The market trend is as follows:
Bitcoin (BTC) fell sharply, driving the market down across the board. The market's rebound phase has ended, and the main decline has begun. The German government sold off over the weekend.
At the same time, U.S. stocks rose, mainly because Powell hinted that there would be no interest rate cuts for the time being.
Market hot spots are analyzed as follows:
BTC inscription Sats rebounded from oversold. Unisat is empowering Sats, realizing the Gas redemption promised last year, and plans to become Fractal Bitcoin (FB) in the future. However, BTC's Layer 2 overall narrative seems insufficient.
BN new coins Not, Saga and DYM showed signs of rebound. After each sector basically rebounded in turn, the market re-entered a downward trend.
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