March 29, 2023 Grandpa clocked in
Something unexpected happened on the other side of the country last night. Signature Bank and Silicon Valley Bank, which were rumored to have been hit by thunderstorms a while ago, suddenly saw their stock prices plummet to close to zero, catching investors off guard. The reason for the 99% plunge was delisting and conversion to over-the-counter OTC. Although it was taken over by a big bank before, the so-called assets were probably only enough to repay deposits, or even insufficient. Therefore, the bank that took over chose bankruptcy liquidation to protect the interests of depositors. It was the Federal Reserve that spoke, but delisting was in compliance with business rules. This wave killed shareholders and some secondary investors. So far, the bank run crisis has not completely subsided. This move feels like a strong man breaking his arm, but in my opinion, no matter how he does it, the hidden danger has been laid.
In terms of the market, the market has now returned to near the previous high of the daily line after pulling up, and the short-term correction has been swept away. Of course, it is hard to say whether it can break through to a new high this time. After all, there is no pressure or consolidation (a slap in the face) Yesterday's short-term judgment). However, it should be noted that regardless of whether this rebound can reach a new high, the next April will be a volatile upward market. The reason has been explained many times in a series of recent articles. The rise breaks through and the fall is limited, including the last time it fell back to 20,000. They all pulled back in a short period of time, which shows that the main force cannot give too many opportunities for low-cost chips, so the first thing is to hold on to the low-cost chips in our hands.
In addition, judging from today's price increase list, mainstream and copycats are no longer as lifeless as before. Part of the increase is ahead of the big pie. Part of the reason is that there was too much decline before, which led to a larger rebound. The other part is that in recent times, mainstream and copycats have They are all hovering at the bottom near the previous low, and there has been no larger breakout or decline recently, indicating that there are already main players collecting chips at this position. Regarding mainstream and copycat, my attitude has always been that it can be configured. I have given a relatively positive answer to all the private messages asked in the past two days. The only thing that needs to be done is position management.
#ID and #ARB have attracted a lot of market attention recently, so let’s talk about them as well. First of all, both of these are targets with intrinsic value. As for ID, the domain name is continuing to generate revenue, and ENS can be used as a benchmark. It is also on the BN Launchpad. The popularity and funds are good, but there is no short-term empowerment, so in my case It seems that the short-term increase is limited. If you have the currency, you might as well go for the pending order band. If you don’t have the currency, you don’t need to pay attention. The value of ARB is more intuitive and real, and the public chain has strong narrative capabilities. There has been a lot of capital support recently. The biggest certainty is that there is no empowerment, and the GAS consumed is two pieces. This model is currently a bit similar to UNI. However, in my opinion, ARB can be held for a long time. After all, from the perspective of circulating market value, there is still room for gain. On the contrary, assuming that the market does not fall, its room for decline may be relatively limited, and it is around 1 There is support.
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