1. Market trend: BTC stops and pays attention to profit taking
BTC recently stood on the important 365 day moving average, while the price remained above the $43847 corresponding to 38.2% in Fibonacci. This shows that the price is in a state of more profit taking. At the same time, the price performance of the pig track in the past three trading days was stable, and the horizontal consolidation replaced the continuous rebound trend. Trading volume continues to show signs of steady decline, so we need to pay attention to the callback performance. In terms of support, we can focus on the opportunity above the $43847 corresponding to 38.2% of Fibonacci.
2. Message side interpretation:
On March 29, it was reported that the fifth round of negotiations between Russia and Ukraine ended, lasting for three hours. Mezinski, head of the Russian delegation, said that the Russian Ukrainian talks were constructive. Russia is taking two measures to ease the conflict in Ukraine.
The negotiations between the two sides will resume by video on April 1. A week later, the two delegations will formulate a more detailed draft of the treaty and promote the meeting of Russian and Ukrainian presidents as soon as possible. Therefore, without a fundamental change in the situation in Russia and Ukraine, it still affects the market trend.
This month, the Federal Reserve announced the first increase in interest rates in four years, opening a new cycle of interest rate hikes to combat inflation, which is currently at a 40 year high. But research analysts at Credit Suisse point out that US inflation is likely to remain high even after the Federal Reserve completes all 10 to 11 25 basis point interest rate hikes by the end of next year.
If the analysis is true and inflation intensifies, commodity prices and other prices rise, BTC's may also benefit from the inflation market, which will continue to increase greatly.
3. Dragon and tiger list:
Among the top currencies, ZIL's prices broke out continuously due to the concept of meta universe, with a 24-hour increase of 37%. Among the relevant currencies, enj is also the top gainer. Public chain sol, vet and TRX performed well. Among the defi concept currencies, SNx and uni increased significantly. With eth2 LDOS related to 0 pledge performed strongly.
Increase list
Among the top currencies, the public chain appears more frequently. Sol, vet, ZIL and TRX performed well, with price increases of 9.2%, 9.4%, 37.0% and 8.2%. Gains were led by ZIL and tfue
ZIL
After ZIL released meta universe platform Metapolis, the price continued to rise strongly. It is reported that on April 2, ZIL will hold an event in Miami for the purpose of the Metapolis platform. Perhaps, the development of ZIL market is related to the good expectations of investors for its participation in metauniverse.
In terms of price performance, after ZIL made a strong breakthrough on March 26, the amplitude in the past two trading days reached 84% and 24%, and the cumulative maximum increase can be as high as 3.5 times. Considering the extremely high short-term trading volume, it is in a very active trading state. At the same time, the selling pressure of 4-hour volume and price increase has not been significantly released, so we should pay attention to the rising opportunities of the market.
TFUEL
Theta is the first decentralized video network in the world to use blockchain technology to solve the shortcomings of streaming media and video on demand. Theta network provides end-users with excellent streaming media, lower cost of video platform and incentives for broadcasters to voluntarily provide bandwidth; All parties benefit from theta model.
Tfuel is one of the ecological tokens, which is the gas cost in the ecology and provides power for the operation on the chain. From the perspective of transaction heat, tfuel's recent activity has increased and its rebound momentum has been significantly enhanced. Next, we can pay attention to the development of theta ecology and the use of gas fees to confirm the space for price increase.
On the message side, in the future, theta edge node will support decentralized NFT storage, enabling users to own and keep their NFT without relying on any centralized platform. Theta's distributed network consists of more than 100000 edge nodes operating in global communities and continues to grow rapidly
Affected by this, theta ecology's tfuel rebound ranking reached the second place.
LDO
LDO with the highest growth is Ethereum 2.0 pledge liquidity solution, and its TVL has grown rapidly, with the number exceeding US $19.08 billion. Among them, the pledge scale of eth has exceeded US $10 billion. From the perspective of application, LDO has application prospects in Solana ecology, poca ecology, polygon ecology and Terra ecology in addition to Ethereum 2.0. As a LDO to solve the problem of pledge liquidity, its price increase is expected to be of concern.
