After hitting a low of $58,000 last night, $BTC has rebounded slightly and stabilized temporarily. As for the performance of altcoins, the trading volume is still strong, showing the activeness of the market. Although we cannot determine where the final bottom of $BTC is, judging from the RSI (Relative Strength Index) of the D frame, I still think that $BTC will fluctuate in the range of $60,000 to $70,000.

Looking at the RSI indicator, we can see that its trend is quite bullish. The price rebounded after falling into this area several times before. Therefore, the current performance of RSI also suggests that $BTC has the potential to rise again. Combining these factors, despite the short-term volatility of the market, the long-term trend of $BTC is still promising.


The first time it approaches $16k, the cycle reaches its bottom

The second time was at the $19k bottom due to FUD affecting $USDC and the bank collapse

The third time was the bottom around $25k

Currently, $BTC is fluctuating in the range of $58-60k

Despite the different views of the market, I am still optimistic about the upward trend. This is not only because of my persistence, but also based on the observation of the repeated cycles of the market. The operation mode and price of each cycle are different, but the general trend is still positive.

This year, I don't expect $BTC to fall sharply, but it will still eliminate some retail investors. I don't have any special advice for newcomers, but if you have experienced a bull market before, you might as well wait and see and stay in the queue.

I am bullish on the appreciation of $ETH and the trending altcoins are also expected to recover from yesterday's bottom, with a volatility range of 30-60%. Therefore, I continue to bet on the rise, and the repeated cyclical nature of the market is the main reason for my judgment.

$ETH

The price is currently trading in a new range with $3460 being a key level or the previous range low. If the price stays below this level, $3150 can be marked.

We need to watch closely over the next 12 hours to see if this trend continues upwards to confirm if $3,460 is indeed significant.


When the market returns to the bull track, these commodities may lead the copycat wave!
For convenience, you add to the watch list:
$WLD

Many of you often see FUD and criticism, but in reality, the FDV project is basically just a meme. $WLD is not in the hands of retail investors much. The project is led by Sam Altman, whose strong marketing has driven two waves of investment enthusiasm with a return on investment of more than 5 times.

Regarding the upcoming token unlock, I think it is mainly to increase the supply of the project, not anything else.


OK

Bullish sentiment surrounds the RWA market dominated by traditional funds through ETFs. Backers such as Blackrock, DCG, and top portfolio management company Pantera have demonstrated strong market confidence by injecting more than $600 million of capital into ONDO.

A project led by a big name like the current season of the Metaverse trend, especially with Facebook’s involvement, becomes a very strong and hot trend. The tokenization of US Treasuries has more than doubled from $719 million to $144 billion, indicating that there will be very strong cash flows into the RWA niche in the future.


$ LOVE

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 before 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.


$PENDLE：

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.