Key interpretation:
BTC trend analysis:
Bitcoin is currently shrinking and pulling back, and the 4-hour level is in a consolidation state. The short-term profit space is limited, and it is difficult to expect a deep pullback before a clear long upper shadow line appears. During the Bitcoin shock, altcoins have a greater chance of performance.

ETH catch-up expectations:
Ethereum is expected to usher in a wave of catch-up market, pay attention to the key support levels of 3313 and 3270, and consider short-term operations when the price reaches these positions, with a target of 3560 and a stop loss defense set at 3250.

Market capital rotation:
Currently, mainstream old currencies and public chains have gone out of a unilateral upward trend, showing the characteristics of "rising old but not new". However, as market funds rotate, new currencies will eventually usher in opportunities. It is recommended to remain patient and avoid frequent position changes.

Market sentiment and strategy:
The market greed index reached 93 for the first time, and mainstream currencies began to enter the FOMO stage. As the sector rotation is completed, the risk gradually increases. At present, a prudent strategy of "selling more as it rises" should be adopted, avoiding high-multiple leverage operations, and focusing on winning in stability should be adopted.

Positive capital flow:

USDT inflow: In the past 15 hours, 1.38 billion USDT flowed into the trading platform, and another 1 billion USDT was issued in the early morning.
USDC growth: The circulation of USDC increased by about 1.4 billion in the past 7 days.
ETF capital inflow: Yesterday, the US Ethereum spot ETF had a net inflow of 92.3 million US dollars.

Interpretation: The increase in capital issuance and inflow shows that the market has a strong bullish sentiment, which constitutes a positive support.

Altcoins and hot topics:

Funds are flowing into mainstream altcoins, and the blockchain game and MEME sectors are about to start. It is recommended to go long on dips, set stop losses reasonably, and follow the trend.

Today's Market Highlights:

Meme Market: The meme heat on SOL has slightly declined, currently only Chillguy is performing strongly, while others like $pnut, $act, $ban, etc. are still in a pullback. It is expected that after the pullback ends, the rebound will be more intense. SOL: Due to the progress of the ETF application, it is approaching historical highs, a breakthrough is imminent. Federal Reserve's Schmid: stated that cryptocurrency is a tradable asset, not a currency.

FTX Restructuring: Plans will take effect in January 2025, with user compensation starting in March, which is also the reason for the surge in FTT. Trump's Crypto Plan: Expected to establish a Bitcoin reserve, U.S. strategic reserves are imperative, European countries may follow suit, and Bitcoin in hand should not be sold.

SEC Chairman Departure: Gary Gensler will resign on January 20, which is favorable for the crypto industry, especially in the DeFi sector, focusing on $uni, $aave, $dydx, etc. ETH Rebound: ETH and L2 tokens like $op, $arb, $strk, $eigen have seen significant increases, further attention is warranted.

Q&A:

SAND
Price Breakthrough Potential at 0.5: As long as the support level of 0.3-0.32 holds, the possibility of breaking through 0.5 is quite large, and there are no major issues.

STRK
Trend Analysis: Currently starting to improve, with the rise of ETH and its exchange rate, STRK is expected to take off as well, suitable for long-term holding, becoming friends with time.

SOL Series Recommendations
Long-term Leaders: JUP, PNUT, JTO.

BAN
Support Level: Short-term 0.13 is the key support, as long as it holds, there are no issues, and the current pullback is nearing its end.

PEPE
Market Potential: High-quality project with potential to break into the top 10 by market capitalization.

MEW
Support and Potential: Support level at 0.008-0.0085, can gradually build positions in this range, after sufficient accumulation, the potential is large, suitable for long-term holding.

HORPHO
Short-term Support: Around 0.95, daily chart shows signs of bottoming, but it still needs to consolidate in the short term, patiently wait for pattern confirmation.

NEIROCTO
Strategy Suggestions: Currently hold along the upward trend line, support level has moved up to 0.0016, continue to pay attention to trend changes.

