Short sellers have entered, and the liquidation range is around 100,000. Tonight, with just a slight tremor, we can leverage the liquidity of short sellers to push the price above 100,000.

The conditions and background are all set; it just depends on how the market chooses, after all, there are still 4,000 to 5,000 spot sell orders at this price level of 100,000. As long as the liquidity of short futures can cover this supply, the price can go up;

If it can't go up, we can only blame the shorts for not being enough... On the long side, whether in spot or futures, everything has been done very well.

You can pay attention to the following six tracks in the future!

1. L1 track: SUI, FTM, SEI, NEAR
2. AI track: TAO, FET, ARKM
3. Modularity: TIA, ALT, DYM
4. Innovative DeFi: AAVE, PENDLE
5. Games: RONIN, IMX, SAGA
6. Inscription: SATS ​​​

What will happen to BTC next?

This wave of market has been rising since Trump was elected in November, and it is almost over now.
The most ideal situation is high-level fluctuations, such as hovering in the range of 92,500-99,000.
If it is a little worse, don't fall below 89,000. The limit support is 87,000, which must not be broken!

Then it is the turn of Ethereum to start the relay to make up for the rise, and take off with a group of copycats:
First, the old mainstream currency ADA/XRP led the rise, then the public chain track, and then GameFi, the tracks rotated one by one, slowly opening the prelude to the rise.

Wait for BTC to adjust in place, and dominate the market again, directly breaking through 100,000+ dollars, and rushing all the way to 120,000 and 140,000 dollars!
Then Ethereum and copycat coins assist together, and stage a feast of skyrocketing with a daily increase of 100%+.

Finally, BTC rushed to 140,000+ dollars and began to turn around and fall.
The bear market is back...

Perfect! Everything is arranged clearly.

Where are the last profitable opportunities in 2024?

Inscription: It may become an important component of a new round of wealth effect. AI Coins: With the development of artificial intelligence, AI-related cryptocurrency projects may become new hotspots.

Old coins with relatively low trading volume: Some old coins have been sufficiently washed out, and their current prices are relatively low, such as ORDI, Sats, ZEN, ZEC, DASH, Monero (XMR), Quantum (QTUM), NEO, LPT, DCR, XVS, etc. These coins have shown signs of resistance and may explode in the future bull market.

Market analysis:
From a technical perspective, the callback did not reverse the trend. The bullish trend remains unchanged, but it is not as strong!

Operation ideas:
Low-to-long is the main way to go long when the callback reaches an important support level, be cautious in shorting, and strictly implement stop-profit and stop-loss!
For copycats, you can pay attention to NEIRO, PNUT, and ACT

The primary market is still hot, and it is still based on hot spots. If you can get one, you can basically get a good multiple. Pay close attention to the recently emerging Desci concept. There may be a wave of enthusiasm, represented by currencies such as Rif and Uro.

In the secondary market, the sector rotates. Chain oil started yesterday, with Sand, Mana, and Axs rising by more than 50% on the first day.

In the current spot market, don’t change positions frequently, but also learn to change positions. If you change positions at will, you may change them too fast. If you learn to change positions, the sector rotation is fast. If you pull up too much, you should learn to leave the market appropriately!

For sectors that have not yet started, the rise of Ethereum affects the second layer, and there is also the artificial intelligence Ai sector

Altcoin Situation
Market Sentiment: Yesterday, Ethereum underwent adjustments, which led to a significant pullback in altcoins, and the overall market sentiment weakened accordingly.
However, there are still instances of hot sectors rotating and breaking through; in terms of operations, given the market's greedy sentiment for chasing highs, participation in trading should primarily be through swing trading.

Hot Sector Situation:
Gaming Sector: The representative cryptocurrency AXS in the gaming sector has once again experienced explosive growth, and the related rebound opportunities it brings are worth paying attention to.

Other Cryptocurrency Situations: LINK has risen by 10% today, basically recovering from yesterday's decline; TRB remains in a bottoming pattern, with its support level around 66. From a short-term perspective, it has certain rebound potential.

Strong Cryptocurrency Situations: Currently, categories like artificial intelligence, meme, and metaverse still have some highlights. As for which specific cryptocurrency to invest in, individuals need to operate based on their personal risk preferences.

