A brief review of today's market conditions:
1. BTC Trend: The Bitcoin market has begun to show a pullback, indicating that some funds have flowed into altcoins. Bitcoin has fallen below $95,700, and the initial adjustment has not stabilized at this position, which may continue to weaken in the short term. The current support levels are at $92,800 and $90,900.
2. ETH Performance: Ethereum quickly rebounded after Bitcoin's adjustment, demonstrating strong market performance. Bull markets are often accompanied by sharp declines and rapid V-shaped reversals, so in the short term, it is recommended to prioritize allocations related to Ethereum. Ethereum's current strong support levels are at $3,365 and $3,334, with a defensive position at $3,300.
3. Maldives Sponsors: Last year, Maldives sponsors SEI and SUI performed well, with notable recent gains. Pay attention to the sponsor projects from the Japanese training camp, such as EDU, APT, YGG, and IOTA, as these projects may experience significant volatility in the short term.
4. Advice from Top Trader Eugene: Eugene has closed profits on long positions and recommends retaining some liquidity. Leveraged longs can consider exiting in batches to lock in profits.
5. FLOKI Update: The launch of FLOKI's Valhalla mainnet has been postponed to 2025, with an official launch expected in the first quarter of 2024. The altcoin season in February to March will see many project parties hyping up through positive news during this period.
6. Wintermute Market Making: Wintermute is active in the Memecoin space, with 64% of tokens in the TOP 25 holdings already listed on Binance. The holding ratio of the NEIRO token has surged to 13.57%, making its future medium to long-term performance worth watching.
7. DeSci Sector: 2024 is expected to be a breakout year for the DeSci (Decentralized Science) sector, similar to the glory of DeFi in 2019, making it worthwhile to pay attention to the projects and developments in this sector.
Market dynamics are ever-changing, and the above information is for reference only and does not constitute investment advice.
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