I. Bitcoin Trend Analysis
#BTC☀ Market share is showing a downward trend, indicating that some liquidity is shifting towards the altcoin market, leading to a weakening trend for Bitcoin. Yesterday, the Bitcoin price fell below the key level of 95700, triggering the first adjustment in the market. If it cannot stabilize above this level in the short term, Bitcoin may continue its bearish pattern.
Support Levels: 92800 and 90900
Investors need to closely monitor the effectiveness of these key support points; a breach may trigger deeper declines.
II. Ethereum Shows Strong Performance
#ETH🔥🔥🔥🔥 It has performed outstandingly in the current market, despite following Bitcoin through a spike down, it quickly completed a V-shaped reversal, demonstrating strong resilience against declines. In a bull market phase, a rapid rebound after a sharp drop often indicates strong market confidence.
Support Levels: 3365 and 3334
Defense Level: 3300
If Ethereum can hold above the mentioned support, the strong pattern is expected to continue, and short-term investment strategies may prioritize Ethereum and its related tokens.
III. Specific Project Focus
Quality Project Performance:
#sei and #sui: This round of market has shown excellent growth, and is worth ongoing attention.
Japan Training Camp Projects: edu, apt, ygg, iota, and other projects may possess high investment potential due to sponsorship background and development plans.
Notable Trader Dynamics:
Eugene has taken profits on long positions and advises investors to remain cautious. Leveraged long positions can take profits in batches to lock in gains and reduce risk.
IV. Project Progress and Position Dynamics
#FLOKI🔥 Project Updates:
The Valhalla mainnet launch has been postponed to the first quarter of 2025. Considering that February to March is an active period for altcoins, the project team may take the opportunity to release positive news to stimulate prices, suggesting to pay attention to positioning in advance.
Wintermute Position Dynamics:
Position data shows that 64% of tokens are listed on Binance, with NEIRO's share rising to 13.57%, ranking first in holdings.
Investment Advice: Pay attention to such high-share tokens, as their market performance may conceal long-term investment opportunities.
V. Sector Outlook
#DeSci Sector Potential is Outstanding:
In 2024, the DeSci (Decentralized Science) sector is seen as an emerging field, with development potential comparable to the DeFi wave of 2019. It is currently in its early stages, and investors should closely track sector trends and conduct in-depth research to uncover potential opportunities, aiming to benefit during the sector’s explosion period.
Summary:
The current market is in a correction phase, but some strong projects and potential sectors are performing impressively. Investors should defend at key support levels while paying attention to trend changes to flexibly adjust operational strategies.
