What are the stages of bull turning into bear:
The first stage: the latent period, the early stage of the rise. The top investors enter.
The second stage: the awareness period, slow rise. The entry of middle and upper-class investors.
The third stage: following period, accelerating the rise. Mid-level investors enter. Funds enter the market, and strategic funds share the same frequency.
The fourth stage: fanatic period, rapid rise. Retail investors enter. Emotions share the same frequency. The final stage of the bull market.
The four stages are summarized as slow, accelerated, and extremely fast. The market develops from a slow recovery in the early stage to a frantic rush in the later stage. After the frenzy period, there is a peak, followed by a decline.
The fifth stage: the period of disillusionment, the beginning of the decline and the beginning of the psychological struggle.
Stage 6: Destruction, falling to the bottom. Panic selling.
The seventh stage: light period, sideways trading, range oscillation.
Stage Eight: The combination of Stages One and Seven. Entering the next bull-bear cycle.
This stage coincides with the early stage of the bull market and is the best stage for accumulation of funds. Far-sighted and rational investors will buy low-priced, high-quality currencies at this time and hold on to them for a rise in price.
The emotional changes during the bull-bear transition: wait-and-see, timidity, excitement, fantasy, doubt, panic, disappointment, despair, disappointment, and indifference.
The bull market comes in despair, starts in doubt, soars in hesitation, and ends in frenzy!
The cycle is born in fear, grows in half-belief and doubt, is completed in longing, and is destroyed in cheers!
Let’s analyze the bull market project Ethena and its USDe stablecoin that have been bet by institutions recently.
Ethena is an innovative decentralized financial protocol launched by EthenaLabs. Its stablecoin USDe adopts a unique "Delta Neutral" position management strategy to achieve its dollar-pegged price stability and income source.
1. Use stETH (Lido's Staked Ether) as the main collateral asset. Users need to deposit ETH into Lido first, obtain the corresponding stETH, and then deposit stETH into the Ethena protocol mining pool. Holding stETH itself can obtain an annualized rate of return of about 3%.
2. The protocol uses the stETH in pooled as a margin to open an equivalent ETH perpetual contract short position on centralized exchanges (such as Bybit, Binance, etc.). This is to hedge stETH’s delta risk.
3. Holding a short position in the perpetual contract can profit from the income from the funding rate. If the funding rate is positive, short selling can earn more profits.
4. Since stETH's spot long position and ETH's perpetual contract short position are hedged against each other, a "Delta-neutral" basis trading strategy is formed.
5. Combining the spot stETH income with the perpetual contract short income currently provides USDe with an annualized yield of approximately 27%.
6. The USDe held by users is actually a "collateralized USDe" (sUSDe), which is a derivative token generated with stETH as collateral.
In addition to USDe, EthenaLabs also plans to launch an "Internet Bond" product as a savings tool based on ETH mortgages, generating income, and denominated in US dollars, creating a synergistic effect with USDe.
Spot password recommendation:
HIM
1. Buying point: buy in batches from 9.5 to 11.
2. Short-term target is around 13.5 (about 35% increase), medium- and long-term target is around 19.6 (about 96% increase)
3. Structural damage plan retreat point 8.6, look for opportunities to buy again.
4. Meet the recommended conditions: technical form, whale base, selling pressure, news, etc.
THETA
1. Buying point: buy in batches at 2.2-2.45.
2. Short-term target is around 3.15 (about 37% increase), medium- and long-term target is around 4.2 (about 83% increase)
3. Structural damage plan retreat point 2.05, look for opportunities to buy again.
4. Meet the recommendation conditions: technical pattern, whale bottoming, selling pressure, news, etc.
OGN
The bottom form at the weekly level is from the bottom of 0.06, and the highest is only about 4 times. It is also very violent when pulling the market, and is suitable for medium and long-term holdings. From the daily level, it is also a bulldozer mode, and you can buy on dips. Waiting for the main rising wave may take a little longer, but when the main rising wave pulls the market, the absolute profit is very high. Binance current price: 0.2331. Get on the train with light positions to ensure attention. Cover up: 0.205-0.188-0.178-0.165-0.144 Take profit: above 0.53
When buying, you need to be patient and treat it as if you have held the position for at least a month.
The next relatively certain wealth code in the market is:
1: Prague is another important technological upgrade after Cancun + Ethereum ETF is expected to benefit Ethereum-related currencies: SSV, ETHFI, ENA, STRK, BICO
2: The European Cup in June, the fan currency will definitely explode in April and May, Santos Lazio Porto has been launched today, buy at low prices
3: ETC is expected to be halved on 2024-07-21, and bargain hunting can be planned in April and May.
Hot and strong tracks (where there is heat, there is hot money)
1. SOLANA track
JTO: SOL ecological low market value potential
WIF: SOL's new favorite, with unlimited potential!
RAY: SOL’s rising star, don’t miss it!
PYTH: Oracle, Benchmarking LINK
JUP: SOL ecological decentralized exchange, trading volume is not worse than uni
2. BRC20 track
ORDI: Without it, the soul of the pie ecosystem will be missing.
SATS: Potential
RATS: high consensus
3.MEME track
PEPE: The new favorite in the MEME world, it’s in the limelight!
SHIB: The legend of MEME continues to be popular!
BOME: A new force in MEME, gaining momentum!
BONK: SOL Ecosystem Meme Leader
WIF: Miracle faucet
4.AI artificial intelligence track
AGIX: A leader in the AI field with a promising future!
FET: AI dark horse with broad prospects!
WLD: New AI force, worth paying attention to!
ARKM: Ultraman investment, lower market value
5. RWA Track
ONDO: A leader in the RWA field and the first choice for investment!
POLYX: RWA’s new star should not be underestimated!
TRN: RWA’s popular project with unlimited potential!
RIO0: RWA dark horse, the future is promising!
Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions. These things often cannot be summarized in one article.
Create a high-quality circle, mainly to explain various basic industry knowledge in the currency circle, and recommend coins with market potential and altcoins! The rotation of hotspot sections, the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of other knowledge. If you are interested, you can find me on the homepage.
