#财九州

1. This round is a bull market driven by ETH, with DAT+ETF US stocks as the main spot players. The price of BTC is the initial gear of capital confidence in ETH, but now MSTR's mNAV has further declined, forcing us to seriously consider the possibility of a continuous decline. Additionally, Tether/Circle has also seen a downgrade in market ratings.

2. The monthly line of ETH did not close above 3060, but there is still a favorable factor of a rate cut in December that has not yet materialized. Therefore, if ETH rises again, I will consider continuing to short around this area, with a very short stop-loss and high ROI.

If it can hold steady at 3100, then we need to analyze macro trends to see if there is a reversal.

3. With the recent heated discussions about the tightening of domestic policies, there is a further prevention of domestic liquidity escaping through stablecoins. For large volumes, consider cashing out through offline stores with Hong Kong licenses, or collaborating with certain large commodity long-term investments.

4. Assets Worth Bottom Fishing in a Bear Market $ASTER $HYPE $BNB $ONDO .
① BNB and ASTER are somewhat similar to company shares held by the largest stakeholders; as long as the industry exists, it should not perform poorly. The airdrop of ASTER will affect the performance at the end of the year. The destruction on 12/5 does not involve real buying volume, and the buyback mechanism will not be evaluated for now. After a deep washout in a bearish trend, the ROI will be relatively high. BNB is falling very slowly, and the monthly support is still far away.

The expectation of ONDO is that in the future, if US stock IPOs can be linked with blockchain ICOs (, for example, becoming a way out for small-cap stocks ), US stocks DAT and ETFs will continue to have an accumulation cycle, with the possibility of new bull markets.