Track the real-time hot spots in the currency circle and seize the best trading opportunities. Today is Sunday, November 24, 2024. I am Wang Yibo! Good morning, fellow coin friends. ☀Iron fans check in👍Like and make a fortune🍗🍗🌹🌹
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Bitcoin consolidated sideways before breaking through $100,000. Ethereum's strong pull-up tested $3,500, prompting the altcoin market to have a strong pull-up. The rotation rhythm between the sectors has accelerated, especially the old currencies have broken the long-term silent trend. LTC, ETC, BCH and other old currencies have a strong pull-up rhythm. Bottom-fishing plunge and capturing sector rotation In the early and mid-term bull market, the market occasionally plunges. At this time, picking the bottom can often make steady profits. At the same time, sector rotation should not be underestimated. When the market starts, the sectors rise in an orderly manner, and the sectors that have not risen will eventually make up for the rise, but note that such opportunities are not frequent!
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After several days of continuous rise, Bitcoin finally pulled back during the day, and as expected, it fell back to the first support level of 97200 (the long position of the live broadcast room), and is currently fluctuating around 98000. From the current technical structure, although the decline is strong, it is only a short-term impact and has not affected the reversal of the trend. The bulls still maintain their posture, but they are not strong. Don't chase the short position. Under the shock, the retracement is in place, which means going with the trend. The early trading to tomorrow morning is the key period of the trend. Whether it can break the 100,000 mark depends on the next key position of 99,000. Similarly, we still look at the closing situation at the 4-hour level. If the closing is above this, it will continue to look at 99,650 to 100,000+. On the contrary, if the closing is below this, pay attention to the vicinity of 98,000-97,200;
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Ethereum also changed its previous decadent state yesterday. After rising to 3350 in the morning, it slightly stepped on the consolidation and has never fallen below the 3310 line. In the evening, it finally exceeded the high of 3450 and came to the vicinity of 3500 for a correction, just stepping back to the support of 3380. It is currently fluctuating at the 3430 line. Pay attention to the hourly closing of 3450 in the morning. The upper pressure is 3550-3580, and the lower support is around 3400-3360 (the bullish trend is still strong if the second support is not broken);
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