December 21, Saturday, Good Afternoon!

✅️ Market Review and Analysis

The market has welcomed a comprehensive rebound, and Bitcoin is about to return to the 100,000 mark. In fact, after such a drop yesterday, we basically knew the stage bottom. It's a bit of a pity; I announced in the community that the bottom position for defense was at 3000. In the end, Ethereum reached 3100. However, many people should have already added their positions here at 3100. As of now, the bottom-fishing spot should have more than 20% profit.

Currently, the market price for Bitcoin is around 99,000, and Ethereum is around 3,500. Yesterday, BTC's low point was around 92,000, and ETH's low point was around 3,100, both of which have rebounded about 10% from their lows, with altcoins rebounding around 20%!

The market sentiment aligns with the price movements; the depth and speed of yesterday's decline already indicated a bottoming signal. The decline was fierce, and the rebound is also fierce. Just wait for the market to rebound!

Bitcoin's short-term resistance level is 100,000 USD, and I estimate it will consolidate here for a while. Let's see if Ethereum can become strong. If it can continue towards 4,000, altcoins will also bounce back!

✅️ Spot and Primary Market

As of now, Binance's Alpha project has included 29 items. One can only say that one is willing to fight while the other is willing to endure, with no complaints, but the meaning of this is still not understood. It’s just various liquidity manipulations. The BOB I promoted to everyone earlier is also on the list. I exited when it doubled!

Regarding the spot market here, Brother Yu suggests that those who bottomed yesterday might consider taking some profits. Those who were previously stuck should continue to hold, especially in long positions. Just because there’s a rebound doesn’t mean it will shoot straight up.

Let’s talk about the current cryptocurrencies held by Brother Yu:

ETH Lpt Doge Wld Ftt Metis Algo Crv Mask Ena

This round of adjustment mainly involved exchanging for previously strong coins, such as Ena, Crv, Algo, etc.

Here, Brother Yu recommends three coins:

Doge's target remains at 1 dollar.

Lpt can only say that there’s a high probability Grayscale will increase its holdings, and if they do, the increase won’t be small; refer to Zen, which was also a favorite of Grayscale before.

Metis needs to be closely monitored; spot trading in batches.