Last night, the overall market was trending upward very well, but then a black swan event of a hack at an exchange occurred, coupled with a sharp drop in US stocks, which caused the overall market to quickly pull back. Let's review the trend next. This article is only a personal review and does not constitute any investment advice. #bybit被盗
Let me talk about the conclusion first, followed by news and technical analysis:
For BTC: It is predicted to consolidate between 94,000 and 99,000.
For BNB: It is expected to consolidate between 630-680, with a strong trend.
For ETH: It is expected to fluctuate around 2500-2900, with no obvious signs of skyrocketing.
The main trends of Gobi, Sol, Ruibo, and Chuanbi are mainly following the fluctuations of Bitcoin. It is normal for the fluctuations to be larger than BTC. During the periodic adjustment process, many investors will switch back to BTC for risk hedging.
The altcoin season index shows that in the past 90 days, about 26 projects among the top 100 cryptocurrencies by market value have seen growth rates exceeding BTC. The altcoin sentiment is weak, and there are no signs of altcoin season for the time being.
According to the news, Trump-appointed FBI Director Kash Patel holds $115,000 worth of BTC. Zhu Su said that the theft of Bybit ETH caused panic, and a large number of traders opened short orders to set a new high. Solana ecosystem has suffered capital outflow due to the Meme coin runaway incident:
Next is the technical analysis:
1. Judging from the K-line of BTC, it continues to consolidate in a narrow range. It seems that the support around 95,000 to 97,000 is relatively sufficient.
2. Greed and Fear Index observation: Currently 49, which is in the neutral range, and sentiment is gradually brewing and recovering.
3. The funding rate of BTC perpetual contract is 0.0119%, and that of ETH is 0.0046%. The funding rate of BTC is good, indicating that the short position is not strong.
4. The biggest pain point of options will be observed in the next three months. It will be between 96,000 and 100,000 within three days, which will not have much impact. The biggest pain point at 90,000 at the end of March is 10.5 billion US dollars, which is not far from the target price.
5. Spot ETFS observation: BTC outflow 512 on Tuesday, ETH outflow 3251 on Tuesday,
6. From the perspective of the RSI relative strength index, the 24-hour indicators: BNB, BTC, ETH, Sichuan Coin, Litecoin, and Ripple are in neutral. Citicoin and Sol are in weak position, and most of the other mainstream and altcoins are in neutral.
7. Judging from the top escape index, it is currently in the lower middle and the position is moderate.
8. The BTC hoarding index is 1.14, which is suitable for regular investment and hoarding.
At present, we still need to be patient and wait for the market to break through. In the past few months of consolidation, BTC has pushed the support level higher and higher, and the average price of chips has also increased, which is a good thing. At this time, it is still necessary to be cautious. When it reaches above 99,000, you can deleverage and leave some positions. $BTC $XRP $BNB
