$BTC was able to temporarily pull out after last night’s $58,000 sweep, but as for altcoin pulls, I’m seeing pretty strong volume!
I don’t know where $BTC will bottom, but after observing the RSI in the D-frame, I still bet that $BTC will still move in the 10k range and the price will be around 60-70k.
The RSI is also quite bullish, as the previous times it dipped into this area, the price reacted by rising again:
- First time approaching the bottom of the 16k cycle
- The second time was fud $USDC and Bank rug at the bottom of 19k
- The third time was around the 25k bottom
- The current time fluctuates around 58-60k
I don’t know about you guys, but I continue to bet on the rise, not because I insist, but part of the reason is that I am concerned about the cyclical nature of the market.
Later, the general trend was still correct, but the operation and price of each cycle were obviously different. This year, I see that $BTC will no longer fall sharply, but it will still kick a large number of retail investors out of the game.
I won't say anything to newbies, but if you've been through a bull run before, just sit tight and stay in line.
Gate bets $ETH will increase and the trending altcoin will recover 30-60% range from yesterday's bottom.
$ETH
The price is currently in a new range, with $3460 being the key level or previous range low
Keep below the markable $3150.
We need to watch the next 12 hours to see if this trend continues upwards to confirm if $3460 is significant
When the market returns to the bull track, these commodities may lead the copycat wave!
For convenience, you add to the watch list:
Many of you see Fud often but criticize, but basically the FDV project is just a meme and $WLD is not much in retail hands. The project is led by Sam Altman and his powerful MM has driven 2 waves with ROI >x5.
The upcoming unlocks, all I see are unlocks for projects, are largely about driving more supply.
OK
The bullish story revolves around traditional funds injecting capital via ETF leader RWA, backer Blackrock DCG, top 1 portfolio MM Pantera over $600M ONDO.
A project led by a big guy is like the Metaverse trend this season, and FB is participating in a very strong and hot trend. Tokenized US Treasury bonds have increased more than 2 times from 7.19M to 144B, and there will be very strong cash flows into the RWA niche in the future.
Lead Modular has a 3 MM Poly + Binance + Jump package centered around x10 ROI, fundraising, and very good valuations. The project is set to grow strongly ahead of the upcoming ETH Pectra update.
According to the vision of ETH 2.0, the Ethereum blockchain, which is leading in the monolithic blockchain, is gradually converting to a modular blockchain.
Top trend LSDfi, DeFi yield-trading protocol. Stake vePendle mechanism, also deploys RWA. Invested by many top funds and raised funds directly from Binance. The project's Tokenomic has almost resonated quite a bit with the LSDfi trend, which has benefited from the ETH update and is the most prominent project on HST $ARB, which also has a TVL above 6.2B (more than 30 times more than in November).
Revenue is about 30m/yr, while the announced capital raising level is only about 17m (the project's internal strength is too strong). The supply on the floor is also gradually decreasing, while the perpetual emission model brings the project's inflation level to 2% => It's worth investing in a project with such a model. Beautiful charts + strong MM + internal project = strong price increase!
$ENA：
$ETH will perform much better than $BTC this quarter.
Finding $ETH beta games is my main goal
Plays like $PENDLE are obvious and I still stick with them.
But today, I added another general—— $ENA
It seemed to have hit bottom, so I started accumulating.
The token economics were recently revamped, Ethena is about to launch its own chain, and the TVL continues to climb, so it's a very good choice for me.
