#LINK forming a small triangle pattern and reached the key support zone as expected. Well, if market remains stable then we can expect more up move from here till resistance around $16.8.

What Is Winding Down?

In decentralized finance (DeFi), winding down is the process of unwrapping tokens back to their original form, which involves multiple platforms as well as other tokens.
For example, if a user is holding $fSNOW and wants to return it to its original form of $USDC, they will need to go through several complex steps.

First, the user will need to take $fSNOW from the Snowswap exchange and redeem it for $fUSDC on a platform like Harvest Finance, an automated yield farming protocol. From there, they will be able to exchange $fUSDC for $USDC.

In other words, the difference between winding down and a simple token unwrapping is that the former involves multiple tokens along the way, while the latter is an action that typically involves the usage of just two tokens.

#ETH gave a break as said it weak now, and had a strong drop lower with a retest reaching the major support nearly. The $1740 is the 1st area to be held and next area at $1700. Market still looks bearish and can dip one more time.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, created the new lower low and had a retracement back tot he market structure point. Now, price can rejected from here and move further lower but fundamentally price can move further higher due to institutional buying.

#VANA dropped further lower around 38% in profits, as said also buys are weak. Price now flipped the zone again forming a Inverse Head & Shoulder pattern can move higher but $6.34 area can be a rejection area.

From February 26th to March 3rd, investors acquired over 150,000 coins (0.76% of circulating supply, worth $14.2B) in the 'air-gap' region below $86,000. As prices now trend back toward this zone's upper boundary, it's uncertain whether investors holding positions above $90,000 will use this rally as an exit opportunity to minimize losses.

What Is Winding Up?

In decentralized finance (DeFi), winding up essentially means wrapping crypto tokens through various projects in order to find the best yield.

Wrapped tokens are those which natively live on another blockchain, such as Ethereum, and bring interoperability throughout the DeFi space. The introduction of wrapped tokens initially started with Ethereum and its ERC-20 token standard. Today, there are many more, for example, wrapped Bitcoin (wBTC), which began with Bitcoin and is now used in countless DeFi applications on Ethereum.
For crypto holders to get the best yield for their tokens, they need to go through a number of oftentimes complex steps.

For instance, if a crypto holder starts with wBTC and wants to get Interest-Bearing BTC (ibBTC), then they will need to deposit it first on Curve Finance. From there, the user will receive an LP token which they can take to Badger DAO and mint the desired ibBTC.

Similarly, if a user starts with USDC and wants to get $SNOW, then they first need to deposit that USDC on Harvest Finance, an automated yield farming protocol. From there, Harvest Finance will return fUSDC as proof of deposit. Lastly, the user deposits their fUSDC to Snowswap in exchange for $fSNOW.

This is what, in essence, winding up means.

Here's the Analysis of #ENA :

#ENA is been moving in a very steep way lower and moving within a range of $0.35 - $0.37 as strong support and $0.48 - $0.50 as Strong Resistance. Support is broken and can move further lower, so shorting can be done with smaller lots.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on WEEKLY TF, had a very strong closing previous weekly and this very there's barely any movement other than short term retracement. might push little move up and mid-week and dump is expected.

#DXY UPDATE :

#DXY barely move this week any where and now retesting the zone a resistance, which gave a relief to the market slightly. If it fells from here then we can see further push in prices.

Here's the Analysis of #RUNE :

#RUNE moving the consolidation range and rejected from the resistance area of $1.40 - $1.44 and Strong Support Area of $1.07 - $1.10. Price looks strongly bearish and can move further lower.

#BTC gave a bullish candle close and not a strong bullish yet. Price in H4 flipped below the zone and nothing clear yet, so let it clear something more further to make a clear bias.

#US30 UPDATE :

#US30 moved perfectly and move towards the 41,000 area and even more. This a fantastic move to be caught and moved 8.8% in favor. In you haven't books its time to make some profit booking and move stops to breakeven.

Small Chunk of #BTC bought

Despite the severity of the correction, the magnitude of the drawdown remains in line with previous drawdowns this cycle, with Bitcoin trading -28% below its ATH. This highlights the relatively robust demand picture Bitcoin has seen during the 2023-25 uptrend, which has been characterised by shallower drawdowns when compared to prior cycles.

Whilst -28% is a large drawdown in 2023-25, a typical drawdown in 2017 was over -30%, and the 2019-21 cycle saw multiple -50% declines.

Here's the Analysis of #ADA :

#ADA forming a small triangle pattern and trading below the strong resistance area of $0.74 - $0.76 and can move further lower. A breakout will proper decide the market directional bias so the trade after the break.