Let's review today's market
1: BTC's market share has begun to decline, indicating that some liquidity is starting to flow into altcoins, and Bitcoin is showing weakness. It broke below 95700 yesterday, marking its first correction. As long as it doesn't stabilize at this position, the short-term trend is bearish, with support at 92800 and 90900.
2: ETH's trend is very strong, quickly rebounding with Bitcoin's fluctuations. Bull markets often see sharp declines, but the V-shaped recovery happens quickly. In the short term, prioritize allocating to Ethereum-related coins, with strong support at 3365, 3334, and defense at 3300.
3: Last year in the Maldives
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the two sponsors were Sei and Sui, both of which have performed well in this round. Pay attention to the projects sponsored by the Japan training camp: EDU, APT, YGG, and IOTA.
4: Top trader Eugene: has taken profits on long positions and advises caution. Leveraged long positions can consider taking profits in batches.
5: FLOKI: The Valhalla mainnet launch has been postponed to the first quarter of 2025. March is the altcoin season, and many project parties are taking advantage of this time to hype good news.
6: Wintermute's market-making in Memecoins shows that 64% of the tokens in the TOP25 holdings have been listed on Binance, with NEIRO's holding ratio surging to 13.57%, becoming the token with the highest holding percentage. Looking at the medium to long-term, it should perform well.
7: DeSci in 2024 is like DeFi in 2019. Pay more attention to this sector
