1. Market trend: BTC rebounded accurately at 38.2% in Fibonacci
Shortly after BTC recently stood on the important 365 day moving average, there was a trend of rising and falling. After the price accurately retreated to the corresponding US $43847 of 38.2% in Fibonacci, the technical rebound began. At present, when the BTC price is higher than the 120 day moving average, the short-term pullback belongs to the secondary confirmation of the reversal pattern. In the daily K-line, BTC is similar to the reversal form of multiple bottoms. If the support is confirmed to be effective near us $43847, the next city can be built in the upward space.
In terms of data, the number of unconfirmed transactions of BTC reached a recent peak of 89.01 million on March 31, indicating that investors' short-term trading heat has increased. At present, it is a significant washing stage, and they can hold money and wait for the market to stabilize.
2. Message side interpretation:
At 20:30 on Friday, the United States will release the March non farm employment report. This will be the last non farm report before the next fed meeting in early May.
As it is certain that the Fed will continue to raise interest rates, the only question for the next May meeting is whether to raise interest rates by 25 basis points or 50 basis points. At present, the probability of raising interest rates by 50 basis points in May is expected to be 76%. Although the non farm data may lead to short-term market fluctuations, analysts said that only when the data are seriously lower than expected and other economic data are also weak, can the Fed give up its intention to raise interest rates by 50 basis points in May. Therefore, the impact of interest rate hike on the market can not be ignored. Financial markets generally adjust and withdraw to meet the interest rate meeting of the Federal Reserve. The price of BTC is obviously in a sensitive position, and the price trend may fluctuate at night. Wait for the trading direction to be confirmed after digesting the selling pressure.
3. Dragon and tiger list:
Due to the increase of short-term correction space of mainstream currencies, among the top currencies, most of the currencies with better performance are concept currencies.
GMT and ZIL, as the concepts of gamefi and metauniverse, have a large space for short-term price rise, with 24-hour increases of 54.9% and 12.0% respectively.
The concept currency waves continued to rise more than most currencies with a short-term increase of 8.3%. The platform currency FTM and stable currency MIM, busd and tusd are the anti falling varieties in the weak market.
Increase list
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 has not only increased by 54.9% in 24 hours, but also increased by more than 280% since March 28. In terms of market value, it reached US $1.75 billion, ranking 77th. Fortunately, the volume and price are still stable, and we can continue to pay attention to the increase expectation.
FTM
In terms of capital and endorsement, fantom has raised several new funds of US $70 million this year, including Alameda research of SBF, which can bring many industry resources to fantom. In addition, AC, as a consultant of fantom, has been promoting the cross chain integration of various projects into fantom chain, so that fantom ecology can expand rapidly. In addition, recently, fantom foundation announced that it would invest 370 million FTMS to stimulate ecological development. TVL has been rising and falling since 2022, and the current value is stable at around us $6.66 billion. In terms of price, we can pay attention to low absorption opportunities and market opportunities with ecological development.
SNX
Synthetix's business logic is that users provide traders with synthetic asset transactions without sliding points and counterparties through the excess mortgage platform token SNx;
At the same time, it is essentially similar to mortgage lending projects. Through mortgage, users can increase their leverage and obtain mortgage rewards as users' income.
Its core lies in whether it can attract more users to mortgage and attract more traders to trade at the same time.
On the news side, SNx's payment to the pledgor has reached a record level of $650000, which may continue to stimulate SNx's strength. In the secondary market, SNx has been the third volume at the daily level, and its price recovery momentum in one month still shows no sign of ending.
Decline list
At the top of the decline list is gamefi concept currency Gala, and fil in the storage sector and ICP in the public chain sector also have relatively large declines. This shows that in the case of the callback of mainstream currencies such as BTC and eth, the overall market performance is poor. Nevertheless, the decline of most currencies is small, and more currencies show low absorption signals. The short-term market is worthy of attention.
