1. Market trend: standing on the 365 day moving average, profit taking increased
Although the fluctuation space of BTC is small, it has continued to rise recently, and the trading day has increased significantly. The price easily confirmed the breakthrough of 365 day moving average. This shows that the profitability of BTC investors has been significantly improved. At present, BTC has been in a relatively balanced state of profit within one year. Most investors make profits, but the profit space is very small. Even so, the market still better verified the reversal signal. Since 2022, BTC has confirmed the bottom pattern below the 365 day moving average, and then further strengthened the reversal pattern.
2. Message side interpretation:
Russian Presidential Assistant Dmitry medynski said that the positions of the two sides are approaching on some minor issues, but they are still "standing still" on major political issues. At the same time, the United States has cooperated with the European Union and the group of seven (G7) to impose sanctions on more than 400 Russian individuals and entities. This shows that the impact of the situation in Russia and Ukraine on the financial market has not been fundamentally improved.
For the Federal Reserve, the market bet that the probability of the Federal Reserve raising interest rates by 25 basis points in May is 28.9%, and the probability of raising interest rates by 50 basis points is 71.1%. This shows that the Fed's determination to control inflation is firm, and interest rates may rise rapidly. In the absence of new geopolitical concerns, this situation may not only put pressure on gold prices, but also affect the rising space of BTC. Especially at the capital level, the US dollar index is rising and the capital outflow from the financial market may remain high.
3. Dragon and tiger list:
Among the top currencies in the Dragon Tiger list, many currencies are related to the concept of defi. Xido led the rally significantly, so the currencies related to xido performed better. AAVE, SNx, maker, etc. are among the top ten. In terms of different ecological tokens, Boca test network represents KSM, and avalanche ecological avax ranks high. As a decentralized exchange, cake continued to rebound in technology in the short term, with a large increase.
Increase list
Among the top currencies, the public chain appears more frequently. The old public chains EOS, vet and ZIL performed well, and the price rise space was 19.2%, 19.3% and 18.3%. The ICP price of the new public chain also rebounded to 15.4%. From the disk trend, the current hot spots are concentrated in the undervalued plates. The price of the old public chain is low, especially in the past two years, the increase space is limited, and the make-up market is mainly reflected here.
In the storage sector, fil and hot also performed well, with 24-hour price increases of 25.7% and 25.4% respectively. Fil is the leader in the storage sector, and the currency price has shown a technical rebound after hitting an all-time low of $16.4. At present, the rebound space from the bottom has reached 50%.
In terms of lock up data, EOS, as the lock up data of the public chain, bottomed out and rebounded, not as depressed as the price. Lock up data rose from $70 million to $335 million, up nearly 400%. From this point of view, the public chain does have lower valuation and better buying opportunities.
Decline list
Fewer currencies fell, with the top currencies platform currencies okb, HT and BNB. At the same time, gamefi concept currency AXS has a large decline, while stable currencies ust and usdt have the largest decline, and waves, which has a large increase, has also been adjusted.
