Yesterday, short orders were placed above 91800, with a cost averaging around 92000, directly taking a profit of 3000 points from the short position; I judge this is a rebound for the market; the trend has been validated.
Currently, the market is fluctuating around 90000 to 90500, with the weekly lower lead line at 88714. Since the lower lead line has been reached, combined with the monthly line's bullish pressure, the next step will be to rise; however, the one-hour consolidation is insufficient, and there has been no break in the one-hour consolidation, indicating that a direct bullish line is not possible.
Second type of control: Lower lead line 88714, currently the market is fluctuating between 90000 and 90500, so the possibility of a doji this week is higher;
Next week, on 2024.11.24 early morning, KX will open the weekly line, with the lower lead line around 88714, and the opening price around 90600, if the lower lead line is achieved, it will quickly rise to 100,000 to 116,000 dollars;
The current price of the market is very unappealing for entry; better to hold onto the positions in ATOM, DOT, XMR that were accumulated during last week's pullback.
My personal view: The strength of the three-line mainstream coins will only wait until the big pie reaches its peak and the funds are exhausted, without any upward space, the flow will return to the three-line coins.
