How to view the upcoming market? Hold firmly? Or reduce positions to avoid risks?
1️⃣ This morning's rebound is mainly due to President Trump's signing of an executive order early today to establish a 'National Digital Asset Reserve' (not just Bitcoin) ➕ the repeal of SAB 121. U.S. banks can now custody Bitcoin, leading to a market rebound. The current probability of a 25 basis point rate cut by the Federal Open Market Committee on March 19 is 26.3%.
2️⃣ CZ retweeted last night and basically confirmed that Bitcoin is being recognized as a strategic reserve. The market is expected to accelerate its rise, and Ethereum has strengthened this morning! Various negative news has been released in succession, and it looks like it will start to move independently! In previous years, every Spring Festival has seen a bull market! On-chain data shows that the number of addresses holding 1,000 to 10,000 ETH has increased by 330,000 in just two weeks, with a similar accumulation occurring in April 2024 when ETH rose by 66%. From a technical perspective, ETH has formed a bullish flag pattern on the daily chart, indicating a bullish trend. BTC has been sideways for over 40 days, with the 2-day moving average flattening and converging, which is a precursor to a rise. This wave of altcoin growth will be higher than in November last year; seize this once-in-four-years opportunity!
3️⃣ A certain whale spent 1.4 million USDT in the past hour to buy 15 million ANIME at an average price of 0.093. The Trump fund further purchased 3,079 ETH (10 million) and 10.61 million TRX (2.65 million) four hours ago. In the past four days, the fund has invested $181 million across six tokens: ETH, WBTC, TRX, AAVE, LINK, and ENA.
4️⃣ The results of the Japanese monetary policy meeting will be announced at 10:30 today, determining whether to raise or lower interest rates. Please pay attention to market fluctuations! It is highly likely to be a rate hike, and the news may cause market volatility, with a greater probability of falling first and then rising! For those with spare positions, it is recommended to wait until the market stabilizes before bottom-fishing!
Follow me for daily market trend analysis, reminders of positive and negative news, primary/secondary market research, and wealth code sharing, etc., let me safeguard your crypto investments!
To operate, one must understand the basic principles of moving averages
Attack Line: 5-day moving average, when it turns upward it helps to rise, when it flattens it indicates consolidation, and when it turns downward it assists in falling; short-term experts usually rely on just one 5-day line;
Operation Line: 10-day moving average, an important indicator for wave market trends, analysis is more accurate when combined with the attack line;
Lifeline: 30-day moving average, the dividing line for medium-term strength or weakness in wave trends, usually used to define the watershed when a stock begins to strengthen or weaken;
Decision Line: 60-day moving average, a guiding line that determines strategic tactics, sharper than a trend line for judging operational guidelines;
Trend Line: 120-day moving average, a medium-term trend indicator, bull-bear dividing line, usually serves as the basis for major players' market entry and exit.
To operate, one must understand the basic principles of moving averages
Attack Line: 5-day moving average, when it turns upward it helps to rise, when it flattens it indicates consolidation, and when it turns downward it assists in falling; short-term experts usually rely on just one 5-day line;
Operation Line: 10-day moving average, an important indicator for wave market trends, analysis is more accurate when combined with the attack line;
Lifeline: 30-day moving average, the dividing line for medium-term strength or weakness in wave trends, usually used to define the watershed when a stock begins to strengthen or weaken;
Decision Line: 60-day moving average, a guiding line that determines strategic tactics, sharper than a trend line for judging operational guidelines;
Trend Line: 120-day moving average, a medium-term trend indicator, bull-bear dividing line, usually serves as the basis for major players' market entry and exit.
To operate, one must understand the basic principles of moving averages
Attack Line: 5-day moving average, when it turns upward it helps to rise, when it flattens it indicates consolidation, and when it turns downward it assists in falling; short-term experts usually rely on just one 5-day line;
Operation Line: 10-day moving average, an important indicator for wave market trends, analysis is more accurate when combined with the attack line;
Lifeline: 30-day moving average, the dividing line for medium-term strength or weakness in wave trends, usually used to define the watershed when a stock begins to strengthen or weaken;
Decision Line: 60-day moving average, a guiding line that determines strategic tactics, sharper than a trend line for judging operational guidelines;
Trend Line: 120-day moving average, a medium-term trend indicator, bull-bear dividing line, usually serves as the basis for major players' market entry and exit.
