Bitcoin once approached $100,000 over the weekend, just a stone's throw away from the "dream mark", but failed to break through due to strong selling pressure in the market. Then at 1 a.m. last night, the price of Bitcoin fell back to $95,734, and the current price has risen to $98,000.

This price correction is not surprising, especially as small fluctuations are normal in the process of setting a new historical high. The bull market process does not happen overnight, and it is very likely to be a bubble if it is pulled up directly. After all, a healthy rise is definitely not a continuous rise, but requires upward movement platform by platform.

FTX will launch a restructuring plan at the beginning of next year.

Here's some good news: FTX plans to start restructuring at the beginning of next year, expecting to allocate about 16.5 billion dollars in compensation to previous users.

This money will be directly compensated to small retail investors, thinking that these compensation funds will flow into the market. Plus, since it is currently a bull market, the market will welcome another wave of liquidity for old users in the crypto circle. So brothers, don't be afraid of the pullback; it's also an opportunity for us to get on board while clearing positions.

Heavy selling pressure, is 100,000 dollars the 'ceiling'?

Let’s talk about the results first: 100,000 dollars is not the ceiling!

As Bitcoin approaches 100,000 dollars, it faces layers of selling pressure. Although bulls have tried to break through the strong sell orders below 100,000 dollars, a large number of 'fake orders' appeared over the weekend, which are false sell order liquidity walls deliberately inducing the price to test support levels.

Such 'fake order' behaviors often occur during low market liquidity periods, forcing trading bots to sell assets and further lower prices. However, Bitcoin has formed strong buying support at 95,000 dollars, while the current 'key low point' is at 96,000 dollars.

Currently, Bitcoin shows signs of weakness, but there is no concern about a significant pullback. In the short term, pay attention to the 4-hour level; if it returns to around 96,000 again, it may pull back to around 90,000. However, such a pullback is healthy, so don’t be scared.

I mentioned before that below 100,000 there won't be a major pullback, as catalysts like interest rate cuts still exist, and the overall trend has not changed. The current market situation is awkward, but with FTX compensations and that man taking office next year, bringing a series of favorable policies for the crypto circle, along with neutral interest rates around 3-3.5, releasing a lot of liquidity will truly bring in off-market funds. At that time, it may push up to six figures, around 150,000!

Regarding altcoins:

The current phase is still the cycle of sector rotation, with funds gradually flowing into altcoins, and the script for the altcoin market is becoming clearer.

After the MEME sector ends, it will rotate to the old coins of the major public chains, followed by the metaverse and some DeFi, with stories of tripling in ten days being common. This wave of old coin rotation has not ended yet; the old rogues who have endured for several years need to cash out.

Old coins are just the appetizer of this wave of altcoin season, while the real protagonists of the altcoin season are quietly raising the water level. Every bull market's crazy performance of altcoins occurs during the acceleration phase of Bitcoin's rally.

So how do we grasp the rhythm of the bull market?

Layout leading sectors in advance: when investing, prioritize those with clear narratives and solid technologies, such as leading public chains and exchange platform tokens.

Tracking the narrative fermentation time: MEME, gaming, and other fields usually require some time to ferment. Find the right moment to initiate before following up, to avoid chasing the rise.

Pay attention to the rise of emerging tracks: projects like BTCFi and RWA, which combine with traditional assets, may become the next rotation hotspot.

Dynamic position management: In a rapidly changing market narrative, it is important to set reasonable take profit and stop loss levels to avoid heavy positions in a single track.

Every market pullback you see as fear, I see as opportunity. Now, as Bitcoin pulls back while altcoins also drop, it is also an opportunity for us to get on board!

Currently focusing on the following sectors:

1. Meme Sector

Doge

Definitely worth paying attention to, and I have always been optimistic and involved. Under Musk's continuous support, Dogecoin has clearly attracted massive inflows of funds, showing strong momentum.

2. Ethereum Ecosystem

Uni

Decentralized exchange leader, stable position, and market fluctuations do not affect long-term potential. The public chain will go live later this year, and node operators will need to stake UNI, which will be used as gas for the public chain.

Ldo

Liquidity mining has its characteristics, with a low market cap but strong liquidity, worth paying attention to. SSV, Pendle, and other Ethereum ecosystem projects each have their own features, involved in finance and mining.

3. Sol Ecosystem

Ray

Decentralized stablecoin protocol, strong competitiveness and growth potential. New stars like jup and jto in the Sol ecosystem can navigate both finance and gaming.

4. AI Sector

Fet: A leader in the decentralized AI data market, strong in capability and with significant growth potential.

Arkm: Provides intelligent investment solutions for the market using AI technology, professional and reliable.

5. Public Chain Sector

ADA:

One of the representatives of the third-generation public chain, with a large inflow. Ada initially surged due to the founder's relationship with Trump's campaign team. It has broken above the 1 dollar mark for the first time since April 2022.

SUI:

Sui is a Move-based public chain known for high-performance transaction processing, with architecture updates and strong growth momentum. Its technology and ecosystem are relatively new, backed by a strong team. If it continues to expand its applications and ecosystem, it may see a significant rise.