BTC has now entered the second round of capital absorption, with funds in the market concentrating into BTC.

The decline of altcoins seems to have slowed down, with meme coins like Dogecoin (DOGE) and Pepe appearing relatively stable in price recently, showing little movement downward.

Especially for DOGE, the MACD indicator on the daily chart is slowly approaching the zero axis, which indicates that the adjustment process may soon come to an end. Once the adjustment is over, new upward momentum may emerge.

From the overall market perspective, the second wave of meme coin increases is likely to focus around early January 2025.