KOMA
Analysis and Suggestions: As a MEME coin on the BSC chain, despite the astonishing short-term gains (dozens of times), after high-level consolidation, attention should be paid to community building and fundamentals. If you are a newcomer, participation should be cautious, and proper position management is essential.

About ADA and XRP:

Bullish Logic:

A large influx of users into Coinbase (CB) has driven the demand for trading mainstream coins in the spot market.
Among the non-meme coins supported by Coinbase, ADA and XRP have relatively high trading volumes, and coupled with the expectation of an improved regulatory environment, they have become the main driving factors for the upward trend.
Another similar coin is HBAR, but it is slightly less stable.

Bear Market Performance:

If it weren't for the strong institutional locking of assets, the performance of these two coins in the bear market would not be so robust.

Operational Logic:

When investing in these two coins, the impact of fundamentals is relatively limited; it is more important to focus on chip distribution and user penetration rate.

For grassroots investors, MEME coins are indeed an opportunity worth paying attention to, but it is particularly important to keep a clear head. The following suggestions are for your reference:

Prioritize leading projects: Pay attention to leading MEME projects such as Zerebro, Doge, Pnut, Pepe, etc. that have strong recognition and financial attention in the market.

Embrace community-driven MEME: Invest in MEME projects that are driven by the community, such as Koma, MooDengeth, Scihub, etc. The activity and cohesion of the community are often the key to the vitality of the project.

Carefully choose projects with institutional backgrounds: If you must invest in MEME projects supported by the coin issuance group, it is recommended to choose targets such as AI16z that have clear financial support and development background.

Avoid excessive patterns: For some PVP projects that are purely gaming in nature, don't blindly pursue "long-term holding", but know how to stop profit in time and seize profit opportunities.

Diversify asset allocation: allocate most of the funds to more stable mainstream currencies, such as BTC, SOL, SUI, etc., to provide a more solid foundation for investment while reducing overall risks.

Continuous learning to improve cognition: Investment is the realization of cognition. We must continue to learn market trends, project mechanisms and technological innovations, regularly summarize experience, and optimize investment strategies.

Investment is risky, and planning and discipline are also essential. Participate rationally and move forward steadily!

Afternoon highlights:

Ethereum (ETH)

The current exchange rate is close to the low level, and it is recommended to continue to layout on dips. Although the recent performance is stable, it is highly resistant to declines. ETH can place orders to buy at 3060 and 3030, and the stop loss is set at 3000.

Bitcoin (BTC)

The exchange balance continues to decline, indicating that the market selling pressure is limited. The unilateral upward trend is obvious, and short sellers are still adding margin, but the result of fighting the market is likely to be liquidated.

Fund flow

Yesterday, the new capital inflow in the US BTC ETF market reached 773 million US dollars, and the trend was highly correlated with the capital inflow, driving the market up.

Three Arrows Capital Viewpoint

The founder of Three Arrows Capital tweeted that the current ETH/BTC exchange rate position (0.032) is worthy of attention and is suitable as a medium- and long-term layout point.

BTC liquidation situation

The current market shorts are under pressure:

More than 300 million short orders have been liquidated near US$99,000.

The liquidation volume near US$92,000 is even larger, reaching 1.3 billion. The air force is gradually being "cleared" by the market.

Desci sector

The overall sector performance is weak, and investors generally report that "the market shrinks by 30% as soon as it enters", and the situation is not optimistic.

ANON trends

V God recently exchanged 0.082 ETH for 30,303 ANONs, and the head of the BASE protocol also exchanged 0.33 ETH for 31,529 ANONs.
The current price of ANON is $0.0422.

Market performance varies, and it is particularly important to allocate funds reasonably and adjust strategies in a timely manner.

