The price of Bitcoin surged to a peak of 97,200 during the early trading hours, and although it has since experienced some level of correction, it remains solidly above 95,000, showing signs of stabilization and recovery in the short term. Despite the possibility of further downward testing in the future, the likelihood of a significant price drop forming a waterfall decline in the short term is relatively low. Conversely, given the current situation, the possibility of Bitcoin's price seeking a breakout is more significant.

Meanwhile, Ethereum has not shown any significant corrective action after experiencing a wave of increase, with the current price stabilizing above 3,600 and undergoing range-bound consolidation, and the support range between 3,500 and 3,550 is notably strong. Given that today is Thanksgiving, the U.S. market will be closed, and it is expected that the volatility of the market in the evening will be reduced.

APT is a new public chain with outstanding performance. Data in all aspects are growing rapidly and the K-line is also performing well. You can pay attention to it.

Hot Topics on November 28!

1. Former CFTC Chairman Giancarlo may become the first 'Crypto Czar' in the U.S.

2. Surge in rollback transactions on the Base network, analysis claims sniper bots are causing unnecessary gas consumption

3. Cega announces acquisition, will cease operations and stop accepting new deposits by the end of the year

4. 21Shares announces the launch of four new ETP products

5. Tether plans to expand its commodity liquidity pool to $5 billion by 2026

Next, regarding the overall operational strategy, here are my suggestions:

1. Position Allocation

Firstly, the core assets in a bull market should still focus on BTC, ETH, and SOL. It is recommended to allocate about 50-70% of your position in these cryptocurrencies.

You can select 1-2 of them and open a long position with 2-3x leverage for the long term, as these are the safety assets in a bull market.

Especially BTC, after experiencing this wave of the bull market, it will definitely become a 'digital gold' similar to gold, with prices gradually increasing, just like gold and the US stock market.

2. Altcoin Operations

For altcoins, the main strategy is to operate on the right side, meaning closely follow the market trends, and it is recommended to allocate about 30-50% of your position. For example, if you notice that ETH is performing strongly recently, focus on the related projects in the ETH ecosystem, such as layer two scaling or staking tokens.

Make a significant investment to earn a 20-30% profit and then withdraw, leaving 1/3 or half of your position with a stop-loss at the original price to maintain a larger perspective, ensuring that you can earn profits in the bull market without losses.

When a sector starts to move, you can follow the coins that haven't increased much and wait for them to rise together.

3. Meme Coins

Meme coins are currently still in an adjustment phase, and you should wait for the opportunity before the next surge.

If you are paying attention to leading coins like DOGE or PEPE, once they strengthen, you can follow up with related smaller coins, such as pnut, neiro, wif, flock, etc., as these coins usually rise along with the leaders.

4. Capital Management

Remember, capital has a time cost. In a bull market, the profit effect brought by sector rotation will be very obvious.

If you cannot keep an eye on the changes in sectors at all times, it is best to choose to enter the market when there are launch signals, and avoid frequent switching of positions, as this will allow you to earn more when the market truly explodes.

Sector rotation can focus on the following tokens!

Distributed Storage: STX, AR
Hong Kong Concept: CFX, MDT, MASK
AI Artificial Intelligence: WLD, ARKM, TAO
Web3.0: MASK, ENS
Layer 2 Network: ZK, OP
Dex: UNI, DYDX, RAY
Metaverse: SAND, MANA, AXS, MAGIC
Dao: PEOPLE, ANT
Defi Lending: AAVE, COMP
Defi Oracle: LINK, PYTH
NFT: BLUR, TNSR, APE
Ethereum 2.0: LDO, SSV
Anonymous: DASH, ZEC, ZEN

Statistics of 7 project tokens on Binance after CZ's release on September 30, 2024, categorized by sector:

1. Meme concept: ACT, PNUT

2. L2 concept: SCR

3. DEX concept: COW, CETUS, THE

4. Staking concept: EIGEN

5. SOL ecosystem projects: ACT, PNUT

6. SUI ecosystem projects: CETUS ​​​​

The best way to approach a bull market is to buy spot and hold without selling. As long as you confirm that the larger trend is fine, there's no need to get too caught up in the smaller fluctuations. Many people miss opportunities because they want to wait for prices to drop even more when they fall, and when they rise, they are reluctant to buy immediately, ultimately wasting a large portion of the bull market.

Note: A pullback in the spot market is an opportunity, and you can still enter boldly. Personally, I have made significant positions during these two dips. Spot and futures should have different strategies. If you don't know how to position yourself, feel free to follow me!

