In late December, the market enters a typical year-end market rhythm.

**Mainstream Currency Observation**

Regarding Ethereum, the current 4-hour level rebound has been fully released, and a temporary high point has been established, requiring a short-term adjustment and consolidation. Bitcoin is still being suppressed by the key resistance level of 90,000, and the most realistic strategy right now is to buy on dips for a rebound, while maintaining a short position in the medium term, waiting for clearer breakout signals.

**Popular Track Dynamics**

The meme tokens in the Solana ecosystem are still crazy. A certain token skyrocketed over 30 times from its lowest point this morning, with its market value jumping from 24K to over 763K. This kind of volatility in a short period is essentially a typical viral spread effect, characterized by strong speculative properties, with fluctuations so intense that it can be termed "performance art" level. The privacy coin sector shows signs of recovery, with the supply of a certain privacy coin increasing nearly threefold to a scale of 5 million coins. Coupled with the promotion of Grayscale Trust filings, the narrative around privacy concepts has clearly intensified towards the end of the year.

**Market Sentiment and Risk Warning**

The current market sentiment is in a state of extreme fear, with investors exhibiting strong risk-averse behavior. Traditional assets such as gold and silver have reached historical highs, while there is a noticeable outflow of funds from the crypto market. As the year-end approaches, trading liquidity is becoming thin, and the pressure from tax-related sell-offs continues to accumulate. During the Christmas period, there may be sideways fluctuations or a downward trend, so it is essential to prepare for risk management.