Last night's CPI data was favorable for risk assets. After the data was released, Bitcoin briefly rose above 89,000 but quickly dropped back down, hitting a low around 84,000, and the futures market saw liquidations of up to 450 million USD.
BTC OG Whale deposited 5,152 BTC (approximately 445 million USD) into exchange B. Currently, there are no signs of a stop in the decline, but after the Bank of Japan's interest rate hike, market panic should improve.
BTC
From the 4-hour perspective, this wave seems to be a descending wedge and is part of the final stage of the decline. It is currently uncertain whether this pattern will play out, as the overall trend remains downward. However, considering short-term pullback demand, I am temporarily abandoning the idea of shorting, and will continue to hold my long positions.
Pay attention to the range of 8.9-9w above. If it breaks and stabilizes at this position with strong upward momentum, then it is likely to be a descending wedge formation, and the trend may reverse afterward.
The current rebound wave has not yet ended, pay attention to the pressure line above, and make further judgments later.
ETH
The rebound of ETH is quite strong, possibly due to the negative news materializing, leading many large funds to start bottom fishing in batches, so the price has rebounded quickly. Currently, although it is in a downward channel, it is continuously golden cross at a low level on the 4-hour chart, and in the short term, it is likely to break through.
Pay attention to the upper resistance at 3030 and 3150, and layout around here.
The lower support to watch is 2860, 2750, and 2650 here, with a swing short aiming for 2500.
SOL
Recently quite weak, last night has already broken below the 120 mark. The performance of SOL in this phase is indeed lacking, having failed to break through the pressure at 145 three times, and the support at 122 has been directly broken. There has been selling for some time. It can be highlighted that if it stabilizes at the price of 123, it can be suitable to buy more, with targets seen at 132-135.
RTX
Total supply 100 million, initial circulation 16.66%, pre-market price 1.3, pool price 1.2
Positive news: 1. The second Aster USD1 trading pair 2. Community feedback seems to be not as much as 1.33%
Negative news: 1. On-chain TVL 44m 2. The financing time is too abstract, completely unable to see the rationale for November financing, and the TVL has not performed well, is it to provide support for token issuance?
The project outlook is average, trading volume is also average, without much advantage, the pre-market valuation is normal, neither high nor low, pay attention to it when the market opens.
ZKP
Total token supply: 1 billion, initial circulation: 201.6 million (20.16%), pre-market price and pool price 0.175 U, corresponding circulating market value 35 million, FDV 175 million
Kaito presale 2%, TGE unlocks half, collected at 20 points on the ETH network, Aspecta key presale 0.2% chips open for redemption within 2 hours of TGE. Along with community airdrops, Kaito mouth airdrop, Binance BOOSTER of 10 million coins, there are still quite a few scattered chips outside.
However, the project party has not clearly stated the amount of airdrop, which is quite annoying. Price maintenance is okay, Binance contract positions should not be a problem, waiting for various random airdrops to be released, and then see if it is necessary to take a position, to speculate on a contract position.
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