On December 26, after failing to break the $100,000 mark, Bitcoin dropped $3,000 from $98,500, causing many bulls to stop-loss and exit. It is currently fluctuating narrowly above $95,000, while most other cryptocurrencies are down. After fluctuating all night, there has been no significant breakthrough, still oscillating back and forth, indicating that $95,000 remains a strong support level!

BGB surged 30% to reach a new high.

Inspired by the news of the merger between BWB and BGB, BGB surged over 30% yesterday, briefly breaking the new high of $7.9. However, regarding the merger of BWB and BGB, some crypto KOLs have stated that the merger may imply that BGB has already peaked in the short term, with the reasoning being that 'the project party can legally create a bunch of BGB to sell through the merger.'

Let's talk about PENGU again. It belongs to the very popular NFT sector in the cryptocurrency market from a few years ago. In recent years, NFTs have gradually faded from some people's perspectives. However, with the arrival of Pudgy Penguins in this bull market, everyone's attention to NFTs has been raised once again. The market cap of Pudgy Penguins (PENGU) has reached $2.596 billion, making it the largest meme coin in the Solana ecosystem by market cap. Whether this bullish momentum can continue remains to be seen, but the PENGU token may revitalize the NFT industry and bring interest back to the NFT market.
Based on current analysis and past experience, I am optimistic about this group of cute penguins. The future development of PENGU is expected to reach 5-8 times its current basis.

Finally, let's talk about the upcoming weeks:

1. Those with spot positions may face significant pullbacks, and whether to avoid risks in advance completely depends on you. Perhaps this period will be very painful.

2. If you can persist in holding and grit your teeth through this painful period, I believe the next wave of increases will be very beneficial for some key coins, potentially erasing previous pullbacks completely.

3. The market has not 'ended.' A new phase of increases is expected in the next 4-8 weeks. The attitude of a certain country's government towards cryptocurrency is relatively positive, and there is less resistance in the macroeconomic environment; these factors theoretically create a favorable environment for the market.

4. Regarding the upcoming market rotation, there is no clear prediction. It is difficult to determine in advance which coins or sectors will become market leaders. From the perspective of rotation, it seems that all coins will rise, but at the same time, there is no overall upward trend.