December 18 Morning Report
Currently, the U.S. Bitcoin spot market continues to experience a net inflow, surpassing gold reserves, indicating market confidence in Bitcoin. However, some newly launched coin projects are not adhering to 'fair play' principles, directly using spot cash-out methods to guide the market. Some projects even package a coin with a market value of 4 billion using 100 million, leaving investors who buy these coins often facing short-term bearish pressure. Despite account adjustments, the overall value remains higher than in previous months, and investors need to adapt to this process; fluctuations in unrealized gains and losses are inevitable.
The overall trend has become more apparent, with the key for the market being 'waiting.' Without strong market manipulation, it is challenging to earn much, and low trading volumes make it difficult for funds to exit. A rate-cutting meeting will be held tonight, and the market is watching to see if a rate cut can stimulate further market reactions.
The currently popular sectors remain DeFi, AI chains, and chain oil. If investors are unsure about what to buy, it is recommended to choose leading projects in these fields. For example, BGB has been reaching new highs, and it will go live normally at 5 PM tonight; attention should be paid to whether its pricing is worth investing in. Overall, the market is still in a state of fluctuation, and if bullish forces erupt in the short term, it may provoke a strong reaction from the bears, so it is advisable to continue observing and waiting.
