Since entering the circle in 2016, many coins have tried to replace Ethereum as the second position, but ultimately have been fleeting. Ethereum's DeFi applications, lending, and decentralized exchanges are all based on the Ethereum chain. Global consensus is there; its position cannot be easily shaken. Additionally, with Ethereum ETFs, Americans have been buying and accumulating a large amount of bottom chips. It cannot always be dragged down. Everyone should not panic; currently, it is just Bitcoin's solo bloodsucking, and the altcoin season bull market has not yet taken off. Sooner or later, it will be the second to drive the altcoins to soar.

To summarize the morning highlights:

1: BTC had a false breakout last night and then hunted down, a behavior to lure longs. Looking bearish in the short term, support below is at 103,333. If it breaks down significantly, a larger drop will come. A large number of whales have accumulated over 150,000 BTC at $98,133, becoming strong support during the decline.

2: ETH support at 3,834-3,790; if support is seen, boldly enter long, with a stop at 3,765.

3: SOL is consolidating in a downward channel on the daily chart; patiently wait for a breakout for a big move. Buy at 217, 213 with a position of 5.5, stop at 211.

4: Yesterday noon, the founder of Three Arrows Capital tweeted, closing his long position on ETH at $4,029 to switch to a long on SOL at $219, which surged to a high of $229. Short-term performance is indeed impressive.

5: For leveraged long positions, Ethereum is the first choice, with the opportunity to challenge the previous high of 4,800.

6: Altcoins are expected to have one more explosion; Bitcoin's bloodsucking market does not mean the end of the market.

7: January 20th, before Trump's inauguration, may be a short-term peak in market sentiment.

8: Bloomberg's senior ETF analyst expects to launch various cryptocurrency ETFs next year, with the third coin LTC being the first choice; Litecoin will take off.

9: Tonight at 3 AM, the Federal Reserve will discuss interest rate cuts. Pay attention‼️ Volatility.