The market has not yet recovered from the By-bit hacker events, where a new crisis emerged as quickly as a tsunami. In-fini has suffered a massive theft of up to 50 million dollars, and most frustratingly, the thieves immediately converted this amount to Ethereum and sold it like crazy, causing the market to incur significant losses once again. Bitcoin dropped by one percent, and there was a major collapse of 10% in network currencies, with Ethereum performing extremely weakly, despite appearing strong at the end of each weekend, sparking high expectations for investors of an imminent rise, but reality disappoints them repeatedly. Many friends are discussing this issue with concern, will this trend not rise again? Does the old rule apply that a long rise is followed by a definite drop in this volatile trend? Actually, not so, currently, the trend seems to resemble a temporary consolidation. So, there is no need to fear, but we should be optimistic and excited. Friends holding empty positions can rejoice in secret, lick their lips, and carefully execute buy orders on the dip. February quietly entered its end, leaving only a little week, making hope for the performance of this week extremely difficult. However, starting next month, the quiet market resembling a dead lake may see significant changes. As they say, what goes up must come down, covering both the time and spatial aspects here.
💎 💎 At the end of this week, the core PCE data for January from the United States will be announced, which will undoubtedly be among the points that the market focuses on. The core PCE is considered crucial inflation data that the Federal Reserve attaches great importance to, and compared to the Consumer Price Index and the unemployment rate, it can more accurately reflect the real situation of the US economy. If signs of a decline in this data appear, the tense market nerves may relax, and investor sentiment may improve significantly. In addition, when we talk about the inflation problem in the United States, the situation in the Russia-Ukraine war is also a key factor that cannot be ignored. It is clear from the current situation that there is a possibility of a ceasefire in March. If this beautiful vision is realized, it is certainly big news for the market. Because a ceasefire between Russia and Ukraine can significantly alleviate inflation pressures in the United States, and perhaps even achieve the positive balance resulting from Trump's tariff policy, which is very conducive to the Federal Reserve's implementation of future interest rate cuts. If expectations of a significant interest rate cut rise, it is unlikely that the market will see a downturn, but it may welcome new opportunities for development. 💎 💎 From the perspective of market sentiment, we have already entered an extreme state, and it is highly likely that we are approaching the bottom area. By looking at the trading rate and volume, the trading rate is at a very low level, and the trading volume continues to decline, clearly indicating that the market has now entered what is known as the "garbage" period from the bottom. In this case, most investors choose to hold onto currencies and observe, and are not ready to easily engage in trading again. The market is eagerly awaiting when the Federal Reserve will be able to inject a large cash flow, and when the expansion will begin in the schedule, as they closely monitor when the strategic reserve law will officially start to decline. It should be noted that there are currently more than 30 states actively working to strengthen the legislative work of the strategic reserve, and there are 8 new states compared to last week. Once one of the states adopts the relevant law, the other states will surely follow suit. According to estimates, these states are likely to invest more than 300 billion dollars, which will undoubtedly represent a strong boost to the market, and will enhance the market with vitality and new opportunities.#PI Price Trend Analysis##Sonic (S) Price and Ecosystem Growth##ETH Price Recovery#
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The market has not yet recovered from the By-bit hacker events, where a new crisis emerged as quickly as a tsunami. In-fini has suffered a massive theft of up to 50 million dollars, and most frustratingly, the thieves immediately converted this amount to Ethereum and sold it like crazy, causing the market to incur significant losses once again. Bitcoin dropped by one percent, and there was a major collapse of 10% in network currencies, with Ethereum performing extremely weakly, despite appearing strong at the end of each weekend, sparking high expectations for investors of an imminent rise, but reality disappoints them repeatedly. Many friends are discussing this issue with concern, will this trend not rise again? Does the old rule apply that a long rise is followed by a definite drop in this volatile trend? Actually, not so, currently, the trend seems to resemble a temporary consolidation. So, there is no need to fear, but we should be optimistic and excited. Friends holding empty positions can rejoice in secret, lick their lips, and carefully execute buy orders on the dip. February quietly entered its end, leaving only a little week, making hope for the performance of this week extremely difficult. However, starting next month, the quiet market resembling a dead lake may see significant changes. As they say, what goes up must come down, covering both the time and spatial aspects here.
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💎
At the end of this week, the core PCE data for January from the United States will be announced, which will undoubtedly be among the points that the market focuses on. The core PCE is considered crucial inflation data that the Federal Reserve attaches great importance to, and compared to the Consumer Price Index and the unemployment rate, it can more accurately reflect the real situation of the US economy. If signs of a decline in this data appear, the tense market nerves may relax, and investor sentiment may improve significantly. In addition, when we talk about the inflation problem in the United States, the situation in the Russia-Ukraine war is also a key factor that cannot be ignored. It is clear from the current situation that there is a possibility of a ceasefire in March. If this beautiful vision is realized, it is certainly big news for the market. Because a ceasefire between Russia and Ukraine can significantly alleviate inflation pressures in the United States, and perhaps even achieve the positive balance resulting from Trump's tariff policy, which is very conducive to the Federal Reserve's implementation of future interest rate cuts. If expectations of a significant interest rate cut rise, it is unlikely that the market will see a downturn, but it may welcome new opportunities for development.
💎
💎
From the perspective of market sentiment, we have already entered an extreme state, and it is highly likely that we are approaching the bottom area. By looking at the trading rate and volume, the trading rate is at a very low level, and the trading volume continues to decline, clearly indicating that the market has now entered what is known as the "garbage" period from the bottom. In this case, most investors choose to hold onto currencies and observe, and are not ready to easily engage in trading again. The market is eagerly awaiting when the Federal Reserve will be able to inject a large cash flow, and when the expansion will begin in the schedule, as they closely monitor when the strategic reserve law will officially start to decline. It should be noted that there are currently more than 30 states actively working to strengthen the legislative work of the strategic reserve, and there are 8 new states compared to last week. Once one of the states adopts the relevant law, the other states will surely follow suit. According to estimates, these states are likely to invest more than 300 billion dollars, which will undoubtedly represent a strong boost to the market, and will enhance the market with vitality and new opportunities.#PI Price Trend Analysis##Sonic (S) Price and Ecosystem Growth##ETH Price Recovery#