Ondo Finance: The rapid development of RWA US debt on-chain practice
1. Project Introduction: 1. Basic information of the project Ondo Finance is a decentralized institutional-grade finance protocol that is committed to using blockchain technology to provide institutional-grade financial products and services and to build an open, permissionless, decentralized investment bank. Ondo's current core business is to introduce zero/low-risk, stable interest-bearing, scalable fund products (such as U.S. Treasury bonds, money market funds, etc.) to the blockchain, providing an alternative to stablecoins for on-chain investors and allowing holders rather than issuers to earn most of the income from the underlying assets.
Market analysis: #BTC Take a look at the 1h level. 65500-65800 is a short-term support area. Now we are looking at whether it can effectively support the rebound. If it falls below this area, the focus below is on the support of 63500 $BTC
Short-term analysis of the market: #BOME Today, there was a false breakout in the downward trend. Currently, it is on the downward trend line. The support below is around 715. For the time being, the upper support is 743. $BTC $BOME
Short-term analysis of the market: #BOME Today, there was a false breakout in the downward trend. Currently, it is on the downward trend line. The support below is around 715. For the time being, the upper support is 743. $BTC $BOME
Market analysis: #ordi Currently, it has reached the daily support level around 34.3. Let's see if it can get support and rebound. When will my ORDI with a cost of 57 dollars take off? $ORDI $BTC
Market analysis: #RATS RATS was released two weeks ago. At that time, it was said that it was in a box-shaped oscillation. It broke through the box a few days ago and rebounded before reaching the support level near 57 below. The current small pressure level is around 11.
Market analysis: #BTC $BTC Currently, it has reached the daily level long-short dividing line. If it falls below the dividing line, it will have to find support at the starting point near 52,300. But I personally tend not to fall below it. After all, the ETF's position is only around 57,000-58,000. If it really falls below it, it will be a big waterfall, triggering panic selling.
Give everyone some confidence and boost their blood:
Currently, the daily RSI is already in an oversold state, and the current value is 27. Looking back over the past two and a half years, there have been three cases of oversold daily lines:
The first time: At the end of 2022, the FTX crash caused the price to fall to 15,500, then rebounded to 18,000, and then slowly fell. The second time: In March 2023, the US banking crisis caused the price to fall to 19,500, the daily line was oversold, and then rebounded to 30,000. The third time: In August 2023, the price fell from 31,000 to a minimum of 25,000. This oversold was the most serious. After that, starting in October, Bitcoin rebounded rapidly and ushered in a big rise.
The reason I tell you all this is to help you maintain a stable mentality. Don't let your mentality collapse first because the price hasn't collapsed yet. If your spot position is not full, pay attention to the spot! Now 61,000 can be full, and there is no need to pursue the so-called lowest point. The contract should also pay attention to the risk of a second exploration. It cannot be said that there will be a second exploration, but judging from the historical trend, there will be a second exploration. Therefore, contract players should not rush to enter the market at present, and wait until it stabilizes before entering! $BTC $ETH
Why don't the mainland take the initiative to build a fully compliant virtual currency exchange?
1. The mainland likes a one-size-fits-all approach;
2. The top leaders were fooled and castrated themselves;
3. Now that it has recovered a little, an opening has been made in Hong Kong, but it is a little late;
4. Most people in the mainland have a binary mindset, and they will go all-in when the market goes up, and hang themselves and hang banners when the market goes down. A one-size-fits-all approach has more benefits than disadvantages;
5. Finally, the gap in the hope is completely closed, and the opening in Hong Kong is completely opened, so that those who want to play, have a certain tolerance, and have a certain intelligence can have a good time!
Market analysis: #FET Currently, it is blocked and falling back near the daily level 1.78 pressure. Combined with the collective pull of the AI sector, I think it is a natural thing to break through the pressure. What do you think? $BTC $FET
Market analysis: #LDO Currently, the pressure near the daily level 2.4 is blocked and the market is falling back. The ideal situation is to enter the market near the 1.6 support level to bet on a rebound $BTC $LDO
Market analysis: #BONK From a small level, it is currently consolidating at the pressure position near 225, while the lower lows are rising If it can step back on the small trend line below, it can make a short-term multi-wave bet to break through the pressure of 225 $BONK
Market analysis: #BOME Someone asked about BOME yesterday. Take a look. Currently, it is supported and rebounded near the daily level of 82. The upper pressure is near 10.