1. Overall, this year’s small bull market has ended. There will be individual small currencies or coins with potential to make up for the gains. Remember to follow orders.

2. From the current market perspective, the upward momentum is quite lacking. All the funds are pouring into the inscription sector and taking turns to speculate. The inscriptions of each chain are one after another, and they are almost finished. It is difficult to continue a new narrative.

3. Judging from the time, next week is Christmas in Europe and the United States. The main players in Europe and the United States will enter the holidays, and market trading volume and funds will drop significantly.

4. The market leverage ratio is already quite high. The capital fee of the perpetual contract has reached a very exaggerated level. Even the interest on borrowing U has remained above 15% for a long time. The collapse of high leverage is imminent.

5. At present, all the benefits have basically been exhausted, including the high probability event of ETF passing in January, the Federal Reserve suspending interest rate increases and starting to cut interest rates in the first half of next year, etc.

The above personal opinions are not intended as investment advice.