Q&A:
Grass
Currently at the support level of a downward channel, we can observe for a rebound opportunity.
Ban
The entire MEME sector is currently declining, with Squirrel and ACT leading the drop. Once these two cryptocurrencies stabilize, they are expected to drive the MEME sector back up, avoiding further market drag.
Floki
Floki continues to perform steadily, with great potential, and a new high is just around the corner. Spot holders need not worry too much.
What happened to PNUT?
The increase was too large, and the current pullback is a normal washout. Considering that the entire MEME sector is adjusting, PNUT's performance is relatively stable.
Is there hope for ACT?
Of course! The recent strong rise of Squirrel has attracted a large influx of sidelined funds into ACT. Currently, ACT has pulled back from its peak to a halved position, but the current 0.44 range is already close to the early trading area, offering a high cost-performance ratio. Be patient and wait for a rebound opportunity after consolidation.

Historical and Current Observations of Bitcoin's Market Share:

2017 Bull Market

During the Bull Market (2016-2017):

Bitcoin's market share rapidly declined from 80%-90% to 30%-40%.

**Reasons:** The rise of mainstream projects such as Ethereum and the wave of ICOs (Initial Coin Offerings) fueled the explosion of numerous altcoins.
Bear Market (2018):

As the altcoin bubble burst, funds flowed back to Bitcoin, and Bitcoin's market share recovered to 60%-70%.

2020-2021 Bull Market

During the Bull Market (2020-2021):

Bitcoin's market share started at around 70%, and with the popularity of DeFi and NFTs, the market share declined to 40%-50%.

**Reasons:** Strong rises of altcoins like BNB, SOL, ADA, DOT, etc., captured market share.
Bear Market (2022):

After the market correction, Bitcoin's market share gradually recovered to 40%-50%, with funds flowing towards mainstream assets like Bitcoin and Ethereum.

Current (2023-2024)

Bitcoin's market share fluctuates between 40%-60%, recently breaking through to 60%. According to past patterns, when Bitcoin's market share reaches 60%-70%, phenomenon-level products may dilute its share, such as the previous waves of DeFi and NFTs.

Possible Directions for This Bull Market:

Further expansion of the Bitcoin ecosystem, such as Layer 2 solutions based on the Bitcoin network, the Ordinals protocol, and BRC-20 tokens.
New hot sectors, such as DeSci (Decentralized Science), AI + Blockchain, or other technology fields yet to be widely applied.

**Summary:** Historical experience shows that the peak of Bitcoin's market share often accompanies the rise of phenomenon-level sectors. In this bull market, the Bitcoin ecosystem may take the spotlight, but attention must still be paid to other innovative areas that could trigger transformation.

**Market sentiment is gradually returning to normal, future layout outlook:**
**New Hope:**
- **BTC, SOL, DOGE** —— Continuing to lead dreams, optimistic in the long run.
**Positive Strategy Layout:**
- **Pnut** —— Has stable opportunities, worth paying attention to.
**Hidden Under Currents:**
- **ACT, RIF, Cheems** —— Market's secret variables, need to closely follow dynamics.
**Welcoming the New:**
- **Bonk, GOAT** —— Potential targets that may rejuvenate in the new cycle.
**Strongly Controlled High-Performance Targets:**
- **XRP, ADA** —— Under strong management, maintaining a high-level fluctuation pattern.
**Development Seems Bottlenecked:**
- **ENA, APT, SUI, STX, IO** —— Despite efforts, market performance is mediocre.
**Superficially Active but Lacking Substance:**
- **ETH, TIA, SCR** —— Seemingly surviving, but actually lacking substantial growth momentum.
**Operational Strategy:**
Current market sentiment is low, it is recommended to adopt a phased bottom-fishing approach, gradually laying out quality targets to cope with potential rebound opportunities.

