Tracking real-time hotspots in the cryptocurrency world, seizing the best trading opportunities. Today is Saturday, November 23, 2024. I am Wang Yibo! Good morning to all cryptocurrency friends ☀️ Die-hard fans check in 👍 Like for big profits 🍗🍗🌹🌹
Overnight, the three major U.S. stock indices closed higher collectively, with the Dow Jones up 0.97%, accumulating a 1.96% increase this week; the S&P 500 index rose 0.35%, with a cumulative increase of 1.68% for the week; the Nasdaq rose 0.16%, with a cumulative increase of 1.73% this week. Large tech stocks showed mixed results, with Tesla up nearly 4%, Microsoft up 1%, and Apple, Netflix, and Intel slightly up; Nvidia fell over 3%, Google dropped more than 1%, and Amazon and Meta slightly declined. Among them, Tesla reached a new high since April 2022, with a total market value of $1.13 trillion; Netflix set new highs for five consecutive trading days. Bitcoin reached a new high, breaking through $99,500, and the altcoin market began to show differentiation, with newly listed coins leading in declines, while older coins with narratives topped the gainers' list.
We are about to witness the historic milestone of a $100,000 Bitcoin. In recent days, the market has continuously risen to high levels, with the prices of Ethereum and other mainstream coins being elevated repeatedly. Bitcoin is just one step away from the $100,000 mark. How will the subsequent market trend develop? Bitcoin has had five consecutive days of strong rebounds, closing higher. From the perspective of the weekly rebound space, it is also forming a four-day upward surge. However, we need to pay attention to whether the $100,000 mark can stabilize and guard against a market probe followed by a retreat; it is not advisable to chase high prices again. Previously, the growth was steady and slow, but as the volume increases, we must also guard against the risk of probing high and then falling back! From the 4-hour chart, we see a strong rebound moving upwards based on the mid-track. Today is Saturday; whether the market continues to rise or maintains the previous tug-of-war trend remains to be tested. Personally, I predict there will be a probing high and pullback today, and the closing position will determine the strength of the subsequent market. Will it be a high probe followed by a decline, or a high probe followed by horizontal consolidation and accumulation? The short-term strength transition will be determined. From a market perspective, there is still a significant risk of probing high and falling back, so it is not advisable to chase high today. The main strategy should be to attempt to short at high points after a surge!
There will definitely be a season for altcoins, but not all altcoins will rise, so selecting coins is very important. The cryptocurrency market is highly competitive, and the long-tail effect is very weak. If the coin you choose does not have new hotspots to attract funds, then the sustained value (long-term consensus) of this coin is generally quite weak and simply cannot support long-term capital inflows, leading to rapid shrinkage in market value. A track from a year ago may only have one strong leader left after a year, while others have been obscured. For example, the leader in the inscription track, Ordi, can you think of any other inscription coins besides this? What is the current situation of these coins? Compared to historical highs, how much have they shrunk now? Coins like BTC, SOL, and PEPE have all broken historical highs now. Why are some altcoins lagging in this round of bull market? I suggest friends change out of junk coins; holding onto them will only cause you to miss this round of bull market.
In this market, ultimately, it still comes down to ability. If your ability is insufficient, the market will eventually require you to return what you have received. Therefore, when your wealth exceeds your ability, you need to control your drawdown, although this control may be futile since that kind of arrogance and hubris in profit will eventually destroy a person's rationality. However, we do not have to worry about our wealth being below our ability in the capital market, as this kind of imbalance will ultimately be corrected by time. If it has not been corrected, there is only one reason: your ability is insufficient. If you are still in a state of confusion, do not understand technology, cannot read the market, do not know when to enter, cannot stop loss, do not know when to take profit, recklessly add positions, get stuck at the bottom, cannot hold profits during volatility, and fail to catch the market when it comes, these are common problems for retail investors. But it’s okay, come to me, and I will guide you in the correct trading mindset. A thousand words cannot compare to a single profitable trade; repeated defeats are not as good as seeking Yibo! Frequent operations are not as good as accurate trades; let every trade be valuable. What you need to do is find Yibo, and what we need to do is prove that our words are not empty. 24-hour real-time guidance; the market volatility is relatively fast. Due to the effectiveness of review, for the subsequent market trends, real-time arrangements will take precedence. Friends requiring contract guidance can scan the QR code below the article to add my public account.
