Altcoin Situation
Market Sentiment: Yesterday, Ethereum underwent adjustments, which led to significant pullbacks in altcoins, resulting in a weakened overall market sentiment.
However, there are still signs of rotation and breakthroughs in hot sectors. In terms of operations, given the existing greed in chasing highs in the market, it is advisable to primarily participate in trading through swing trading methods.
Hot Sector Situation:
Gaming Sector: The representative cryptocurrency in the gaming sector, AXS, has experienced explosive growth, and the related rebound opportunities are worth paying attention to.
Other Cryptocurrency Situations: LINK rose by 10% today, basically recovering from yesterday's drop; TRB remains in a bottom consolidation phase, with its support level around 66. From a short-term perspective, it has certain rebound potential.
Strong Cryptocurrency Situation: Categories such as artificial intelligence, meme, and metaverse cryptocurrencies still have some highlights. As for which specific cryptocurrency to invest in, individuals need to operate based on their personal risk preferences.
Primary Market Analysis
Recently, the heat in the primary market has changed, with the activity of new projects on-chain experiencing a fracture, while the "PUMP" phenomenon remains the main hotspot in the current market.
For the two cryptocurrencies, ACT and GOAT, they are currently still in the stage of bubble digestion. If you want to participate, it may be advisable to wait for ACT to further recover before entering; meanwhile, due to heavy selling pressure, it is recommended to adopt a wait-and-see attitude towards GOAT in the short term.
