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Analysis of BTC market on March 29, 2024

The market here still maintains a high-level shock pattern. There is a high probability that it will challenge the previous high again after consolidation. At that time, it is necessary to judge whether to reduce short-term positions based on the strength and trend structure. At 16:00 this afternoon, the largest quarterly delivery in history will be ushered in. The total delivery amount of BTC and ETH options will exceed 15 billion US dollars. It will be seen whether the market will be pulled up to the previous high with the help of the big cake. You can place orders in advance to strongly support individual coins to receive the luck needle. It is recommended to avoid contracts without cost advantages. There is no need to worry about the low-level chips in the spot. In addition, pay attention to Powell’s speech at 11:30 tomorrow night. Whether the interest rate cut will bring about the market needle market, you can still place orders in advance to receive the luck order.

ALT recommends that everyone get on the train at the starting point. It rose again this morning. The market performance is very strong. ETH will be pledged again in April, which is good for ethfi/alt/pendle. Continue to hold and be optimistic. In terms of news, AI and RWA (institutional funds entering the market) are expected to continue to be hyped. Ethereum second layer and re-staking in April and May. In addition, STRK, which entered the market at the lowest point of 1.75 in the internal group, continues to hold, and Longyi in the L2 track. The future is optimistic.

The big-level trend of the big cake is still not over. It is only a matter of time to break 100,000, but there will definitely be a wash-out callback in this process. It is very important to divide the short-term and medium-term chips in the bull market. I hope everyone 4#WIF #sui #SHIB #APT #Fet