Morning Market Summary: Mainstream asset sectors surged over 4%, leading the overall market. Hot topics such as AI concepts, DeFi ecosystems, cross-chain bridges, NFT applications, and public chain infrastructure continued to rise. The AI concept performed especially well, with the number of related coins hitting the daily limit still maintaining above 20. This wave of gains was mainly driven by the continued anticipation of public chain performance upgrades, with the public chain sector rising another 2 percentage points this morning. Honestly, I did not participate in this round of market rally and am not planning to chase it either. But looking ahead, if there is a pullback, it could actually be a better opportunity to enter.

Small-cap coins face differentiation pressure. In the morning, sectors such as small-cap tokens, stablecoins, and asset management tokens, which had recently seen significant gains, experienced a clear pullback. The decline in these sectors once exceeded 2 percentage points. Due to the rapid increase in small-cap coins this year, I do not recommend chasing the highs anymore, and for sectors where good news has already been fully digested, the risk of subsequent declines and adjustments still exists. The entire morning showed a pattern of opening high and then falling, indicating a clear signal of weakening upward momentum.

Key resistance levels are imminent. The secondary market index is facing the 3300-point hurdle, urgently needing a large-volume bullish candle to reaffirm the upward trend. If it cannot break through, a triple top will form on the chart, increasing the risk of a downward correction. In the medium to short term, I believe we should remain cautious about the market and guard against the possibility of accelerated declines.

Mainstream coins hit new highs but with insufficient volume. In the morning, major assets opened lower and then moved higher, rising by 11 points. The daily chart shows seven consecutive days of gains, also reaching a near-term new high. It has been above the 20-day moving average for five consecutive trading days, which looks promising. However, the trading volume in the morning was only about 480 billion, and it is expected to be around 800 billion for the entire day. This is a typical volume-contraction rally—without sufficient volume support, the upward momentum is weak, and the risk of a pullback after a surge increases. Therefore, in the afternoon, we should also be cautious of a sharp decline from high levels, with the 5-day moving average serving as the first support level today.