Important news, act fast

The Efficiency Department (DOGE) has started working, and Musk's energy is indeed powerful and efficient. He acts decisively, which exemplifies the execution ability of a successful entrepreneur, and is very much worth our learning. The Trump team has also begun searching for candidates for the SEC chairman position; the old dog really can't hold on any longer, and is rushing to make moves, letting Americans FOMO once again. Pushing towards the next peak of the bull market.

The MEME on the SOL chain experienced a significant pullback yesterday, which is reasonable as many people have become rich relying on MEME. Vitalik started publicly promoting the MEME hippos on the Ethereum chain yesterday, and there are also some movements on the MEME of the BNB chain. Currently, the most profitable effects are still only on SOL, so will other public chains need to rotate in? This still needs to be seen based on market feedback. Most news in the crypto market is related to MEME on the chain, such as Eliza from A16z founder, yesterday's mix-up with Ying Te, and today the UPBIT Korean won market has also gone up with MEME. In any case, everything is related to MEME. Whether you accept it or not, the fact is that this market is currently a MEME bull market, and it seems unrelated to others. On November 19, Bitcoin ETF had a net inflow of 816 million, while the large market E-bit had a net outflow of 81.3 million.

Market Interpretation

Yesterday, the major asset did indeed surge as expected, mainly due to the significant inflow of ETF. However, it did not surpass 94,000 and was quickly brought down, which is what was mentioned yesterday; there will be a significant divergence. I believe that the current bullish momentum is greatly diminished, and after being stuck at this position for so long, the first wave of the daily line's main rising wave should be about over. It's time for a pullback, a level 4 pullback is imperative.

The exchange rate of the second major asset has hit a new low: 0.035.

SOL has also started to pull back, not surpassing 250. If this pullback really happens, then the next 260 will have no pressure, and it should directly aim for 300 without any problems.

Regarding altcoins:

Altcoins generally performed poorly today. RENDER (RNDR) has been very strong recently and has doubled from the bottom; 9U should be its resistance level.

LUMIA, which was newly listed on Binance, suddenly surged today after dropping for over a month, and suddenly increased in volume. It might be worth trying to follow it.

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