Primary Market Analysis
Recently, the heat in the primary market has changed, with a break in the activity of new on-chain projects, while the “PUMP” phenomenon remains the main hotspot in the current market.
For the cryptocurrencies ACT and GOAT, both are still in the bubble digestion stage. If one wants to participate, it may be worth considering waiting for ACT to further recover before entering; and for GOAT, due to heavy selling pressure, it is recommended to adopt a wait-and-see attitude in the short term.

Sector Rotation Characteristics

1. Pullback Period
- BTC dominates market trends
- Profit indicators drop from over 90% to possibly below 10%
- Secondary pullbacks may exceed 50%
- BTC pullback of around 3% or more
- Market atmosphere is bearish, with ongoing skepticism

2. Rotation Period
- Meme coins, ancient Altcoins, heavily invested coins in Europe and America, and IEO tokens with a market cap below 100 million USD take turns being active
- Profit indicators gradually rise, but do not exceed 90%
- CSI (Market Confidence Index) increases
- BTC fluctuates around 2%
- Various sectors exhibit a seesaw effect, rising and falling

3. Collective Rising Period
- The market strengthens overall
- Meme coins may lead the way for a new round of market activity
- Profit indicators break through 90% and remain high for a long time
- CSI rises rapidly
- BTC rises by more than 3%
- Market sentiment is high, with widespread profits

The bull market is volatile. If you have enjoyed a large increase, there will inevitably be a big retracement! We just need to hold on to our chips, don't get washed out, don't make wrong operations when the market falls, and add positions appropriately when the market falls back!

Grayscale DEFG Fund Holdings:

UNI, AAVE (70% share): Best performance.

MKR has always been operated relatively aggressively, with some controversy;

LDO: ETH ETF staking may bring popularity, sensibly it may have potential for a surge.

SNX: Old coin fully circulated, synthetic asset TVL number one, small position like betting small to win big, has potential to give it a try.

The counterfeit season is in full swing!
During the weekend, a traditional time with low transaction volume, a choice is made to push the market up, a typical bull market acceleration trend.
The rotation is obvious, it's no longer just a single meme dominating, which is also a typical sign of bull market acceleration.

Sol meme is really hard to play now

The memes that came out in the previous round

ban, ai16z, pnut, luce basically give everyone the opportunity to buy chips at a low price

But the recent speed pass is almost all conspiracy

It is essentially a variant of vc coin

It is used to trap people at high positions

If you can't be called part of the conspiracy, then you can only take over at a high position

And once the big conspiracy comes out, the previous conspiracy will be sucked dry

Then do the following:

1. Wait for the super hot spot to appear, but even if it appears, you still have to find a low position to get on the train

2. If the conspiracy does not get chips at a low position, then go to the next one, anyway, there will be a lot in the future

3. Pay attention to projects that can continuously obtain traffic and hold a large position

Meme It's good to take a break, otherwise you won't have time to play

BOME - An awkward star meme coin on Binance

Bome's wash trading situation: After being listed on Binance, it took over half a year to wash out, and it only dropped by half, hardly any wash trading occurred. Just look at how Slerf Rats Sats was washed, dropping directly by 10 times, and Ordi dropped by 4 times. This coin hardly dropped, which is friendly to retail investors but unfriendly to big players.

The question arises, why isn't this coin dropping?
In my opinion, after being listed on Binance, when it was at the bottom, the market cap was 380 million U, indicating that it's a hot meme coin on Binance with spot trading, making it hard for the market cap to drop below 300 million U. Now, looking at Act, which has a market cap of around 400 million U, what does that indicate? There isn't much room for decline.

So, does Bome have big players accumulating at the bottom?
I feel there is some accumulation, but the volume isn't large, only about 5 times the previous volume. Generally, the volume of accumulation at the bottom is more than 10 times the previous volume, because it hasn't dropped much, and retail investors don't need to cut losses, so they can't get their hands on the coins.

So why is Bome currently stuck?
The wash trading isn't sufficient; it can't go up or down. Coins listed on Binance don't drop randomly. If it drops too much, someone will grab the chips, and it won't be the big players buying. It's not that Bome won't rise; when the market comes, it will rise, but Bome's weight is still a bit heavy.