#eth Let's talk about ETH. The market has been very volatile recently, and we can only trade in waves! ETH's long single band has been hit several times in the past two days! Okay, let's go back to the market. ETH is still in the main rising wave structure at the 5-minute level, building a shock center. Now it has come to a key pressure point. As long as this pressure point is not effectively broken and breaks through the purple area, we can still expect ETH to start another rising market!
If ARB breaks through the $0.794 resistance level within the descending triangle, it will surge 46%. The target is $1.045.
Breaking the resistance level could lead to a 46% price increase, making ARB's next move the focal point, as the price is currently consolidating near a key support level, it is advisable to pay attention to the critical price reactions.
Currently, ARB is trading at $0.725, with a 24-hour trading volume of $660 million, reflecting a decline of 3.51% over the past day.
ARB has also experienced a 3.24% decline over the past 7 days, with a current market capitalization of $3.05 billion and a circulating supply of 4.3 billion ARB tokens.
ARB shows bearish pressure, with prices consolidating near the $0.6756 support level, which is crucial for stability.
Failure to maintain above this level could push the price down, potentially testing the psychological support level of $0.6500.
Despite the bearish signals, the likelihood of breaking out of the descending triangle remains high.
Projected upward targets are $1.0690, $1.3053, and $1.5804, provided that ARB can break above the resistance level.
Follow me for more cryptocurrency information and consultations.
If ARB breaks through the $0.794 resistance level within the descending triangle, it will surge 46%. The target is $1.045.
Breaking the resistance level could lead to a 46% price increase, making ARB's next move the focal point, as the price is currently consolidating near a key support level, it is advisable to pay attention to the critical price reactions.
Currently, ARB is trading at $0.725, with a 24-hour trading volume of $660 million, reflecting a decline of 3.51% over the past day.
ARB has also experienced a 3.24% decline over the past 7 days, with a current market capitalization of $3.05 billion and a circulating supply of 4.3 billion ARB tokens.
ARB shows bearish pressure, with prices consolidating near the $0.6756 support level, which is crucial for stability.
Failure to maintain above this level could push the price down, potentially testing the psychological support level of $0.6500.
Despite the bearish signals, the likelihood of breaking out of the descending triangle remains high.
Projected upward targets are $1.0690, $1.3053, and $1.5804, provided that ARB can break above the resistance level.
Follow me for more cryptocurrency information and consultations.
To operate, one must understand the basic principles of moving averages
Attack Line: 5-day moving average, when it turns upward it helps to rise, when it flattens it indicates consolidation, and when it turns downward it assists in falling; short-term experts usually rely on just one 5-day line;
Operation Line: 10-day moving average, an important indicator for wave market trends, analysis is more accurate when combined with the attack line;
Lifeline: 30-day moving average, the dividing line for medium-term strength or weakness in wave trends, usually used to define the watershed when a stock begins to strengthen or weaken;
Decision Line: 60-day moving average, a guiding line that determines strategic tactics, sharper than a trend line for judging operational guidelines;
Trend Line: 120-day moving average, a medium-term trend indicator, bull-bear dividing line, usually serves as the basis for major players' market entry and exit.
To operate, one must understand the basic principles of moving averages
Attack Line: 5-day moving average, when it turns upward it helps to rise, when it flattens it indicates consolidation, and when it turns downward it assists in falling; short-term experts usually rely on just one 5-day line;
Operation Line: 10-day moving average, an important indicator for wave market trends, analysis is more accurate when combined with the attack line;
Lifeline: 30-day moving average, the dividing line for medium-term strength or weakness in wave trends, usually used to define the watershed when a stock begins to strengthen or weaken;
Decision Line: 60-day moving average, a guiding line that determines strategic tactics, sharper than a trend line for judging operational guidelines;
Trend Line: 120-day moving average, a medium-term trend indicator, bull-bear dividing line, usually serves as the basis for major players' market entry and exit.
To operate, one must understand the basic principles of moving averages
Attack Line: 5-day moving average, when it turns upward it helps to rise, when it flattens it indicates consolidation, and when it turns downward it assists in falling; short-term experts usually rely on just one 5-day line;
Operation Line: 10-day moving average, an important indicator for wave market trends, analysis is more accurate when combined with the attack line;
Lifeline: 30-day moving average, the dividing line for medium-term strength or weakness in wave trends, usually used to define the watershed when a stock begins to strengthen or weaken;
Decision Line: 60-day moving average, a guiding line that determines strategic tactics, sharper than a trend line for judging operational guidelines;
Trend Line: 120-day moving average, a medium-term trend indicator, bull-bear dividing line, usually serves as the basis for major players' market entry and exit.