Everybody Holds narxHOLD

$BTC Bitcoin’s price is under renewed pressure, nearing four-month lows as Wall Street stocks tumble and macroeconomic uncertainty intensifies. With BTC struggling to hold $80,000 support, traders are looking at RSI signals for potential bottoming. Bitcoin Faces Renewed Selling Pressure Below $80K Bitcoin (BTC) dropped 4% on March 10, trading at $79,170 on Bitstamp, as market-wide risk aversion weighed on crypto and equities alike. The S&P 500 fell 2%, while the Nasdaq Composite plunged 3.5% at the Wall Street open. The sell-off follows government spending cutbacks from the Department of Government Efficiency (DOGE), which analysts believe could slow economic growth. The crypto markets have erased $1 trillion in market cap over the past two months, wiping out gains from the U.S. Strategic Crypto Reserve announcement. Traders Watch RSI for Bitcoin’s Next Move Market analysts are now watching Bitcoin’s relative strength index (RSI) for signs of a potential price reversal. Previous BTC rebounds occurred when the daily RSI dipped below 28, signaling oversold conditions. What to watch: If Bitcoin forms lower lows while RSI makes higher lows, a bullish divergence could signal a price bottom. Historical data suggests BTC tends to bottom or fall an additional 2–8% from current RSI levels before rebounding. Macroeconomic Data Could Trigger More Volatility With BTC closely tracking equities and macroeconomic risks, upcoming U.S. inflation data (CPI on Wednesday and PPI on Thursday) could increase volatility. Tariff concerns, economic slowdown fears, and tightening liquidity continue to weigh on Bitcoin’s near-term outlook. Q3 2025 could mark a turning point, with expectations of renewed institutional inflows and potential bullish narratives emerging. Final Thoughts: Can Bitcoin Rebound from $78K? Key Risks: Wall Street sell-off and slowing economic growth Bybit hacker-driven sell pressure Weak investor sentiment and cautious institutional flows Bullish Signals to Watch: RSI bullish divergence (Bitcoin bottoming pattern) Stronger-than-expected demand at $78K support U.S. economic data influencing Fed policy, potentially boosting risk assets Bitcoin traders remain cautious but watchful, as a break below $78K could lead to further downside, potentially toward $75K–$72K, while a strong bounce from RSI signals could trigger a relief rally.$BTC

Bitcoin dominance has been on an upward path, signaling a shift in the broader crypto market. According to Benjamin Cowen, a well-regarded market analyst, Bitcoin dominance has broken through 60%, achieving a significant milestone in the market cycle. Cowen’s analysis projects a scenario where Bitcoin firmly establishes its dominance, the market experiences a selloff, Ethereum encounters headwinds, and the Federal Reserve eventually concludes its quantitative tightening (QT). This sequence could set the stage for a market rally before macroeconomic conditions deteriorate later in the year, potentially leading to a recession in 2026, aligning with historical midterm-year bear markets. Bitcoin’s market dominance has maintained a consistent uptrend since mid-2024. It has consistently formed higher highs and higher lows, validating bullish momentum. Following a brief pullback in December 2024, BTC dominance swiftly recovered, overcoming key moving averages and finding stability near 62%. Currently, Bitcoin dominance is in a phase of consolidation , hinting at a potential breakout or correction. The 50-day simple moving average (SMA) at 60.63% is currently acting as short-term support, while the 100-day SMA at 59.05% provides a medium-term cushion. Related: A 60% Bitcoin Dominance Could Shake Up the Altcoins Market – Analyst Meanwhile, the 200-day SMA at 58.80% functions as a long-term support level, a critical demand zone for traders monitoring for entry points. Resistance remains formidable near the 62% level, where Bitcoin has encountered rejection several times. A breakout beyond this threshold could see dominance rise to 63%-64%. However, if Bitcoin fails to hold its support at 60.63%, dominance could decline toward 59.05% or lower. At the current price of $78,726.28 , Bitcoin has fallen by 4.60% in the last 24 hours and 12.71% over the past week. The market’s reaction to these levels will determine its next course. A drop below $73,000 could push Bitcoin toward $70,000 or lower, igniting further market-wide corrections. However, should Bitcoin stabilize and bounce from this level, it could retest resistance at $78,700, potentially spearheading the market’s recovery. Ethereum is currently trading at $1,942.54 , down 4.78% in the past 24 hours. With Bitcoin dominance gaining strength, Ethereum and other altcoins face continued selling pressure. Related: Altcoin Season Watch: Bitcoin Dominance Holds, But Breakout Signals Flash If BTC remains dominant, altcoins may experience sharper losses. On the other hand, should BTC dominance retreat, altcoins could regain strength, opening up new opportunities for investors. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$ZOO it will be hits 0.0001$ at end march! please hold it.

