Altcoin Situation

Market Sentiment: Yesterday, Ethereum underwent adjustments, which led to a significant pullback in altcoins, and the overall market sentiment weakened accordingly.

However, there are still instances of hot sectors rotating and breaking through; in terms of operations, given the market's greedy sentiment for chasing highs, participation in trading should primarily be through swing trading.

Hot Sector Situation:

Gaming Sector: The representative cryptocurrency AXS in the gaming sector has once again experienced explosive growth, and the related rebound opportunities it brings are worth paying attention to.

Other Cryptocurrency Situations: LINK has risen by 10% today, basically recovering from yesterday's decline; TRB remains in a bottoming pattern, with its support level around 66. From a short-term perspective, it has certain rebound potential.

Strong Cryptocurrency Situations: Currently, categories like artificial intelligence, meme, and metaverse still have some highlights. As for which specific cryptocurrency to invest in, individuals need to operate based on their personal risk preferences.

Primary Market Analysis

Recently, the heat in the primary market has changed, with a break in the activity of new on-chain projects, while the “PUMP” phenomenon remains the main hotspot in the current market.

For the cryptocurrencies ACT and GOAT, both are still in the bubble digestion stage. If one wants to participate, it may be worth considering waiting for ACT to further recover before entering; and for GOAT, due to heavy selling pressure, it is recommended to adopt a wait-and-see attitude in the short term.