Q4 Market Outlook and Potential Meme Season

BTC Performance and Dominance:

Bitcoin (#BTC☀ ) remains the dominant force in the market, and its market dominance (BTC.D) is expected to increase further. The short-term decline can be seen as a good opportunity to accumulate high-quality meme tokens, and BTC's next rebound is likely to lead other assets.

Catalysts for the meme season:

Ethereum (#ETH🔥🔥🔥🔥 ) is expected to be the main catalyst for this round of meme season and may become the strongest performing asset in this cycle. Solana (#SOL ) and Binance Coin (#BNB ) are also expected to break through, and their performance cannot be ignored.

Impact of SPX on the crypto market:

Short-term fluctuations in the S&P 500 (SPX) have limited impact on on-chain meme coins. Nevertheless, the rebound of SPX may boost the overall market sentiment and drive the rise of cryptocurrencies.

Macro Trends:

After 1-2 weeks of consolidation, BTC may be boosted by election-related optimism and the general market view that Bitcoin is undervalued, which may help it break through the psychological barrier of $100,000.

Market Season Changes:

The traditional altcoin season may no longer return, and the meme season will take its place as the dominant narrative theme in the market. #meme板块关注热点