Biden is under immense pressure, does anyone know why? Because the Democratic Party has proposed to impeach Biden, and it seems that even his own people are not supporting him anymore.
Why impeach Biden? They are afraid it might lead to S3 public opinion. If you don't know what S3 is, you can imagine for yourself. The chances of a successful impeachment are slim. However, it is possible that some global sensational actions may be initiated using Biden as a pawn.
🌹 Market outlook for December 1st afternoon. 🌹
$BTC opinion:
Bitcoin has broken through 96378 with volume, and the hourly closing price is above 96378, so go long on the right side and recover the stop loss.
Bitcoin's pullback to 95761 shows a 2b false breakdown, and there’s a recovery action, so you can add a position. The low point of the false breakdown is the stop loss.
If 95761 breaks down with volume and cannot recover on the right side, go short and recover the stop loss. Pay attention to changes in volume.
Above Bitcoin, watch for 97342 for a 2b false breakout, you can short a small position. If it breaks and holds above 97714, you must stop loss.
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Conservative players wait for 94886 to add a long position; stop loss at 94335.
Upper pressure levels: 96637-97258-98145
Lower support levels: 95662-95131-94641
The weekend market will continue to fluctuate like this, and Bitcoin on the hourly level is undergoing a five-wave pattern according to wave theory. The premise must be to break and hold above 97154 for the five waves to form.
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$ETH thoughts:
Ethereum has broken through 3683 with volume, go long on the right side and recover the stop loss.
Ethereum's pullback to 3666 confirms effective support, you can add a position, stop loss if it breaks down.
If 3666 breaks down with volume, go short on the right side and recover the stop loss.
Above Ethereum, pay attention to 3779 to short a small position with light load, if it breaks 3800, get out quickly. Remember not to hold positions.
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Left-side orders: directly go long at 3629, stop loss at 3600.
Upper pressure levels: 3719-3779-3800
Lower support levels: 3661-3631-3600
Weekend orders should be executed as they come; if not available, take a good rest. Don’t always think about opening orders; appropriate relaxation is beneficial for trading.
Money can never be earned endlessly, but losses can be. Meeting adjourned.