I thought that Pi could stir up some waves, but it turned out to be just like that. There are still people flocking to something with so many restrictions and such an opaque thing, claiming to surpass BTC. It's ridiculous. It looks like a commemorative coin. Let's review these normal things. This article is only a personal review and does not constitute any investment advice. #BNBChainMeme热潮
Let me talk about the conclusion first, followed by news and technical analysis:
Regarding BTC: It is predicted to consolidate between 95,000 and 99,500, and the direction is uncertain, but the good news from President Chuan is gradually emerging.
Regarding BNB: It is expected to consolidate between 630-680, having issued an airdrop, which is still good.
Regarding ETH: It is expected to fluctuate around 2500-2900, with no significant signs of a surge.
Altcoins, Solana, Ripple, and Dogecoin are primarily fluctuating with Bitcoin, and it's normal for their fluctuations to be slightly larger than BTC. During this phase of adjustment, many investors will switch back to BTC for hedging.
Altcoin season index, which shows that in the past 90 days, about 39 projects among the top 100 by market cap have outperformed BTC, indicating weak altcoin sentiment; no signs of an altcoin season have been observed yet.
From the news perspective, Wintermute CEO's view: The adoption of cryptocurrency in the U.S. is increasing, and the risk aversion sentiment among traditional institutions is easing. The asset tokenization market could reach hundreds of billions to trillions of dollars, enhancing market liquidity. The South Korean Financial Supervisory Service plans to strengthen regulation of virtual asset service providers by 2025, with strict compliance reviews. Google's Web3 expert view: Google collaborates with the BTC ecosystem to improve wallet experience and support Google account login, researching zero-knowledge proof technology to enhance credibility. BTC ETFs become collateral for financial institutions, helping cryptocurrency integrate into traditional finance.
Next is the technical analysis:
1. From the BTC candlestick chart, it shows continuous narrow consolidation, and it seems that support around 95000 to 97000 is quite sufficient.
2. Greed and Fear Index observation: Currently at 49, which is in the neutral range, sentiment is gradually brewing for recovery.
3. BTC perpetual contract funding rate is 0.0059%, and ETH is 0.0066%. It is advisable to observe these two data points closely; a sudden drop may lead to a significant decline.
4. Observing the maximum pain points for options in the next 3 months, within 92000-97000 over three days, the impact is minimal. The maximum pain point at the end of March has risen from 85000 to 90000, with 10.5 billion dollars, which is very good, and support at 90000 is relatively ample.
5. Spot ETF observation: On Tuesday, 670 BTC flowed out, and 7114 ETH flowed in on Tuesday.
6. From the RSI (Relative Strength Index), the 24-hour indicators: BNB, BTC, ETH, Dogecoin, Litecoin, Ripple, Altcoin, and Solana are in the neutral zone. Other mainstream and altcoins are mostly concentrated in the neutral zone.
7. From the peak escape index, it is currently in the middle to lower range, at a moderate position.
8. The BTC HODLer index is at 1.16, suitable for regular investments to accumulate coins.
Those friends, don't criticize me, have you succeeded in transferring what you have? Can you trade? If you can't, don't get involved, lest you get liquidated.