Bitcoin has closed at the weekly level without too many signals. This weekend, on Sunday night, the market widened its decline and began to test the support and resistance level below. It is currently consolidating at the 96,000 level.
The overall market is currently in a weak adjustment state and has returned to 96,000. The highest rebound was 9.87 and then came back. The rebound force weakened and the high point was lowering. It fluctuated within the range of 3,000 US dollars. Next, focus on the range of 94,500-95,500.
BTC has been fluctuating for half a month since the No. 3 spike. The market has had sufficient short-term consolidation time and has to face new choices this week.
Many people have already questioned if the bull market is over; it’s just noise. Though altcoins have fallen significantly, there will definitely be market opportunities, but the extent is hard to estimate.
Due to the thousands of meme coins flooding the market, which severely dilute market funds, a general rise would require massive capital; the market trend will definitely diverge next. Most small coins without heat and value will likely go to zero. You can still make some money chasing hot spots, but where there is no heat, not even dogs will care. You can focus on these popular sectors next:
AI sector - The wave of technology rises again
NVIDIA earnings report (released February 25): As a leader in the AI field, NVIDIA's earnings report will directly impact the trends in the AI sector.
OpenAI launches GPT4.5: In a few weeks, OpenAI will release GPT4.5, and the AI sector is expected to experience a new round of speculation.
Investment strategy:
Conservative investors: You may choose to take profits after the NVIDIA earnings report is released.
Aggressive investors: You can wait for the release of GPT4.5 to seek greater returns.
Related cryptocurrencies:
Conservative choices: RENDER, FET.
High volatility options: VIRTUAL, AI16Z.
The latter two have already been listed on Binance Alpha, with future potential to enter the spot market, but the timing is uncertain.
Among them, the price of Virtual Protocol has fallen by 80%, presenting both risks and opportunities.
RWA field - capital flow brings opportunities
The capital game between Ondo and OM: Ondo has experienced substantial outflows to OM due to massive unlocks, but as OM's price increase slows, funds may flow back to Ondo.
Expectations for Binance Alpha listing: Ondo has been listed on Binance Alpha, and if it goes live on the spot market soon, the price increase could be as high as 50%.
Suitable for short-term speculation: If Ondo goes live on the spot market, quick profits can be made; if not, the price increase may be limited, and careful operation is needed.
Ethereum Prague Upgrade - Ecosystem coins are poised to take off
Prague Upgrade (April 8): Ethereum and its ecosystem coins will start to gain momentum in early March before the upgrade, making it worthwhile to accumulate in advance.
Related cryptocurrencies: Pepe, AAVE, Puffer
These Ethereum ecosystem coins are expected to experience a price increase before the upgrade, with a high success rate.
Summary: Seize opportunities, layout for the future
This week's market is affected by events such as the Brazilian president's speech and the Federal Reserve's meeting minutes, increasing volatility.
Although the crypto market is performing poorly, the AI sector, RWA field, and Ethereum upgrades hold significant investment opportunities.
Everyone needs to closely monitor market dynamics, allocate assets reasonably, and seek opportunities within risks.
Sweet sister recommends recently performing wealth-generating coins:
➤ Convex Finance ($CVX)
Market capitalization: $196 million
24-hour trading volume: $13.02 million
CVX has resolved the liquidity issue of locked funds on the Curve platform, allowing you to earn high returns without long-term locking.
Although it has fallen 21.26% in the past year, the current price of $2.38 is in a consolidation period, which is a good opportunity for accumulation at low levels.
More importantly, CVX firmly holds the governance rights of Curve and possesses a large amount of CRV, essentially standing at the top of the DeFi food chain.
➤ Litecoin ($LTC)
Market capitalization: $9.463 billion
24-hour trading volume: $971 million
LTC has been showing strong performance recently, with the major price level approaching an important resistance zone, near the previous highs. Due to strong selling pressure, the price fell after touching this level and then entered a consolidation phase.
Currently, there are signs of a rebound after a minor level touched support. Additionally, there are many ETF applications for LTC; if approved, it could lead to a price increase.
This is also one of the reasons why LTC has been performing better than other mainstream coins recently.
You can enter long positions within the range of 126-123 USDT.
➤ 0x Protocol ($ZRX)
Market capitalization: $293 million
24-hour trading volume: $44.84 million
Current price around 0.33, currently in a minor upward channel, and the price is approaching a key resistance line.
Meanwhile, the MACD indicator is forming a golden cross trend at a low level, and the trading volume continues to increase, indicating strong upward momentum.
You can enter long positions near the current price of 0.33, betting on a breakout.
Creating is not easy, thank you for reading. Friends who want to discuss technology and invest in quality coins can give a like + follow.
