As BTC broke the previous high, the callback triggered officially bid farewell to the early stage of the bull market and began to move towards the second stage of the big bull market.
This is also in the true sense: the time period when retail investors enter the market in large quantities. The basis for this judgment is mainly based on the following points:
One is the wealth effect brought about by the continuous explosion of new coins, and the attention of the outside world has shifted from BTC to Altcoin.
Second, the trading volume of the market is increasing, and the registration volume of many exchanges is increasing significantly.
Third, the recovery of old users. People who entered the market in the last wave of the bull market left temporarily due to various reasons. As the market situation rose, they all returned one after another.
Fourth, the market began to circulate many predictions about the subsequent crypto market.
The above four points can be said to be a way to roughly judge the trend of the bull market. They may not be of much value to newcomers, but for real trend trading: they are very important! Because these bases directly affect the chips in our hands: whether we should continue to hold them or whether we need to make preparations for changing positions.
The long-term is considered the easiest by the market, but it is extremely difficult to operate in practice; because this process lasts for a long time and fluctuates greatly, the test of technology and mentality is incomparable to the short-term. Only investors who have experienced trend trading can understand this. , this is just like seeking scriptures from the West, you need to go through ninety-nine and eighty-one difficulties before you can finally achieve the true result.
The operation methods are different at each stage of the bull market, especially when entering the second stage; the short-term is more complicated, because the fluctuations are large, and the requirements for technology, fundamentals, and mentality will be higher. Newcomers who enter at this stage are on the bus halfway, with tigers in front of them and wolves behind them. You must be extremely careful. The market is full of information about sudden wealth and liquidation, which will greatly affect everyone's decision-making. So the priority right now is not which coin to buy? But consider what is the biggest risk at this stage?
Only by avoiding these risks, what is left is profit; as long as you can calm down and choose the right direction and use the right method, the crypto will give you unimaginable wealth.
PIXEL: The rise of pixel is beginning to be weak, and there may be a need for a correction in the short term. Retracing 0.7 and 0.6 are both good points to cover positions. It is recommended to buy and hold the currency at a low price.
JTO: JTO’s rise is not strong enough, and it has not pulled out a big green candle. It is not expected to be too strong in the short term, which means that it will be linked to an upward trend.
SUI: sui finally took off strongly! The daily line has pulled out two big green candle in a row, confirming the clarion call for the bulls' attack, and it is expected that the main rising wave of the daily line will begin.
AVAX: The trend of avax has been reversed, but it did not rise immediately. The trend of a currency with a large market value like this is generally relatively stable. Since it has been reversed, just be patient and wait for the rise.
SOL: Once sol becomes stronger, it will drive the sol ecological token. There is no need to worry about the long-term value of sol. The long-term value is at least 500. It is recommended to hold it for the long term.
MDT: The Hong Kong sector is integrated into Sol. The Hong Kong sector will definitely explode on April 6, and the Sol ecosystem will become the most popular ecosystem this year. The current market value is less than 100 million, but it has several times the potential. It will only explode in the past two days.
Ethereum’s 3-day moving average has closed. Let’s take a look at the trend of Ethereum today:
On March 18, a high-volume hammer line was closed, and the market stopped falling. The subsequent inertial decline did not break a new low, which shows that the support in this range is very effective. The green candle that has just been closed has swallowed up the previous negative line, forming a bullish engulfing candlestick pattern. The market has reversed, but from the perspective of bull volume, there is no heavy volume, and it has a long upper shadow line. It shows that there is pressure above.
As mentioned in the previous article, a real breakthrough must involve a large amount of volume, just like when driving uphill you must increase the accelerator. Therefore, we see whether the market is really an effective breakthrough or a bullish temptation. Volume energy is one of the very important factors. Important clues.
Judging from the current market, the long and short forces are relatively balanced, and there is a high probability that the fluctuations will continue in the future. However, it is still the background growth rate in the early stages of the bull market. The callbacks and shocks are actually accumulating strength for a better rise. If we If we can effectively analyze and judge the market trend, then we will not be anxious about the short-term rise and fall of the market.
Especially the high-quality currencies in the L2 sector that are good for the Ethereum Cancun upgrade. Even if they are not launched now, once they are launched, you will not be able to catch them if you want.
Can we still enter the market now? Judging from the current market situation, the currency trends are very different. At what stage should we deploy what kind of positions is particularly important.
The BTC is booming. Judging from the situation of copycats, the RWA hype is almost over. Even the Hong Kong sector CFX has not moved. Ondo and CFX can consider taking profits in the short term.
Next, there are sectors that are well-hyped. If you don’t know the layout, you can refer to the following:
ETH pledge section
Earlier, Vitalik said at the Taiwan Ethereum Conference that ETH staking was too centralized and hoped to be decentralized. In particular, he talked about some future updates of the staking sector. Therefore, there is a high probability that the next Ethereum update will have an upgrade in the staking sector. Coupled with the expected approval of the ETF in May, the eth staking sector will usher in double benefits. This is a potential big opportunity, so focus on it.
As mentioned earlier, ecological endurance + ETF are the next biggest driving force for Ethereum.
Recommended currencies: ethfi, ssv, pendle, alt
Pay close attention and do the callback
Looking at ETHFI from a project perspective:
1. ETHFI, EigenLayer and SSV network all play different roles
2. ETHFI focuses on network and business experience, SSV currently focuses more on network security, and EigenLayer plays a more important series role.
3. ETHFI’s three major business points: (1) entrusted pledge, (2) liquidity pool, (3) node service
4. The use and empowerment of ETHFI tokens are also centered on these three points. Regarding the value capture of tokens, the project side will also have corresponding optimization plans in the future.
5. The current protocol data of ETHFI is very good. TVL has already led many projects such as buffer and kelpdao, and is currently in the first position on the track.
Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions. These things often cannot be summarized in one article.
If you want to know more about wealth codes, or if you have any questions, follow the public account: Block Azheng
