Now, among many cryptocurrencies, aside from Bitcoin, which is the focal point, SOL has emerged as a standout performer. Just yesterday, SOL forcefully broke through again, just a step away from its historical peak. Look, while Bitcoin and Ethereum, these two giants, were in a sideways state over the weekend, SOL emerged like a dark horse, quietly pulling out a striking large green bar; the momentum is truly astonishing.
Yesterday, a friend came to me, holding 4000 SOL, hesitating whether to sell. Fortunately, I reacted quickly and dissuaded him in time. Why? The reason is obvious; the hotspot of this bull market is MEME, and most MEMEs originate from Solara (SOL). If he sells SOL now, it would be like letting go of a goose that is about to lay golden eggs; it would be a real shame.
SOL is also one of the strongest large-cap coins besides Bitcoin; selling off at this time is clearly irrational. Let me reiterate the general phases of a bull market: be sure to like, follow, save, and share; don't forget again. First, funds will definitely flow into Bitcoin, allowing it to hit new highs, and this is when market sentiment begins to heat up.
Subsequently, funds flowed into the second-tier 'Aunt' and third-tier 'Solara' high-quality large-cap projects, further confirming the bullish sentiment in the market.
Next, funds flowed into strong altcoins like SUI, Dogecoin, etc., followed by mid and small-cap altcoins, including shib, pepe, etc. At this point, the market entered a state of full frenzy, as if one could make money just by entering; the large green bars kept getting bigger, and all technical and fundamental indicators became ineffective.
Finally, a signal of transitioning from bull to bear will appear. The price starts to consolidate at high levels, and market liquidity seems to be drained, getting lower and lower. Coupled with altcoins rapidly doubling, many new small investors are drawn in, and as a result, these small investors get trapped at the peak. So, if everyone can clearly see which phase they are in, they will understand how to act next.
Returning to today’s BTC market analysis, from the K-line perspective, the 1-hour level shows an upward trend, the 4-hour level shows a halt and rise, while the 12-hour level is sideways (note the MACD has a death cross above water, the indicators may also fail), and the daily level is on the rise. The intraday resistance level is 93,500, and the support level is 88,500 USD.
Today's focus
1. Musk called out Dogecoin Squirrel again today; it seems there will be many future calls for Squirrel, so everyone can pay more attention.
2. ACT has a strong narrative, AI + MENE, currently at a resistance level; if it breaks 7, there is significant upside potential.
3. Ethereum's layer two has a similar bankruptcy trend as Ethereum, but ENA is still a relatively bright spot.
4. FTX's 16 billion repayment has been delayed for a month, and it is expected to be a significant speculation when it finally comes.
5. Trump takes office on January 20, Musk serves as the DOGE department minister, remember to lay low for the MENE series.
6. AVAX, ROSE, ADA, PIXEL, ID, ENA, EIGEN all have unlocks.
Currently, the Meme market has not ended; after the weekend adjustment, $pnut is expected to take off again this week. This coin is undoubtedly the leader of this year's memes; overseas, there is significant FOMO because pnut has enough narrative. If it experiences extreme FOMO, we can see it reaching around 5.
Also, the art piece $ban and Musk concept $banana are both worth laying low for; who knows, one of them might be the next to go public!
The Bitcoin rune ecosystem's dog and others have also seen significant increases; the community is spreading rumors about entering the Binance futures market, unsure of its authenticity.
In the past week, DeSci has suddenly become a hot topic of discussion among many people. On November 13, An An's founder CZ posted on social media platform X saying, 'Learning at a small DeSci entrepreneur gathering organized by Labs,' along with a photo with Vitalik. Meanwhile, Binance Labs made its first investment in the DeSci project BIO Protocol, which caused DeSci tokens to rise across the board.
The recent boom in DeSci is actually traceable. Its origin is precisely the series of movements mentioned earlier by CZ and An An. Therefore, to speculate on DeSci, one must grasp the main line and clarify the main contradictions, which is: tightly holding onto An An and CZ.
Key focus: An An's Ming Milk, must have the DeSci series.
Regular troops: VITA, RSC, ATH, GROW
Leading MEME: RIF, URO, Scihub
Names related to MEME: BIO/ACC, DeSci
Potential MEME: dontdie, No Hands
The altcoin market is starting to warm up:
Recently, classic altcoins like XRP, ADA, ETC, LTC are gradually strengthening, indicating that the altcoin season may be approaching. With Bitcoin rising, the overall correlation of altcoins has increased, and it is expected that after Bitcoin hits new highs and encounters resistance, the general rise of altcoins will become more evident.
