November 26

Market Trend Analysis

--Bitcoin (#BTC☀ ): The daily chart shows a downward trend, with altcoins generally retracing accordingly.

--MicroStrategy's increased holdings have a diminishing impact: This month, MicroStrategy added an investment of $5.4 billion, only driving Bitcoin up about $1,000, far less than the previous $4.6 billion which pushed the price from $70,000 to $90,000, indicating a decline in market absorption capacity.

External Market Dynamics:

--U.S. stocks recorded an increase.

--The U.S. plans to impose tariffs on China, Canada, and Mexico.

--The Federal Reserve may initiate interest rate cuts or adjust related economic indicators, requiring attention to subsequent impacts.

Market Highlights

Ethereum and Ecological Projects:

--The price increase of #ETH🔥🔥🔥🔥 has driven ecological projects (ENS, LDO, SSV, RPL) to strengthen.

--Bitcoin's market share (dominance) continues to decline, indicating that altcoins may perform better than Bitcoin in the coming months.

New Altcoin Rebound:

--#PNUT , #ACT : Stopped falling and rebounded, new altcoin enthusiasm remains high.

--PNUT founder's new project encounters a cold reception: The recently launched "Justice" project has low market recognition, similar to the previous market reaction to PEPE, failing to spark strong demand.

Meme Domain Dynamics:

--Popular Projects: "Cheer" and "Why the Crash" and other Meme projects based on Binance Smart Chain (BSC) have drawn attention.

--Binance Market Characteristics: Historical data shows that new contracts opened on Binance often coincide with market declines, while launching spot trading is more likely to drive prices up. #meme板块关注热点

Summary: The current market is in a structural phase of Bitcoin adjustment and altcoin rebound, with hotspots concentrated on the Ethereum ecosystem and new altcoin rebounds. Investors need to closely monitor altcoin performance and adjust strategies in conjunction with the external economic environment to respond reasonably to market fluctuations.