January 5, 2024

The market has rebounded a bit, but the major cryptocurrency still hasn't broken through 100,000. The rebound of the overall market ultimately depends on BTC's performance, or a significant breakthrough by ETH could also work. Therefore, we are still in a fluctuating pattern. However, this round of rebound is represented by SUI, DOGE, and others. These strong coins somewhat represent the movements of major funds in the crypto space, indicating that the main players are not pessimistic about the upcoming market. They are willing to pull up the market even when the major cryptocurrency hasn't broken through 100,000, showing they are not afraid of a crash.

So far, this round of major adjustment has lasted half a month, with altcoins generally down over 30%, including ETH's maximum drop of nearly 30%. In contrast, BTC's drop has been extremely limited; even on a daily level, it doesn't appear to be a significant adjustment but rather a small adjustment forming a central point. In my view, this is the strongest signal that the bull market hasn't ended, so I classify this significant pullback as a "mid-term adjustment". Since that's the case, there is really no need to worry about the spot position.

Recently, everyone still has the same feeling: making money in the secondary market is very difficult! In my opinion, the most important thing is to buy at a good price. Buying during FOMO usually means buying at a high point, and chasing during the release of good news often results in getting stuck. If you buy when no one is paying attention, you can achieve positive overall returns. Looking back, if you are really losing money in the secondary market, it indicates that the method is incorrect. It's never too late to switch strategies at any time.

Next, I will also focus on the primary market of AI Agents. In my view, there aren't many short-term opportunities in the secondary market. Even if there is a rise in the next couple of days, I still think it will mainly be a fluctuation. If BTC doesn't break 100,000, it's hard for other altcoins to reach new highs. Therefore, you can continue to consider swings with this mindset. As for the primary market, the risks are actually greater, but since capital is flowing in significantly, there are more opportunities. Those who have time for research can also take a look at this area, which I will share about in the future.

Thank you for your attention and likes.