Elixir Network ($ELX) has been on fire, surging +60.19% in the last 24 hours, currently trading at $0.6720! 🔥 But is this momentum sustainable, or should traders brace for a pullback? Let’s break down the key levels and trends. 📌 Key Market Insights 24h High: $0.7654 24h Low: $0.3966 24h Volume: 60.88M ELX Turnover: $27.85M ELX has shown an explosive recovery from $0.0200 to $0.7667, indicating high volatility and strong buying pressure. The question now is: Can ELX hold its gains? 📉 Support & Resistance Levels Resistance: $0.7667 (recent high) Support: $0.4300 (previous consolidation) If ELX breaks above $0.77, it could test $0.85-$1.00 in the short term. However, a rejection here might trigger a retest of the $0.43 support zone. 📊 Technical Indicators MA(5): $0.5174 📈 (Bullish crossover) MA(10): $0.4719 MA(20): $0.4866 The moving averages are aligning bullishly, suggesting continued upward momentum if volume remains strong. 🚀 Bullish Case ELX is holding above key moving averages Strong volume indicates continued interest A breakout above $0.77 could lead to new highs ⚠️ Bearish Case A pullback is possible after such a massive pump If support at $0.43 fails, ELX could retrace lower 🎯 Conclusion ELX is showing strong bullish momentum, but traders should watch resistance at $0.77 closely. Breaking above could fuel another rally, while failure to hold may lead to a correction. 🚦 Keep an eye on volume and price action to confirm the next move! 👉 What’s your take on ELX? Bullish or Bearish? Drop your thoughts! 📢 $ELX

🚀 deUSD HodlerYield newly launched! The deUSD Holding Reward Event is now live. Hold deUSD to automatically earn additional deUSD rewards! Trading can also receive additional incentives with earnings increased by 50%! 🔥【Income Highlights】 1. Holding equals earning, with tiered APR reaching up to 15% - Hold deUSD to easily earn extra income. - Unlock 15% APR with a spot trading volume of ≥ 500 USDT for the day; otherwise, enjoy a basic 10% APR - Daily tiered incentives, rewards are automatically distributed, not to be missed! 2. Low threshold, high return, everyone can participate - The minimum effective holding is only ≥ 1 USDT - The maximum daily effective holding is counted up to 500 deUSD, the excess part is not included in the reward calculation 3. Flexible and free, no lock-in pressure - The deUSD holding reward activity requires no lock-up throughout, and assets are available anytime - Snapshots are calculated automatically, and daily rewards are distributed to the spot account the next day, making income transparent and efficient 📅【Event Time】 - Event pool: 300,000 deUSD - Holding statistics start time: March 11, 2025, 00:00 (UTC+8) - Holding statistics end time: TBD 📌【Participation Method】 Simply hold deUSD in a Bitget spot account (main account, regular sub-account, regular virtual sub-account) to automatically earn additional deUSD rewards! 💡【Why choose the deUSD holding reward event?】 ✅ Holding earns income, simple operation, zero complicated process; ✅ Tiered incentive mechanism, active daily trading can enjoy high returns; ✅ High liquidity, assets can be traded or participate in other activities at any time, maximizing capital utilization rate; ✅ Transparent and open, snapshots are automatically counted, rewards are distributed daily, ensuring fairness and justice! Come and participate in the deUSD HodlerYield event to jointly open a new chapter of deUSD holding rewards, release asset potential, and maximize returns! 🔗 For details of the event, please see: https://www.bitget.com/events/holderyield #Bitget #HodlerYield #deUSD