**Altcoin Analysis and Suggestions:**
1. **PNUT**: Currently in a consolidation phase on the 4-hour chart, it is recommended to continue monitoring the bullish opportunities in the 1.46-1.52 range, with a short-term trend leaning towards a rise after consolidation.
2. **GOAT**: There are accumulation opportunities in the 1-1.05 range, with a target price of $2. The overall trend is moving upwards in a consolidation pattern, so it is advised to accumulate in batches when close to the trendline support.
3. **Moodeng**: The daily support level is in the 0.43-0.44 range. If it stabilizes, you can continue to accumulate and hold, as the current trend is relatively stable.
4. **XRP**: The trend remains in a sideways consolidation state, and it is recommended to adopt a wait-and-see attitude, awaiting a breakout signal.
5. **ADA**: The sideways consolidation has ended, and the trend has entered an upward channel, suitable for continuing to hold or accumulating on dips.
6. **HBAR**: There are short-selling opportunities, and it is appropriate to pay attention to shorting opportunities after a rebound, but caution is advised in operations.
7. **OM**: It is necessary to observe whether it is a continuation of the upward trend or a temporary peak. If a significant pullback occurs, consider positioning on dips.
**Operational Suggestions**:
Consider reallocating part of the position to ADA while also monitoring assets that remain in a sideways consolidation state, such as XRP and Moodeng, waiting for clearer buy signals.

Q&A:
1. Pixel: Currently has broken through the daily oscillation platform, strong support around 0.17, hold patiently.
2. ACT: Previously answered in detail.
3. Moodeng: Has performed quite well since listing on Binance, showing an upward oscillation trend.
4. CHEEMS: Currently showing an accelerating upward trend, it is recommended to hold along the hourly MA30 moving average, consider taking profits if it breaks below.
5. Altcoin Season Trend: It does not necessarily require a significant correction in Bitcoin to trigger an altcoin season. High position oscillations or market opportunities may also lead to a rotation of altcoins.
6. Bigtime: Observe the support situation of the Vegas channel.
7. BOME and NOT:
BOME: Mainly holding in the daily Vegas channel, currently mainly in a consolidation phase.
NOT: This coin has not shown significant gains yet, not a big issue, expected to perform later.
8. RATS: Still have hope, but it needs time to ferment, current hot sectors are not involved.
9. LDO: Suitable for long-term holding, especially when the exchange rate of Ethereum rises, LDO is expected to rise accordingly.
10. FLOKI and FIDA:
FLOKI: Recently has increased significantly, short-term adjustment is expected.
FIDA: Weak trend, the pattern is not yet clear, it is recommended to wait for a clearer pattern before entering, as its depth is poor.

Here are several altcoins worth paying attention to:
1. **PNUT**: Related to the Elon Musk concept, with a clear market positioning and potential for upward movement in the future. Currently, the short-term support level is at 1.45-1.5. If it can stabilize above this range, it is expected to continue rising.
2. **ACT**: Belongs to the AI + MEME sector, with a slow downward trend in the daily chart recently. The short-term support level is at 0.58-0.55. If it can hold this support, we remain optimistic about its development.
3. **BOME**: Recently boosted by the strong performance of the SOL chain, with funds starting to flow into the ecosystem, showing significant improvement. 0.001 serves as short-term support and is suitable for building positions.
4. **AI sector + SOL ecosystem projects**: After a surge on Coinbase and other platforms, a pullback has occurred, and there are signs of stabilization around the 2.28 region. For those who do not hold this coin, it may be worth considering a moderate entry, with a short-term target of 2.6 and a long-term target between 5-10 dollars.
These altcoins provide entry opportunities during the adjustment period, especially PNUT, which shows a relatively strong trend and is worth focusing on.

