Analysis of hot topics in the cryptocurrency circle on December 2:
Powell's speech overnight did not reduce the market's expectations for the Fed to cut interest rates in the first half of next year. The US dollar index fell, funds surged in the market, and Bitcoin hit the $39,000 mark, setting a new high in this round of rebound. Ethereum was slightly hesitant in the face of previous high resistance, and the 2120 resistance was not broken for a long time.
The current market sentiment is unlikely to undergo a deep adjustment, but it lacks the momentum to break upward, so maintaining high-level fluctuations has become the path of least resistance.
Over the weekend, Bitcoin will continue to focus on fluctuations in the 39,000-38,000 area, while Ethereum will focus on fluctuations in the 2040-2120 area.
Hotspot 1: Bitcoin Inscription
The inscription leader ORDI continued to rebound, driving the Bitcoin inscription market to boom. Inscription NFTs such as BitFrog rose again overnight, setting a new high.
Hot spot 2: Terra series
Among Terra's three musketeers, LUNC has risen sharply again, and we will continue to pay attention to the market's expectations for Mint Cash airdrops.
Hot spot 3: Oversold sectors
Continue to pay attention to the high-quality stagflation projects (15%-20%) that have adjusted significantly since the high point. The price has fallen back to the 30-day medium-term moving average. Such patterns can be paid attention to. For example, MATIC mentioned yesterday has been launched yesterday, and OP that has not been launched can continue to be paid attention to. In addition, MBOX, which has been continuously adjusted for more than a month, can be tracked and ambushed in the near future.