SUI Market Analysis

The current price trend of SUI is strong, with the current price reaching 3.477.

Observing its price trajectory, after rebounding from the lowest point of 3.2751, it quickly rose to 3.5821, successfully breaking through key resistance levels during this period.

It is worth mentioning that the recent rise of SUI has been strongly supported by significant trading volume.

In the subsequent market, the resistance level at 3.6 above should be a focal point; if it can be successfully broken, its upward momentum is expected to further expand.

At the same time, the support level near 3.52 below should not be underestimated; if the price falls below this level, it may face short-term correction pressure.

Sorting out sectors and projects worthy of special attention

Sectors and corresponding projects

ETH ecosystem: including ENS, pENDLE, UNI, which have their own development characteristics and potential in the Ethereum ecosystem, and are worthy of attention from investors.
RWA sector: POLYX, RIO, TRU belong to this sector, and have corresponding layout and performance in the field of real-world assets (RWA), and are worthy of attention.
Public chain: TIA, SUI, sEI are among them. These public chains have their own advantages in blockchain infrastructure construction and have certain development prospects.
Solana ecosystem: including jTO, bOME, bONK, RAY and other projects, relying on the solana ecological environment to continuously expand their business, and also attract the attention of the market.
AI sector: There are rNDR, FET, LPT, ACT and other projects, but the AI ​​sector as a whole has not yet ushered in the stage of full launch, and the subsequent development trend is worth continuous observation.

Sector market analysis
The old mainstream sector is likely to enter the adjustment stage in the short term. The meme sector (such as ACT, pnut, etc.) still has the possibility of ushering in a new round of market. Sometimes just a strong positive line can change the negative sentiment of the current market. You know, those "dog dealers" who manipulate the market are often more eager than others to push the market forward. As for the rumors in the market about CZ's attitude towards the meme sector, don't pay too much attention to it at the moment. After all, the flow of funds is the most critical signal that best reflects the market situation.

The AI sector has not exploded in this wave of market, it is a sector that can be ambushed. Masa is a decent stock in the AI sector, and it has been slowly rising at the bottom. It can be continuously monitored.

The current BTC price is $93,387, with a relatively weak short-term trend. The defending faction may consider entering the market once the price rises above $95,000. Additionally, there may be speculative opportunities for Ethereum next year, so it is recommended to buy Ethereum on dips. Here are several points worth noting:

1. Ethereum-related coins: The performance of Ethereum often influences BTC. Last night's livestream also mentioned that it is worth paying more attention to Ethereum series projects, such as ENS, ETHFI, LDO, etc., which currently have good potential for price increase.

2. SOL series: The performance of the SOL series remains strong, especially compared to the robust performance of JTO, and it may continue to rise in the future.

3. CZ's view: CZ expressed a relatively lenient view on MEME coins. Although he does not oppose MEME, he hopes that blockchain technology can be better utilized in practical applications, which means that the actual application of blockchain remains key to the future.

4. YGG: YGG's weekly breakout and pullback signal is evident, and both the daily and three-day lines are continuously gaining strength. A good upward performance is expected in the near future.

5. Capital inflow into MEME: In the short term, funds have already flowed into MEME, but it is still advisable to pay attention to leading sectors that currently have no major movements, as they are expected to break through soon.

6. The top five hottest coins: Currently, the five most popular coins in the market are MEMEFI, PNUT, ETH, SNAD, and DOGE. Investors can make appropriate layouts based on the trends of these coins.

Don't panic, the altcoin market will continue!

Since Bitcoin's market cap share of altcoins reached a recent high of 61%, it has hit the weekly resistance level seen in previous years and is currently retreating as expected.

As the altcoin market continues to grow, Bitcoin's market cap share will inevitably be diluted over time.

My personal view is that Bitcoin's market cap share in this wave of market activity has already peaked.

On a macro level, as the probability of interest rate cuts in December increases, the funds in the crypto space will experience a more pronounced greenhouse effect.

Therefore, I believe December will be the true explosion month for altcoins.

At that time, sectors like MEME, RWA, and blockchain games will fully enter a new phase of explosion!

Key Summary!

1. Bitcoin has reached a high arc top; short-term focus on the resistance around 95,000. If it cannot recover, a head and shoulders top will form, and the trend has not yet reversed.

2. The US Bitcoin ETF has seen outflows for two consecutive days. Currently, there are main players offloading, and there won't be a sustained market trend in the near future.

