The cryptocurrency market continues its downward trend today (27), with Bitcoin breaking below the $85,000 mark overnight, plummeting to a low of $82,256, marking a new low since November 2024. Meanwhile, the market fear index has sharply declined to 10, indicating extreme fear.

With the market deep in bearish gloom, traders are actively positioning for safe havens, with some betting that Bitcoin may further drop to $70,000. Additionally, this Friday, $5 billion in BTC options are set to expire on Deribit, which will likely heighten market volatility, suggesting that fluctuations in the market may intensify in the coming days.

After Ethereum failed to stabilize above $2,800, it has been on a downward trend, recently rebounding to $2,500 before facing setbacks, reaching lows near $2,200. SOL has also dropped to around $130 due to the sluggish meme market and the negative impact of a substantial unlock on March 1, marking a new low since September 2024.

Can the upcoming US PCE data drive a market rebound?

The core PCE data to be released this Friday will become the focus of market attention, as it is an important indicator for the Fed to measure inflation. If the data is not favorable, the US stock and cryptocurrency markets may further decline; if the data exceeds expectations, it may provide some relief to the market, improving sentiment a bit. However, under the shadow of tariff clouds, the possibility of a single set of data reversing the trend is slim.

If you believe the bull market is still on and want to buy at the bottom, I suggest you either wait for a swing or hold off a bit longer.

Positioning for the following 3 altcoins expected to have a 10x increase!

1. SOL

SOL has been in a strong downtrend, but based on the long tail of the candlestick chart from February 25, bulls are attempting to halt the decline at $133.

The RSI is in the oversold area, indicating a potential recovery in the short term. The SOL/USDT pair may rise to the 38.2% Fibonacci retracement level of $150 and the 50% retracement level of $156. If the price falls back from the upper resistance level, the risk of dropping below $133 will increase.

Conversely, breaking and closing above $156 indicates that the selling pressure is easing. Bulls will then attempt to push the currency pair to the 20-day moving average ($175).

2. PEPE

Pepe Coin is a deflationary token launched on the Ethereum blockchain. PEPE was created to pay tribute to Matt Furie's iconic 'Pepe the Frog' meme, aiming to leverage the success of predecessors like Shiba Inu and Dogecoin. The project upholds the origins of memes, maintains a tax-free policy, and openly acknowledges its lack of utility, attracting investors seeking simple meme-based cryptocurrencies.

The trading price of PEPE is $0.00000853, ranking third in market capitalization among Meme Coins. Recently, Binance offered an opportunity for PEPE holders to gain additional rewards through its flexible product subscription, providing a 6% reward tier annual percentage rate (APR). Despite a 4.81% drop in the last 24 hours, PEPE maintains high liquidity, with a trading volume to market capitalization ratio of 0.1277.

The 14-day relative strength index (RSI) is at 38.33, indicating a neutral trend with potential for sideways trading. Over the past 30 days, PEPE has had 13 days of gains, reflecting 43% positivity, with a relatively low 30-day volatility of 19%.

However, in the long term, PEPE's trading price is 35.26% lower than its 200-day simple moving average (SMA) of $0.00001447. Nonetheless, the token has achieved an astonishing 664% price increase over the past year, outperforming 96% of the top 100 cryptocurrencies. This performance indicates significant market influence and growth potential.

3. LINK

LINK broke below the support line of the downward channel pattern on February 25, but the long tail on the candlestick chart indicates buying at lower levels.

The downward-moving average and the RSI in the oversold region suggest that bears may sell on every small rally. If the price falls and remains below the support line, LINK/USDT could drop to $12.71, followed by a decline to $10.

If the price rises and breaks above the 20-day moving average, this negative outlook will become invalid in the short term. The currency pair may rise to the 50-day moving average ($20.78) and stay within the channel for a few days.