1. Market trend: rebound in shock, and the trading volume remains low
During the period when BTC prices continue to retreat, the rebound frequency increases, and the price has not touched the support level of US $36077 corresponding to 50% of Fibonacci. Based on this judgment, the price and gradually close to the short-term support point, the market is about to usher in the opportunity to change the market. According to the range fluctuation, BTC has reached the low price area in the past year, and the opportunity to buy profits has increased. At the same time, among the investors who have held money on the floor, the willingness of long-term investors to take profits has increased. Before medium and long-term investors continue to lose money and ship goods, BTC's low absorption opportunity can still be concerned.
From the trading profit performance of medium and long-term investors, the SOPR index of long-term investors continues to decline in the near future. Although the overall value is still above 1, the recent drop below 1 continues frequently, which means that medium and long-term investors are considering selling BTC. According to this judgment, BTC adjustment is in the late stage, and it is the adjustment stage in which some long-term investors lose out. At this stage, BTC prices may continue to collapse in some stages, but the overall bottoming trend continues. Comparing the SOPR index before and after March 2020 and the BTC bottom confirmation process, the bottom signal will be sent after the typical index is lower than 1.
2. Interpretation of panic index:
During the slight decline of the panic index, although the value is obviously running below 30, the extreme value has not reached an unbearable bottom. According to this judgment, the typical bottom characteristics suggested by the panic index are not significant enough. Looking back on the performance of the panic index before July 2021, the value remained low below 30, and the buying signal was not effectively verified until the final value fell to 10. Therefore, in the process of judging the bottom characteristics of BTC, we can pay attention to the bottom building process of panic index.
3. Dragon and tiger list:
During the overall rebound of mainstream currencies, currencies in different sectors continued to rebound technically. Among the top 100 currencies in terms of market value, GMT, GRT, LDO and other currencies with a rise of more than 11%. Among the top declining currencies, FXS, storage concept AR and exchange concept mex decreased significantly. The overall market is in the rise and fall stage, and the hot spot is Web3 0 conceptual currency.
Increase list
GRT
As Web3 0 concept currency, GRT provides graph protocol service for decentralized data.
The graph (GRT) is one of the earliest decentralized indexing and query software in the market, which is equivalent to Google on the blockchain.
With it, DAPP uses smart contracts to add data to Ethereum.
The graph has also recently integrated a variety of defi protocols, including uniswap, AAVE, decentraland, Gnosis, balancer, synthetix, Polkadot, fantom, etc.
In terms of price, the bottom of GRT of US $0.3 is being gradually confirmed. After the 24-hour price rise has reached 12.8%, GRT is ushering in a better opportunity to rise in the near future. Next, we can continue to pay attention.
LDO
Lido is a financial platform that provides eth bet derivatives in exchange for management fees. Lido allows users to obtain transferable Seth by depositing eth into Lido smart contract without locking assets or maintaining their own infrastructure. In exchange, 10% of all eth pledged derivatives (which can be changed by LDO voting) flow to Lido Dao, which is controlled by the LDO token holder.
The LDO token holder is the owner / manager of the platform. LDO token holders manage Lido Dao's structure and an extended set of contracts, Lido Dao's Treasury, and the LDO token itself. Anything beyond Ethereum (Multi Chain) or IRL (human) is not directly owned or managed by LDO token holders. Although this may change in the future, Lido's governance responsibility is currently divided by LDO token voting on the chain and "voting with feet" by end users and operators.
Liquid stacking is a highly technical, capital intensive and highly competitive market. It is in the interest of LDO token holders to increase the amount of management fees due to Lido by increasing the assets under management (AUM) as much and rapidly as possible, and then reinvest in more growth and security.
As eth2 The concept of 0 pledge is an important currency. The LDO market has a strong performance, and its position locking is maintained at a high level. Judging from this, the upward trend of LDO price will continue.
GMT
Both gamefi and movetorun have their own cycle, which may be relatively short. With the decrease of heat, the decline of price, the boredom of old players or the emergence of a large number of imitation disks, the application stepn integrating gamefi and socialfi elements appears.
Due to the application of gamefi and socialfi elements and attracting many users outside the encryption circle through the move to ear mode, stepn quickly became popular.
In terms of price performance, GMT not only rose by 18.6% in 24 hours, but also pulled the plate in the state of contraction for the first time. This shows that GMT has recently prompted the signal of market control pulling up, and the shrinking rise means that the main force dominates the short-term market and pays sustainable attention to the price performance.
Decline list
Among the currencies with the highest decline, FXS has the largest short-term adjustment space, which is related to the instability of the overall market trend. Doge, which performed well in the short term, rose and fell, showing the unsustainable characteristics of stimulating the market on the news side. Near continued to rise in the early stage, and also continued to retreat in the near future. There was no strong performance after that. The overall market is in the adjustment stage, paying more attention to a few low absorption opportunities and adjusting expectations.