3. A correction in December is inevitable; on one hand, it will digest the profit-taking from the 66,835-99,588 range, making it easier to push the market. On the other hand, with the year-end holidays, institutions will distribute bonuses, and retail investors will need funds for the New Year, leading to outflows from the crypto market and causing a market pullback.

4. Currently, ETH is holding up during declines, being more stable when Bitcoin pulls back. After Bitcoin stabilizes and rebounds, ETH is expected to lead the market, especially with the upcoming hype for the first-quarter upgrades next year.

5. For ETH and SOL, we are waiting for a December correction to accumulate more long positions in batches for a 3x strategy, aiming for certain returns. After the correction, new highs are expected, and altcoins will likely take off in February and March.

6. In the altcoin sector, the Ethereum series is strengthening alongside Litecoin. Key focus on quality leading projects like EIGEN, ENS, TIA, and public chains like FTM and SEI.

7. A giant whale has accumulated 345,000 UNI tokens, worth 3.75 million USD, and the technical pattern currently looks good.

In the past few days, the market has seen a pullback, and many people are in a panic, with nearly 600 million USD in long positions liquidated. What I want to say is:

First, the bull market is not over yet, and BTC's push towards the 100k mark and subsequent pullback is very normal.

Second, many altcoins are not dropping significantly, indicating that there is a willingness to support prices, which presents a good opportunity to position for the next round of altcoins, such as XRP, TIA, STX, RIF, LPT, IMX, YGG, etc.

Third, ETH is obviously strong, and there is a high probability of ETH catching up and rising further, with Ethereum-related tokens likely to perform well, such as SSV, LDO, ENS, etc.

Fourth, from an international fundamental perspective, the end of the war in the Middle East is a positive sign; the holiday season in Europe and the US in December is favorable; and the potential interest rate cuts by the Federal Reserve in December due to the policies of the current administration may increase inflation, which is slightly bearish.

In summary, seizing the opportunity to position strong coins during this bull pullback is a chance for wealth growth before the end of the year!

Meme Coin Investment Key Points

1. Narrative Driven
The success of Meme coins relies on the narrative, with content, popularity, and continuous upgrades being key. Pay attention to narrative changes and capture potential trends.

2. Leader Driven
Community leaders are influential in shaping culture and driving development. The cohesion of the community and the status of the leaders determine long-term value.

3. Holding Points
When holding, focus on the coin and timing. Invest heavily when the narrative is strong at the bottom, and sell in batches. If the narrative upgrades or hotspots emerge, re-enter during a pullback.

4. Timing Choices
Choose high-intensity (0:00 - 12:00) or medium-intensity (5:00 - 12:00 and during reviews) trading periods. The former has high volatility, while the latter has low volatility, requiring cautious operation.

5. Health as Foundation
Investing in Meme coins for the long term cannot overlook health. Staying up late and sitting for long periods can harm the body, affecting decision-making and adaptability. Balance mental and physical health while making profits to ensure long-term gains.

Ethereum is silent, charging toward the yesterday's peak and trough point in one go, as if nothing has happened. Only those who experienced yesterday's continuous decline can touch the hardships within.

Now, public chains basically need to have two standard configurations.

The first is meme. This has almost become a standard, and public chains must have their own meme craze. Either the foundation self-speculates, or they find other institutions to speculate, creating a wave of wealth effect to attract traffic. The foundation and market makers need to cooperate, carefully operate, raise prices, and create topics and hype.

The second is the AI six-piece set. Currently, the AI six-piece set has not fully formed, but the basic framework has begun to appear. First, there needs to be an IMO to release the model. Then, based on these models, create an AI Agent issuance platform with some leverage. Next, various AI Agents targeting B-end and C-end can be launched based on the platform, allowing them to collide and generate new assets. After new assets are created, the price must continue to be driven up, so an AI Dao fund can be established to continue leveraging and support core AI Agent assets. Finally, if other projects on the chain or old DeFi need AI services, an OAO (Onchain AI Oracle) can be created to bring all chain applications into the AI era.

If this is still not enough, then create some pure AI memes, like mascots, to embellish and increase heat and attention.

AI-themed coins!

Ultraman Investment: WLD, ARKM
General AI Video: RNDR, LPT, VRA
Old AI Speculation: NMR, FET, AGI, OCEAN
New AI Speculation: NFP, AI, XAI
Artificial Intelligence X Oracle: GRT, RLC
Domestic AI Sector Coins: CTXC, MDT, IQ, RSS3 ​​​​