January 9, Thursday, good afternoon brothers!

✔️ Market Review and Analysis

The market really plays with retail investors, after a month of correction in December, the confidence built at the beginning of January was completely suppressed in just two days. Starting from the 2nd, it rose but only lasted a week. In just two days, everything returned to square one. I thought Bitcoin would continue to rise after breaking 100,000 USD, but ultimately external factors dragged it down. All altcoins fell sharply, and AI concepts rose quickly but also corrected fiercely. Retail investors chasing highs got trapped. Last night, the market plummeted rapidly, with BTC dropping to 92500 and ETH around 3200. It then started to rebound, but the rebound was weak. As of now, the market price is around 93800 for BTC and about 3310 for ETH. The US stock market is volatile, and the Federal Reserve's minutes suggest a pause in interest rate cuts. Almost all decision-makers believe Trump's policies might boost inflation. Today's market continues to show a trend of fluctuating declines, and the short-term market will require patience! However, we should pay attention to the unemployment rate announced tomorrow. A low unemployment rate will lead to further declines, while a high rate will cause increases. This round of downward trends has some external negative factors, and part of it is due to Powell's interest rate cuts not meeting expectations!

Intraday Resistance and Support

Btc Resistance 94300/95000/95800

Support 93500/92800/92000

Eth Resistance 3350/3420/3500

Support 3300/3250/3200

✔️ Spot Sector and Primary Market

In the primary market, Brother Fish has also been actively participating these days. As I always say, you need to look for opportunities yourself. Timing is crucial, and you must also dig for information sources. Many local projects cannot share, and as the year ends, there are many startup projects, but there are also opportunities to make money. I will reorganize an on-chain primary group in the next few days.

In the spot sector, there is no doubt that this round has essentially returned to square one in just two days. Of course, we can only continue to hold, and any rebound will need Bitcoin to lead! However, considering the current trend, with Trump's administration approaching, it should be positive for the crypto market. Those with more resources might consider accumulating some, while others can just hold what they have. The focus remains on the artificial intelligence sector, which has seen a deep correction since NVIDIA became the world's largest company, and AI concepts will continue to be hyped.

Recently, Brother Fish has been promoting Pingo. This cryptocurrency belongs to the first depin and AI concept on the Ton chain. Currently, its circulating market cap is not large, and it is gradually being listed. The short-term target is above 1 USD, while the long-term view is between 3 to 5 USD. It’s suitable for small capital speculation without engaging in short-term trading.

Other spot concepts can only wait for the market to rise; otherwise, the more you operate, the more you will lose. As the year-end approaches, it is best to minimize activity and aim for a peaceful New Year!