Today the market is correcting, and the monthly line is expected to correct into an inverted hammer line, followed by a sideways consolidation. This month, the monthly line needs to form a long upper shadow inverted hammer line to conform to the pressure from the current month's bullish line and the subsequent half bearish pressure;
By December 1, the lower support line will appear, based on December being under half bullish pressure. The lower support line in December will not be very long; the lower support line will appear on the 1st, followed by sideways movement until the evening, then from December 2 to 3, a rally will occur, pushing up to December 6, and on December 7, the weekly line will open with a lower support line, followed by sideways slight increases, and on December 13 to 14, 2024, the king bomb trend line will open!
According to the deduction, the entry timing for the bullish correction is from 21:00 to 23:00 on November 30, 2024, and the early morning of December 1 for the lower support line;
That is, the sideways consolidation of Bitcoin and the time to enter the lower support line is also the time to intervene in the three-line cryptocurrencies.
There are too many cryptocurrencies with the same type and business that are grabbing market share, and the garbage coins are leading to capital diversion... The last round of third and fourth-tier cryptocurrencies' application market share is severely insufficient, and the strength of third and fourth-tier coins is both poor and stingy; unlike the big players in head cryptocurrencies who are scrambling for funds, it is expected to be very difficult to release the trapped positions at the high points of the last bull market.