The market sentiment of buying the bottom around 25,000 gradually increased, but as the market rebounded, this sentiment became less and less. At present, the market is stable around 26,000, but under low trading volume, any stimulating news will cause the market to collapse again. The unstable factors in the global risk market, any problem with any of them, can not only bring about a financial crisis, but at least it may stimulate the crypto market to fall again.

Currently, the Bollinger Bands of Bitcoin at the 4-hour level have begun to tighten gradually. In the next 1-2 days, we can see whether the market will continue to fall or rebound slightly in the short term.

Trend Direction

The general trend is still bearish, not only technically but also news-free. The market currently does not have too many positive factors to save the market. Any small positive factors can only make the market rebound a little, nothing more.

Trading straregy

Be more stable and wait for the trading volume to slowly increase in the afternoon and evening, then set a high position to short, and take the rebound short to make more profit space. Because the market volatility is small now, if you open a position blindly, you may make less profit in a small volatility, or even get stuck. It has to be admitted that this will greatly affect the mentality of traders. So in this sluggish market, we only have two best options, one is to hold a profitable position, and the other is to short.

The following are the strong currencies that I personally am optimistic about. You can consider ambush them when they pull back to the right position.

INJ: Foreign countries are really enthusiastic about this project, and the market is very solid. This round of decline has not broken the support, and the rebound is very strong. Although the bottom has risen by nearly 8 times, the entire market value is still relatively low. 6.6 is still a relatively strong short-term support (you can consider entering the market)!

OP: Compared with ARB, it is much stronger and knows how to play the narrative. The risk of unlocking the chips seems to have been eliminated. In addition, the base chain is based on OP, and the base itself has no plan to issue tokens. Everyone can only play OP. I was optimistic about ARB before, and now OP knows how to play better. The support near 1.3 is still a good position to open a position.

YGG: The market has been washed back to the starting point. I can only say that this dealer is high, really high. You can consider entering the market around 0.2.

Unibot: This new track target has risen too fast before, with an increase of more than 10 times since its launch, and the project experience is very smooth, which can be regarded as a decentralized innovation, and can be understood as a more enhanced version of Uni. If this wave of decline gives a chance near 120, there may be a greater chance of doubling back to 240.

SOL: This is targeted by big institutions, and they all say it has the potential to create another glory. After the oversold due to the FTX incident, it rebounded very quickly. I am more optimistic about the position within 20. The total volume is determined, and there is the sudden emergence of chain games and the accumulation of users. Personally, I feel that this is the public chain that is most likely to succeed in the field of games.

In the new round of trends, which new sectors are worth paying attention to?

Web3 is a big sector

1. Infrastructure

Storage is obviously not a new sector, but it is one of the infrastructures of Web3. Compared with the public chain, the public chain is too complicated, while storage does not seem to be that complicated.

But it is important to note that expectations for storage tokens should not be too high, because not only is this an old track, but tokens have also been hyped up in the past.

(II) Supporting facilities

DID is a Web3 supporting facility. If you look at Defi projects by TVL, then the Web3 ecosystem should be based on the number of valid participants. DID provides identification for participants and uses KYC or other methods to mark valid users.

Domain name projects like ENS and ID can also play a role in identification. After all, domain names need to be purchased, and the cost is used to increase the participation threshold, while domain names are used to mark users. wld also belongs to the DID concept

(III) Application

The web3 education ecosystem has not yet developed. Binance has launched two education projects, one is HOOK and the other is EDU.

X to earn (X2E) is also a kind of web3 application. It should be noted that the dividends of such projects are relatively high in the early stage of participation, and there may be losses if you participate late. Investing in X to earn tokens should be very cautious, because in the long run, the tokens may be continuously released.

And we should participate in X to earn that suits us. Those who like sports can participate in sports, those who like reading can participate in reading, and those who are willing to learn can participate in education... stepn ( GMX )#read2n( RCM )

Cross-chain bridge

At present, the more well-known cross-chain bridge is LayerZero. Recently, many friends have been interacting with it. This project may have an airdrop. LayerZero is a full-chain interoperability protocol designed specifically for lightweight cross-chain messaging.

It can support many public chains such as Ethereum and BSC. Moreover, it also provides support for non-EVM chains such as Aptos. Previously, LayerZero was a highly sought-after cross-chain protocol.

LSD

Among all protocols, the TVL of LSD protocol is the highest. You should know that there are many L2 L1, but there are not many meaningful LSD protocols. Moreover, whether it is Layer2 or Layer1, LSD is their common infrastructure. The protocol with the highest TVL is Lido (LDO), which has a TVL of 2.5 times that of the second-ranked (makerdao)

Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.