11.28: Overview of the evening market:
The US stock market will be closed from 22:30 to 05:30 tomorrow morning on Thanksgiving Day, so there will not be much volatility tonight; it is still in a volatile range of 94K-97K during the day. If it can stand above 97K at night, I think there will be a chance to touch the high point of 99K again and create a new high next week; on the contrary, if it falls below 90K, it means that a round of market decline will continue, and the proportional correction will reach around 86K, with support at 94756 93999 93242 and pressure at 95924 96658 97208
24-hour full-network liquidation of 277 million US dollars, long orders of 116 million US dollars and short orders of 160 million US dollars; from the liquidation map, the long orders near 93456-94748 are densely packed and have high leverage. Will the dealer liquidate the long orders on the left?
ETH is trading sideways at a high level now. It is estimated that it is looking at the trend of Bitcoin to set its own direction. After all, Bitcoin has pulled back to Ethereum's rise or traded sideways at a high level instead of making up for the rise in the past few days, which has given Ethereum enough face. Now Bitcoin has not completely gone out of the direction, so Ethereum dare not act rashly, and it is fluctuating in the range of 3549-3706;
If Bitcoin stands firm at 97K, then Ethereum will follow and go to around 3800-4000. On the contrary, if Bitcoin falls below 90K, then Ethereum will pull back to the horizontal support line of 3260; Ethereum's liquidity is sufficient in the past few days. BlackRock's ETF holdings of Ethereum have reached 625,527, setting a record for the highest transaction on the same day in history. Institutions are also switching channels to Ethereum altcoins, and I expect the altcoin season to follow; support is 3519 3468 3417, and pressure is 3659 3698 3717
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