Under the influence of Bitcoin's phase adjustment, altcoins overall fell yesterday. If your coins have recovered from yesterday's drop today, it indicates their strength; otherwise, you may need to consider adjusting your portfolio.
1. The oracle sector's TRB has clear support around 65, worth watching;
2. The inscriptions sector is dominated by Ordi, Sats has passed its hot phase and is showing weakness;
3. The gaming sector remains strong, AXS has room for further operations, and is currently in an adjustment phase.
4. ENA quickly rebounded to 0.6 after correcting to 0.55 yesterday, preparing to challenge 1 dollar.
5. Regarding the MEME sector, CZ pointed out that funds are flowing towards the VC sector, which aligns with my previous analysis. Recently, attention should be focused on the VC sector, as following the flow can gain market advantages. TikTok memes popular on the SOL chain have a strong dissemination effect and have become hot topics. At the same time, AI-related memes are also favored by the market. Opportunities are continuously emerging on the Base chain, and recently Golden Dog has shown strong performance, making it worth closely following.
6. Public chains are performing relatively strongly. If you missed other small coins, there's no need to chase them, especially those controlled by dog investors; chasing after them is meaningless. Just focus on public chain projects like $SUI, $POL, $ICP, $ALGO, etc. In terms of DeFi, pay attention to high-quality leading projects.
The last Friday of every November is 'Black Friday', a shopping festival in the West where many retail investors withdraw their money to spend, leading to capital outflow in the crypto circle. Although the total amount of this money is not much, many people anticipate a correction and sell in advance, which increases the magnitude of the correction.
Looking back at last year's 'Black Friday' market, the correction was 16%. This year's correction may be slightly smaller.
In the last cycle, after Black Friday, Bitcoin's price corrected but then slowly rose again, and it wasn't until two weeks later that it began to rise sharply. This time might be similar.
What should we do now?
Buying value coins at the bottom, waiting for the Federal Reserve and others to enter and pull the market.
Of course, if the value coin correction can lower your average price, go in boldly!
PNUT
There is strong support around 1, which has not been broken yet; this position is crucial for most people to hold. Spot can continue to be held. $ACT has returned to the opening price, and today's trend is clearly stronger than $PNUT , so it's recommended to continue holding. As the end of the month approaches, dog investors may conduct a washout. If Bitcoin breaks below 90,000, the market may adjust again and undergo a deep clean.
MKR
The leading platform in the lending sector $AAVE has surged again, nearing a recent high. MKR in the same sector also performs relatively well, steadily rising. It retraced to the 7-day moving average yesterday, and the technical aspect has been repaired, now stabilizing. Do you think there will be an opportunity? There is some selling pressure near the 2200 point above, but breaking through 2100 shouldn't be a problem, right?
DOGE
Little Cat once suggested entering at 0.1u in October $DOGE , and completely liquidating at 0.41u on November 20th, the day of the Starship launch. Although it wasn't sold at the highest point, a fourfold increase is satisfactory enough. Currently, Dogecoin needs to wait for a deep correction, and a new round of rising is expected around January 20th when Musk takes office as 'Doge Minister', possibly starting earlier in early January.
That's all for today's article. We are currently in a bull market, with the winds swirling. We share codes every day. If you're unsure how to act in a bull market, feel free to follow, as we share strategies for spot trading in a bull market without charge.
