25 Mar : SEC vs Do Kwon trial 27 Mar : $VET - VeBetterDAO Mainnet beta 28 Mar : $ARTY - Artyfact NFT Marketplace 29 Mar : $OP - $90M Unlock
1 Mar : $UNI - Fee switch proposal starts 1 Mar : $CELO - L2 Migration details 4 Mar : $MINT- $30M Ecofund proposal ends 4 Mar : $JUP - LFG Launchpad Voting 5 Mar : $TRUMP - U.S. Super tuesday 6 Mar : $FXS - $FXTL Airdrop Snapshot 7 Mar : $ANT $WAVES - Binance US Delisting 8 Mar : #AUCTION - Bouncebit Testnet ~9 Mar : $WEMIX - $CROW Snapshot
11 Mar : U.S. - BTFP Program ends 11 Mar : $AGLD - Utilizing ERC404 12 Mar : U.S. - CPI 12 Mar : $SSX - Upbit·Bithumb delisting 13 Mar : $ETH - Dencun Upgrade 14 Mar : U.S. - PPI 15 Mar : $FTT - FTX Creditors Meeting 16 Mar : $ARB - $2.2Bn Unlock
18 Mar : $NVDA - NVIDIA AI Conference 19 Mar : $PIXEL - $30M Unlock 20 Mar : U.S. - Fed Interest Rate Decision 21 Mar : $STRAX - StratisEVM (Token Swap) 22 Mar : XRP·SEC - Opening brief deadline
🔥𝐌𝐚𝐣𝐨𝐫 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 $FTM - Fantom Sonic 2.0 $ZIL - Zilliqa 2.0 White paper $ACE - Endurance 2.0 $PRIME - Colony (White paper) $STMX - L2 Token Launch $PORTAL - Staking service $MEME - Staking service $TOKEN - TokenFi Launchpad $JUP - LFG Launchpad $TRX - Bias Mainnet
Here will show a big picture of the market via 4 charts: BTC, ETH, Total Crypto Mcap, and ALT Mcap.
Bitcoin: BTC price is trading below $65,000 and has been in a downtrend channel for the last two weeks. However, it is still in a BULL trend in the long time frame. Support levels are at $63,000 and $60,000. The chart shows that BTC is forming the Right Shoulder of a Bullish Head & Shoulders Pattern, and after completing this pattern, we will see a further bounce.
ETH: The ETH price is also in a short-term correction with major support at $3,250. An ETH ETF could come in the next 15 days, so we may see a bounce in ETH at any time. Around $3,300 would be a good entry point for ETH.
Total Crypto Mcap: Total Crypto Mcap is also in a short-term correction but remains above the mega bull trend line.
Currently, Total Crypto Mcap is near $2.29T, with support around $2.16T, implying it can drop 5% for final capitulation.
ALTs Mcap: ALT Mcap has dropped below the mega bull trend line. We may see a small bounce if BTC moves upward, but it looks like the alts market will go through a final round of capitulation, where alts could drop a further 20% before the next mega season.
Conclusion: Bitcoin and the crypto market are in a bull trend, but BTC may retest $60K in the next few weeks. If this happens, we will see more declines in alts, which could suffer another 15%-20% drop. However, predicting the bottom is difficult. BTC dominance is also near 56%+ and may increase a few more percentage points, but we can see a bearish divergence in the BTC.d weekly chart. This period could be a good opportunity to accumulate alts with a 6-9 month view targeting the next mega alts season.