Trump announced that the tariffs on Canada and Mexico will take effect after March 4. Last night, the US stock market fell with Bitcoin, and Bitcoin fell with crypto-copycats. After Bitcoin fell below the important support, the next step may be to $85,000. Yesterday, our internal group suggested that we should buy the bottom in steps at $95,200 and $93,400. If it falls below $93,400, it may fall to $91,300. At present, this line seems to have support, but if it cannot hold $93,400, it may fall further to $88,000. The market is currently leaning towards this probability, as the daily line has closed below $93,400. Unless it rebounds quickly to lure shorts, there is a high possibility of further decline.
The next support level is $88,000, and it may even drop to $85,000. If it falls below $88,000, the rising trend line crossover point is about $84,000 to $86,000, which may be a key position for bookmakers to obtain liquidity. If it gets support here, Bitcoin may rebound; if it falls below, the bull market may end. Although we think this possibility is low, we need to remain vigilant. The overall market of the cottage industry has been washed away by waterfalls, and both AI and high-quality DEFI have fallen sharply.
UNI price plummeted all the way, falling directly below $8, AAVE was not spared and was smashed to around $200, and ARC fell even more, falling below $0.2. In the current market situation, the decline brings opportunities, and the more it falls, the more worth buying. Here is an investment idea for everyone. High-quality leading projects in popular tracks such as AI, meme, layer1, and rwa can be given priority in investment considerations.
The current on-chain transaction volume continues to be sluggish, and the maximum transaction volume within 24 hours does not exceed 30M. The sluggish on-chain market directly puts tremendous pressure on SOL. SOL has fallen below $140 and is facing huge unlocking pressure. Its price plummeted from $174 to $138, a drop of more than 20%. It is now in the bottom area of 120 to 130 US dollars. It has been supported in this area many times before. Investors can consider buying at this position.
Now everyone says that the bear market is coming, but what we see are opportunities. If there are new things this year, you must research them. Many opportunities appear in the early stages of new things. Don’t be afraid of trouble.
Sharing something new is similar to the early days of inscriptions. There is no innovation or new narrative in the market right now. You can pay attention to this and study it. I also shared it in the internal and external groups of the community yesterday.
The pump on the Bitcoin chain is technically supported by ICP. The most important thing is to solve the problem of BTC transaction difficulty, long transaction time and GAs fee. The reason why everyone plays sol is nothing more than that they think Brc-20, runes, slow transaction speed and insufficient depth. The current Odin Fun can be simply understood as smooth transaction, no gas, and can add inscriptions and runes to the pool to create liquidity. If it takes off, it may lead to the explosion of the BTC ecosystem!
At present, the popularity and effect have gradually increased, and the price has also taken off simultaneously. Odindog and Odincat:
Long Yi: Odindog’s market value exceeded 6M, the price exceeded 300 satoshis, and the number of addresses exceeded 2000. At this point, I feel that the market value is not high, and the popularity is slowly rising.
Long Er: Odincat’s market value is currently 1.3M. The price is 72.3 sats, and the number of addresses has exceeded 1,000. Everything is just beginning. We must be brave enough to embrace new things. It is still early and the popularity has not really risen. Let’s do it a hundred times?
At present, the secondary market of BSC and Sol chain lacks the money-making effect, and the market is relatively quiet. Looking back, inscriptions have exploded strongly in such a quiet market. Faced with new narrative concepts, investors should actively participate and do not need to pay too much attention to capital investment. Because the colder the market is, the easier it is to have a hot spot. At this time, everyone is looking for money-making opportunities and funds are idle. Moreover, the BTC chain has always been the focus of market speculation. There are a large number of powerful investors and retail investors in the market who are firm believers in the BTC ecosystem, especially those who are keen on inscriptions and runes.
As an emerging project, Odin Fun is developing very fast. It is the best solution for liquidity in the Bitcoin ecosystem. Its speed is comparable to Sol and BSC. In the future, transactions will no longer need to compete for gas. It is likely to become the mainstream of the rune and brc20 trading market. Currently, Odin Fun has opened rune trading and will support brc20 in the future. As the popularity continues to ferment, once it goes out of the circle and attracts miners, inscription communities, and BTC ecological believers to enter the market, its popularity will be further pushed up, and there is great hope to stand out and achieve a small win.