49.
CYBER: CyberConnect is a Web3 social network that enables developers to create social applications. Its token CYBER is used for governance and payments and has the potential to reach 3,714.67.
These potential prices are based on successful projects and market capitalization comparisons. Stay tuned and make strategic investment decisions to embrace this exciting time!
Summary: How to make money in the bull market?
Just buy the next sector leader that rebounds very well in sector rotation. If you want to double your money and find potential coins, you really need to understand all aspects of the white paper, projects, and participating institutions. If you want to make a steady profit, just take the next emerging sector leader, such as sui or apt. Fans have a position and ask me if they can secure it, then take it first.
What is taboo in the bull market spot is to be influenced by market sentiment and be too panicked. Do you always hope that your coins will double the next day? But is just doubling the goal of the bull market? Can you be satisfied?
Funding lies in accumulation. In bull market spot, just don’t invest in any weak currency that has no ecological chain. In the end, the rest is just a matter of whether the price rises more or less. Don't say that you missed out on a hundred times the coins because you were trapped. This kind of thinking is typical of losing bananas and picking up corns. The current bull market is turbulent and there are opportunities every day!
