Market analysis on March 19
1) Market trend
btc followed the decline of US stocks, and counterfeit stocks fell.The main line of the market revolves around the bsc chain.
US stocks continued to fall sharply, with Tesla leading the decline.
Today's news classification is sorted out:
1. What is more important is the meeting on the small day. This time, the interest rate is kept unchanged, which is considered to be in line with market expectations, so there is no fluctuation. However, there is a high probability that there will be a discussion on interest rate hikes in May, so this thunder must be avoided.
2. The Americans will also hold a meeting at 2 a.m. tonight, but March will also keep interest rates unchanged. The expectation of no interest rate cuts in March has begun to digest last Christmas, so this time it should not have much impact. However, the most important thing is Lao Bao’s speech and the announcement of the dot map, including the speech being too encrypted, and it has been friendly twice last year.
3. In the counterfeit area, Ray built his own local dog meme launch platform and pulled it up. This kind of sustainability is not very high, including EOS. It needs to change its name and surname, and it will only start to replace it at the end of May. Referring to the previous matic, basically this kind of ten thousand-year-old turtle can't be raised by changing its name.
In summary, the recent hot topics are gathered on the BSC chain, but currently there is no one online spot stock, only Shangheyue. Regarding the second level view, the meeting in the early morning of the night is still relatively important, and the second quarter is coming soon. The money-making effect in the second quarter is still quite strong at present.
Disk analysis:
BTC Big Cake
Key Position: 83220
The 4-hour level is stable above 83220, and the market continues to rebound. The pressure level is focused on 85120, 86450, and 87500.
If the 4-hour level cannot reach 83220, the rebound is weak and continues to fall, the support level will be focused on 81100, 79900, and 78570.
ETH Ether
Key Position: 1913
The 4-hour level is stable above 1913, and the market continues to rise. The pressure level is focused on 1950, 1988, and 2020.
If the 4-hour level falls below 1913, the pullback begins, and the support level is focused on 1872, 1838, and 1807.
The reason behind the BSC chain callback
The BSC chain is no longer as glorious as it was back then.Once upon a time, Mubarak made the BSC chain popular with a wave of craze for a while, but since yesterday, the situation has taken a sharp turn and a cliff-like collapse has occurred.
Starting yesterday, some currencies on the BSC chain were launched one after another. Everyone was waiting for Mubarak to go online for Binance with anticipation, but in the end it was just a contract.What followed was a sharp drop in market sentiment, and Mubarak's price was almost halved.If CZ does not take new actions in the construction of the BSC chain, it may be stagnant this time.
Overall, altcoins began to show signs of rebound, and funds gradually returned to Zijin, while the trends of big cakes and Ethereum were not satisfactory, which also promoted the inflow of funds into altcoins.
The BSC chain has experienced a callback, which is a good opportunity to increase its position.
The following items are worth paying attention to:
Focus on: Mubarakah, Palu, BID, TUT, AGON
Small position ambush: AVL, ANDY, BLWK, BINK
Jupiter Exchange (JUP): Innovate the trading experience, the price rises strongly
Jupiter Exchange improves transaction execution efficiency with real-time slippage estimator (RTSE).Its mobile application Jupiter Mobile's exchange fee is eight times cheaper than its competitors, and it can still trade blue-chip tokens without saving SOL, attracting a large number of users.JUP's current price exceeds the 200-day moving average of 15,465%, with great potential.Analysis predicts that JUP may rise to US$2.47 in April, or 377.31%.
Jito (JTO): Leading the new trend of Solana's ecological pledge
Jito is Solana's leading liquid staking plan, with over 16.5 million SOL pledges.User pledge SOL can receive MEV rewards, helping Solana network decentralization.Jito also launched the Node Consensus Network (NCN) to fund decision-making markets, injecting vitality into the ecosystem.
PancakeSwap (CAKE): A rising star in the DEX field, with continued value rising
PancakeSwap has exceeded Uniswap's daily trading volume and has become one of the active DEXs.Its token destruction and deflation mechanisms enhance CAKE value.CAKE's current price is above the 200-day moving average and closed higher in 15 trading days in the past 30 days.It is expected to rise 7.27% in March and may reach US$4.00 in April 2025, an increase of 47.04%.
