1. BTC hit 120 day moving average
The 120 day moving average of BTC's short-term rebound has gradually expanded the space for price shock. The trading volume rebounded slightly, indicating that investors' trading activity increased rapidly. At present, BTC has reached the position of the changing disk node within three months. If it breaks through the pressure level corresponding to the 120 day moving average upward, it will further prompt the bullish signal.
2. Message side interpretation
Goldman Sachs expects the fed to raise interest rates by 50 basis points at its meetings in May and June, respectively, after Fed chairman Jerome Powell made tough remarks on Monday.
Powell said on Monday that the Fed must raise interest rates "quickly" and may take action "more actively" to prevent the price spiral from deteriorating. The Fed has taken a more aggressive tone in curbing inflation than it did a few days ago.
In terms of global market trend, the three major US stock indexes rose and fell. After the strong rebound of Reuters CRB commodity index, the futures prices of gold and crude oil retreated. In the short term, the impact of the Fed's interest rate hike on the market will gradually fade. Next, we can continue to focus on trading opportunities. In terms of BTC, pay attention to the possible rise and fall of prices. Especially when the pressure has not broken through, pay attention to the low absorption opportunities brought by repeated market shocks.
3. Dragon and tiger list
Increase list
ETC
The expected reduction in production and the expected fermentation in undertaking eth computing power have promoted the continuous rise of etc prices. Over the past 24 hours, etc has risen again by 10.7%, ranking second in the list of increases.
Although eth is expected to turn into a POS consensus mechanism in the next few months, its current version of pow computing power will also flow to other public chains, and etc is expected to take a share of it, so as to expand the network. At the same time, etc will also reduce production before and after May 1, 40 days later. At that time, its block reward will be reduced from 3.2 etc to 2.56 etc, with a reduction of 20%.
However, from the perspective of ecological development, etc's ecological development is not sound enough, there are few applications in the chain, and the risk of short-term chasing up needs to be paid attention to.
ALGO
Algo, as a public chain project ranking 25th in market value, has a stable price performance. The increase in 24 hours reached 10.6%, ranking third in the dragon and tiger list.
According to the news, algo will release humble swap on March 28, 2022, which has a strong price performance.
HNT
As early as February 19, helium, a decentralized wireless network, completed round D financing of $200 million at a valuation of $1.2 billion, with tiger global and FTX ventures participating in the investment.
Previously, helium had raised about US $110 million in venture capital funds on pitchbook and obtained a16z leading US $111 million in token sales last summer. Today, helium's existing supporters also include Khosla ventures, GV, multicoin capital, Munich Re ventures and firstmark capital, which are widely favored by star institutions.
In terms of price performance, hNT has continued to stop falling in the short term recently, and the upward trend of price has continued since 2021. After a short-term 24-hour increase of more than 9%, we can pay attention to the further performance of the price.
In terms of other currencies, BCH, as the bifurcation currency of BTC, continued to make up for the rise. The short-term performance of EOS of the old public chain is also relatively strong, so we can pay due attention to the supporting effect of ecological development on prices.
As a currency with high focus, ape shows a rebound trend in the short term. Next, we can focus on the trading opportunities brought by low absorption under the condition of stable volume and price.
Decline list
The concept of algorithmic stable currency and the currencies related to stable currency have more short-term declines. Most sectors are strong, so we can continue to pay attention to the opportunities of hot sectors and currencies.