**Q&A Summary**：
- **ACT and PNUT**: These two projects still have opportunities at present. The market is currently under heavy burden, so we need to wait for a wave of cleaning adjustments before focusing on them.
- **Project X**: The recent increase has been significant, and a pullback is a normal phenomenon. It is currently near the support level, so patience is required to observe and wait for stabilization signals.
- **ZRX**: It has broken through a key level, and as long as it does not drop below 0.4, there should not be major issues. You can continue to hold based on the daily Vegas channel.
- **SHIB**: The current trend is good and suitable for entry. If the four-hour Vegas channel is not broken, the holding risk is relatively small.
- **TURBO**: It is currently in a consolidation period after a breakout. Pay attention to the support near 7800 and the resistance near 9500; it is expected to continue oscillating in the short term.
- **BAN**: The short-term target is 0.34, and if it can break through, it is expected to create a new high. Be cautious when trading contracts and control risks.
- **VISTA**: It has nearly doubled since the inquiry, and short-term resistance can be observed around 55-50.
- **BB and SYRUP (MPL)**: BB has potential in the future, but the trading volume is very small, similar to a lottery nature; risks need to be controlled.

Today's Key Points of Interest:
1. The news of Trump's acquisition of the digital asset market Bakkt has attracted widespread attention, and the contract address for Bakkt has now been published.
2. The enthusiasm in the DeSci market is nearing the frenzy seen during the 2017 ICO boom.
3. CZ stated that countries may compete to print money in order to purchase Bitcoin.
4. BlackRock's Bitcoin options ETF officially launched today.
5. A whale known for a record of 13 wins and 3 losses sold out at a price of $3,181, incurring a loss of up to $1.22 million.
6. Wintermute has now become the ninth largest holder of AVA, holding the smallest market cap token on the Binance platform.
7. Investor Chris, who called the bottom for Sol at $8, expressed optimism about Ethereum in a post yesterday.
8. First-tier projects that attract Binance's attention typically see a significant price increase after being listed for free on Binance; it is recommended to pay attention to Pnut and Act on dips.
9. Sam Altman, the founder of the globally renowned general artificial intelligence ChatGPT, publicly participated in launching a meme coin, which is worth close attention.

A brief analysis of IO:
1. **Recent Price Trend**: The recent price of IO has remained fluctuating in the range between 2.1 and 2.5. The overall trading volume is not large, and the market value is approximately US$2 million. It is worth noting that the unlocking of team contributors will take place next month, but the unlocking volume is small and is not expected to have a significant impact on the market.
2. **Business direction**: IO focuses on GPU acceleration business and is highly related to the current popular AI field, which gives it growth potential in the future.
3. **As expected**: IO recently launched Perp on the Cb International Station, which provides support for its further exposure and liquidity. Given that similar VC-backed projects have successively landed on mainstream Korean exchanges, IO’s future is expected to be relatively strong.

11.18 Cryptocurrency Market Analysis:
**Market Hotspots Review**:
1. **Public Chain Performance**: SOL and SUI have surged significantly, driving up projects in the SOL ecosystem such as RAY and DRIFT. The SOL/ETH exchange rate has reached a new high, making SOL a crucial asset in the current market, similar to ETH's role during the DeFi boom in the previous cycle, serving as an important entry point.

2. **Meme Coin Dynamics**: Coins like PUNT, BONK, and BANANA are on an upward trend. Musk's Twitter has once again mentioned squirrels, PEPE, and BANANA, reflecting the long-term correlation between PUNT and DOGE. BONK plans to burn 1 trillion tokens in December, which may drive its price up.
3. **RWA Sector**: OM has increased by 250 times over the past year, showing a trend characteristic of market manipulation by major players.
4. **Classic Coins Catching Up**: Established coins like XRP, LUNA, and ATOM have begun to catch up, which usually indicates insufficient market hotspots or signals a potential adjustment ahead.
5. **On-chain Small Coins**: RIF, URO, SCI, and VITA are performing actively. RIF and URO are pharmaceutical Meme coins in the Desci field, involving research on immortality. The Desci sector has gained market attention due to BN's investment in biotechnology, with its speculation logic being similar to a16z's investment in AI Meme coins GOAT and ACT, making it worthy of long-term tracking.

