BTC has now entered the second round of blood-sucking process, and market funds are continuously converging towards BTC.

The downward trend of altcoins seems to have eased in magnitude, with meme coins like Dogecoin (DOGE) and Pepe showing relative stability in recent price performance, and the downtrend has nearly stagnated.

Particularly noteworthy is Dogecoin, where the MACD indicator on its daily chart is gradually approaching the zero line, a phenomenon that suggests its adjustment phase may soon come to an end. Once the adjustment ends, it is highly likely to usher in a new round of upward momentum.

From a macro perspective of the entire market, the second wave of meme coins' price increase is likely to erupt concentratedly in early January 2025.