Morning Report: The price difference between Bitcoin at 97,000 and 93,000 is no longer important, and concerns about altcoins are no longer an issue for Bitcoin's sharp decline. The current market is supported by Ethereum, with most projects on the rise being Layer 2 projects within the Ethereum ecosystem. December and January will enter the altcoin season, with projects like Chain Oil, Shafali, AXS, etc., only having a two-day surge before stagnating, showing weak continuity. Today's pullback may just be a short-term consolidation, and there is hope for another rise tomorrow.
Currently, there is no significant profit effect, and the SOL ecosystem remains optimistic, with projects like PYTH, TNSR, JTO, JUP expected to rise with Ethereum's performance. Coins that performed poorly in the last wave may have a chance for recovery in the next wave. Each project’s stakeholders will not miss out on the bull market; the key now is to wait for Ethereum to stabilize at 3,500 before pushing towards 3,800-4,000, at which point the altcoin market will fully activate. Maintain existing positions, and only consider adjustments if there is a clear rotation among sectors.
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