ena4.11 Market Analysis
Risk Analysis of the Impact of the Iran-Israel Conflict on BTC:
Recently, the Iranians have been making trouble and launched large-scale missile or drone attacks on Israel.
US officials said that if Israel is attacked by Iran,
the United States may jointly launch a retaliatory strike with Israel.
If the conflict intensifies, it will be bad for the cryptocurrency circle.
For two reasons:
(1) Rising risk aversion: The outbreak of war usually triggers market risk aversion, and investors will sell risky assets and turn to buying safe-haven assets such as gold and the US dollar. This may cause BTC to fall.
(2) Rising crude oil prices: The Middle East is the world's major oil-producing region, and war may disrupt crude oil supply and push up oil prices. Rising oil prices will increase inflationary pressure and be unfavorable to risky assets.
BTC is still a risky asset, unlike gold, so it is still easily affected on the way up.
BTC fluctuates at a high level. The US SEC plans to sue Uniswap, and the DeFi sector is suppressed. US stocks plummeted, and the US dollar index soared. The US CPI in March continued to rise higher than expected, and the expectation of interest rate cuts was postponed.
The secondary market requires that the focus be on the position of 69,400. If it does not fall below, it will still go up for a small increase. Where will the increase be? The upper resistance line is still 73,100, but the general direction is still upward, fluctuating upward. It is also at a critical time node. What we are facing next is the realization of a favorable halving. Therefore, we can neither be fully invested nor short invested, and make corresponding strategies.
Market hot spots:
1. Today, the plain text sector still began to move, because today on the 11th, Ordi will be listed on the CB exchange
2. The stable ENA rose sharply, and TVL grew rapidly. At present, the fastest growing projects of TVL are Renzo, Pendle, ENA, and Zircult. Renzo and Zircult have not yet issued coins.
3. Fan coins such as ASR and JUV rose sharply. The European Cup football match will be held.
4. Runestone and PUPS of BTC Rune Ecosystem rose sharply, and the exchange rate of Runestone was close to breaking 1. OK means support for the Rune Protocol.
5. The ton chain ecological currency notcoin will be issued soon. notcoin is a free mobile phone mining, with 30 million users and 5 million daily active users. The market value of the ton public chain is in the top 10