Summary of key points:
1. The current market needs to pay attention to the upper pressure level of 92,000, which has been under pressure in recent days.
2. Before falling below 85,500, the overall bullish pattern remains unchanged.
3. Meme coin **Ban** is affected by Musk's popularity, and Musk's change of avatar has driven it up by 20%.
4. It is recommended to include currencies that are resistant to declines and often appear on the list of gains in the list of selected currencies, and focus on them without adding too much.
5. **XRP** futures open interest has exceeded US$2 billion, and the price has hit a three-year high, indicating that short-selling sentiment is strong.
6. Next week, **AVAX**, **ROSE**, **ADA** and other tokens will have large amounts unlocked, of which **AVAX** unlocked value is about US$61.3 million.
7. It is expected that capital will start shipping operations before Christmas.
8. Fed Chairman Powell said last week that there is uncertainty about the December rate cut, but the market predicts a 25 basis point rate cut.
9. Nvidia will release its financial report on Wednesday this week, which is expected to boost the AI ​​sector. Render is regarded as the "Nvidia" of the cryptocurrency world and is worthy of attention.

Q&A

1.WLD (VC unlocked coin) market forecast:
Despite the huge unlocking volume, WLD still has a chance to gain market share. Historical experience shows that such VC tokens usually experience a downturn, but as the market refocuses, their potential is still expected to be discovered. Be patient and wait for opportunities, it may come late.

2. LTC market analysis:
You can refer to the trend of old coins such as ADA, which usually attract funds again at a specific stage of the market. At present, LTC has a good daily trend and is likely to rise further.

3. CORE status:
CORE is currently at the end of the channel and is trying to break through the resistance level for the second time. Compared with the previous inquiry, CORE has risen. Patiently holding may see it gradually move out of a better market.

4. RENDER's short-term rise:
The recent rise has been driven by the AI ​​sector, especially because Nvidia is about to release its financial report next week. This event has a short-term stimulus effect on AI-related tokens and is a normal market reaction.

5. HMSTR trend:
Currently waiting for an opportunity to pull up. After the first wave of pull-up, keep holding positions and wait for further market development.

6. Analysis of SATS's rise:
Recently, short-term funds have been rotating rapidly. ORDI has a short start today. Observe whether the sector can take this opportunity to further rise. At present, SATS has stabilized at the support level, and the future trend is worth paying attention to.

The top ten meme coin projects that are currently being closely watched:
1. **Musk concept**: DOGE, PNUT, FLOKI.
2. **Meme leader blessed by V God**: NEIRO.
3. **Religion and mascot fusion**: LUCE.
4. **Combination of art and fruit elements**: BAN.
5. **AI and Meme combination**: GOAT, ACT, CENTS.
6. **Zoo theme**: MOODENG.
7. **Cult style Meme**: SPX.
8. **AI vertical field leader**: WORM.
9. **Meme leader in BSC ecosystem**: CHEEMS.
10. **Frog theme Meme leader**: PEPE, BOME.

I suggest you pay attention to the following tracks:
1. **AI sector**: It is very likely that there will be a wave of speculation following the US stock market in the future, and the certainty is very high. AI-related projects have long-term potential and may experience a sharp rise in the market in the future, so it is worth planning in advance.
2. **Meme sector**: In the future bull market, this sector may become one of the areas with the largest increase and strongest performance, but it also has the highest risk because the accompanying volatility is very significant. It is recommended to use 20% of the position to achieve excess returns, but you need to be mentally prepared to deal with violent market fluctuations.
3. **RWA sector**: This is an emerging concept with certain potential and is expected to become the trigger for starting a big bull market in the future. RWA (real world assets) related projects may trigger a new investment boom in the market.
4. **Ethereum Layer 2 Solution**: Looking back at the last bull market, starting from the oracle sector, it then led to a surge in DeFi. Today, many people believe that BTC’s second-layer ecology may become stronger again. However, I believe that the future growth of these ecological coins that have experienced early hype may be limited. However, currencies with Meme characteristics in the BTC ecosystem may perform better.