In a rising market, leading cryptocurrencies have more advantages, and there are often multiple leaders in the same sector. The focus is on the sector. Long-lasting trends include public chains and memes, but there are also new popular sectors like AI, DePIN, and RWA.

Key attention should be given to Trump-related coins, which include ETH, LINK, AAVE, ENA, and ONDO. In particular, the leading coins that emerge among them. The Vice President of the United States, Vance, has a related coin, Solana, DYDX. The leader of the U.S. government efficiency department, Musk, has a related coin, Doge. Leading public chain coins include SUI and SEI.

In a bull market, there are often sharp declines; currently, Bitcoin's pullback is unlikely to exceed 20%, and Ethereum's pullback is also unlikely to exceed 40%. A 30% pullback in other altcoins is quite normal. In a bull market, never go in empty; accept slight pullbacks and do not lose sight of the big picture due to small losses.

Half a month before Trump officially takes office, the altcoin season will quickly arrive, which may shorten the overall bull market cycle. Currently, reducing long leverage is beneficial for the continuation of the bull market. History does not simply repeat itself; although there are often significant pullbacks in a bull market, it is still rare to see a drastic drop like last week at the beginning of a bull market. In this round of the bull market, investors have become more savvy, and the strategies of the market makers have also become more variable. History does not simply repeat itself, and this round of the bull market is destined to be more complicated.