Yesterday, BTC led the overall crypto market to rebound and rise. BTC hit $65,500 and then began to fall. The current price fluctuates around $63,500. The high daily volatility caused the liquidation of long positions of $150 million and short positions of $70 million at the contract level, and the opportunity for intraday trading is relatively obvious.

The US dollar index returned to above 105, the US capital market rose overall, and the Nasdaq rose 1.19%, providing emotional support for the crypto market. BTC ETF received an inflow of 217 million US dollars yesterday, and GBTC had a net inflow of funds for two consecutive trading days. The selling pressure from BTC ETF was announced to be temporarily over. Pay attention to the support level of BTC at 62,500 US dollars in the future. If there is strong support, you can consider buying BTC on dips.

Sector changes: AI sector (NEAR, AR, RNDR)

The AI ​​track is the most resilient and fastest recovering sector in this round of market decline. I have told you many times that when the market falls, the AI ​​sector including the SOL ecosystem must be the focus of bottom fishing.

At this stage, it is not wise to sell at a loss. As long as there is no leverage, just hold on and wait for a rebound. If you have a large position or a heavy position, wait for the rebound to reduce the position a little. Just place the pin order below.

1. SOL stocks that have fallen a lot can be the first choice, 2. meme stocks, 3. stocks that were popular and optimistic before the decline, etc. (AI, fan coins)

Hold on to your positions now. It doesn't matter if it goes up directly. After BTC goes up, the sectors will rotate. Just look for opportunities during the rotation.

Similarly, AI is also a track that VCs collectively bet on in this round. For example, WLD, NEAR, AR and RNDR are all leaders in the sub-sectors of the AI ​​track;

Factors Affecting the Market Outlook

Impact on traditional technology companies: Technology companies continue to deploy AI projects. Recently, there is news that Microsoft is training a new artificial intelligence model MAI-1 internally, allocating more talent, funds, and materials to the AI ​​field. Since AI projects in the crypto market are in the same track, their valuations have room to rise;

Focus on AI narrative: Applications in the AI ​​field need to focus not only on whether the narrative has a high ceiling, but also on the actual demand and user volume of the product. Currently, there are many AI applications that can be implemented in the encryption field, and more attention should be paid to the demand level of the application.

Solana Ecosystem (SOL, KMNO, JTO)

Solana's native token SOL has been rising recently, outperforming BTC and ETH, and the ecosystem is in a state of net capital inflow; FTX's second round of locked SOL auction has ended, and the SOL auction price is between US$95-110;

Factors Affecting the Market Outlook

Contract data: By looking at the contract data, you can understand the trend of the main funds. First, observe the increase in net long positions on the contract; then observe whether there is a net increase in contract longs, an increase in OI, and an increase in trading volume. If so, it means that the main force continues to buy and can continue to hold;

Project's actions: Solana has recently been promoting the concept of Restaking, referring to Eigenlayer to perform objective subjectivity authentication at the consensus layer, which will boost the entire ecosystem.

The sector that needs to be focused on in the future: ETH ecosystem

The ETH ecosystem is in a relatively undervalued state, but with the implementation of ETF information and the advancement of the SEC's prosecution of related DeFi, the ETH ecosystem will be more compliant and have room for layout;

Specific currency

UNI: The first DeFi Swap project on blockchain applications, which recently received the Wells Notice from the SEC, Uniswap will make a self-certification in the near future to form trading opportunities;

LDO: The leading LSD project in the ETH ecosystem, with a TVL of 28.7 billion US dollars and a valuation of less than 2 billion US dollars, is relatively undervalued;

MEME Section

In this round of market, many infrastructure projects with luxurious financing backgrounds have performed poorly after they were launched: Merlin, Parcl and other projects have fallen to the position of pre-market prices, and Meson Network has quickly fallen below 2u a few days after TGE after completing the last round of financing with a valuation of 1 billion US dollars, which is 80% lower than the TGE Price of 10u. The market is no longer keen on investing in "VC Coins", but has focused more on the hype of meme coins.

During the recent market decline, some meme coins have fallen to a more suitable position. Traders who are optimistic about the meme sector can consider starting to collect relatively cheap chips and plan for the next round of meme season.

Specific currency

WIF: A new generation of super-meme coins that have been listed on Binance and Robinhood. Its market value even exceeds that of OP and ARB. It has the potential to reach a market value of over 10 billion, similar to SHIB in the last bull market.

BOME: One of the representative targets of the new round of Solana Meme Season. Currently, 50% of the chips are concentrated on Binance. When the next wave of Meme sector starts to be hyped, there is a high probability that it will break ATH again.

Other popular memes in the mid-range (such as MEW, MANEKI, etc.): MEW and MANEKI have issued a large number of airdrops to Solana mobile phone holders. The generous airdrops have attracted the attention of funds in the Solana ecosystem. The current coin price has more than halved from its high point. Traders who are optimistic that such tokens are expected to break through new highs again can choose to build positions at this time.

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