Now look at Dogs, this worthless VC coin, actually not many people are optimistic about it; the subsequent weight is light, and it's expected to rise significantly. Dogs clearly has big players and project teams involved, and its market cap has dropped to a minimum of 260 million, which looks pretty good, right? After all, it’s listed on spot trading. Overall, I think Dogs scores higher than Bome.

From the perspective of chip structure analysis, I believe BOME is not an exceptionally outstanding coin, but that doesn't mean it won't rise later. When big funds come in, it will rise significantly. The inscriptions have been thoroughly washed, but it still hasn't risen. Just waiting for the right opportunity.

Altcoins are starting to make moves again, DOGE and PEPE are also gaining momentum, let's see if they can lead the entire meme sector to new highs. PNUT saw a bullish candlestick yesterday, and ACT has yet to show any significant signs of stopping the decline, so we need to continue observing.

At the same time, coins like ADA, XRP, XLM, and EOS have all seen decent gains today, while ETH is still treading water. The altcoins that rose a few days ago have returned to their original positions, but the daily trend is gradually rising, making one feel hopeful only to fall into despair, a back-and-forth torment until retail investors are completely washed out, and then the bull market can truly begin.

The primary market is currently very competitive, with daily stories of wealth myths from new coins, but more often it’s stories of losses and going to zero. Therefore, large funds are still more suitable for mainstream coins in the secondary market, although prices are currently low, it won’t be long before they take off.

In the primary market, you can gamble with small funds; those who know how to play can try, while those who don’t should just hold onto their coins steadily, without fussing around, and in the end, there will definitely be rewards.

TON was listed on the 21st, this application was originally internationalized,
it may have risen too much in the last round and needs adjustment, now the market has adjusted to a double bottom,
I believe it will explode soon

Although TON rose a lot in the last round, many under the TON ecosystem were listed only after they had risen, so I think it is really worth paying attention to: NOT, CATI, HMSTR, DOGS, it's just that it hasn't rotated to them yet.

It feels like Ethereum's market is still relatively heavy. The excitement around Bitcoin's rise is more about hoping it can influence other altcoins. More people are still betting on Ethereum and altcoins. It's no wonder that Ethereum's whales have been washing the market so aggressively before; now the rise is slow and hesitant! It even feels like flying a kite, where they wash Ethereum until everyone loses confidence and wants to transfer funds to other cryptocurrencies, then they start to rise a little, and then continue washing, repeating this cycle!

The more it gets to this point, the more one must keep calm. You can understand the relationship between Bitcoin, Ethereum, and altcoins as follows: Bitcoin is the big brother, who finishes his meal and leaves some leftovers for Ethereum, who continues to eat, and only then can the rest be left for the altcoins! Hold onto your chips and wait for the wind to come! As for which coins to ambush, I've written a lot about it in my previous posts!

Summarize the key points at noon!
1. Btc has a volume reduction and a pullback, currently consolidating for 4 hours, and there isn’t much profit space for operations. Don’t expect a deep pullback before a long upper shadow appears; Bitcoin is oscillating while altcoins are taking off.
2. ETH will have a wave of corrective rally! Pay attention to the two levels of 3313 and 3270; you can go short at these levels, with a target of 3560 and a stop loss at 3250.
3. The old mainstream and public chains have experienced a one-sided upward trend; currently, old coins are rising while new ones are not. Ultimately, market funds will rotate to new coins, so be patient and don’t switch positions easily.
4. We are currently at a greed peak of 93; mainstream has started to fomo. Once the rotation among various sectors ends, there will be risks. The strategy now is to sell more as it rises; do not use high leverage, seek steady wins.
5. 1.38 billion USDT flowed into trading platforms within 15 hours, and another 1 billion USDT was issued early this morning. In the past 7 days, the circulation of USDC has increased by about 1.4 billion. Plus, yesterday, the net inflow of Ethereum spot ETF in the US was 92.3 million USD; the issuance and net inflow are bullish for the longs.
6. Market funds are flowing into mainstream altcoins, which is in line with expected trends; this is a good phenomenon. Chain games + meme coins are about to start; buy on dips and set appropriate stop losses.