11.22 Early rebound of Ethereum and the surge of Bitcoin, altcoins are about to surge soon!!!

U.S. SEC Chairman Gary Gensler announced he will resign on January 20 next year. The two most likely successors are Brooks and Atkins, both of whom have proposed crypto-friendly policies. The market in January may become even crazier with more favorable policies.

The large-scale Bitcoin is still rising, but the risk is that many retail investors are unloading. The key psychological level of one hundred thousand is a technical level that cannot predict the market trend anymore. If you insist on going short, just do it briefly and manage your capital preservation.

Next is the market trend led by Ethereum and altcoins. Don't panic or rush; take it step by step. Altcoins will also come back over the weekend.

BTC Daily - 4 Hour Level Market Analysis

The one hundred thousand mark is not far away, and the target position is not difficult. It still follows the strong upward logic, and the logic of pulling back for long positions. Only Bitcoin can be operated like this, and it is not recommended to operate like this for others, otherwise, it would be very dangerous.

Under the logic of Bitcoin's rise, Ethereum has reversed early, 24 hours earlier than expected. The market trend is not very difficult; since it has moved early, just start to set up ambush, buy and hold, and then wait for a short-term exit.

BTC + ETH Intraday Level Analysis

· The intraday market is still entering long positions on the pullback. Bitcoin's position is around 98800-98500 on the strong pullback and does not break. If it doesn’t break, continue to look for upward trends. The strong downward logic also needs to look at the support position around 97900. There is no need to rush to digest, and the subsequent trend will still be upward; watch altcoins and Ethereum!

· The position of Ethereum is indeed more difficult than I expected because it has been pulled up early. The unpredictability of the market makers is evident. Ethereum's short-term market is facing pressure and will inevitably need a round of corrections; during the correction, it will continue to rise. The upper pressure is around 3440, and the bottom support is around 3320. If it comes back to support, you can choose to continue entering altcoins.

In this kind of market, just reduce the leverage when going short. In this kind of market, do not casually go short; going short will get you hurt. The trend for going short has not reached the point, so do not rush.