From the daily chart, BTC is currently in a small positive line with a long upper shadow and a short lower shadow. The trading volume is the same as the previous day, showing a rebound trend. However, the trading volume is still insufficient, indicating that the market is still weak in the short term. The MA30 line maintains an upward trend, the MACD is above the zero axis, and the downward momentum is gradually weakening.
After the U.S. stock market opened yesterday, funds continued to flow in, but as it approaches the end of November, we need to be wary of sharp fluctuations at the hourly level. The U.S. stock market is closed for two days over the weekend, and altcoins may continue to rebound strongly. After the U.S. stock market opens next Monday, pay attention to the flow of ETF funds. If Bitcoin rises less than 3%, it will have a chance to break through the 100,000 mark, but we still need to be wary of the callback after the breakthrough.
ETH daily line shows a small positive line in the form of a cross star, and the trading volume is one-fourth less than the previous day. The market maintains a high-level shock and consolidation trend. The MA30 line continues to rise, and the MACD is above the zero axis, but the upward momentum has gradually weakened.
In the short term, the market will continue to fluctuate and consolidate, and we need to wait for the injection of ETF funds after the opening of the US stock market to push prices up further. However, it should be noted that if Bitcoin breaks through the 100,000 mark and then falls back, ETH may also follow suit and the adjustment can be regarded as an opportunity to buy on dips.
The recent altcoins have all been experiencing breakthrough trends.
It seems that the increase from the bottom is very high, but in fact, from the perspective of the overall rising trend, it has just begun.
SUN
The daily chart shows a small positive line with upper and lower shadows, and the trading volume is basically the same as the previous day. The overall trend is oscillating upward. The MA30 line still maintains an upward trend, and the MACD is above the zero axis, but the upward momentum is gradually weakening.
In the short term, if Bitcoin does not fall sharply, SOL may continue to maintain a trend of shock consolidation, and the daily level will show a relatively healthy upward trend. The price breaking through $300 is still the short-term goal. Recently, altcoins have generally shown a breakthrough market. Although the increase from the bottom is large, from a longer-term perspective, the overall upward trend has just begun.
REZ
The daily chart of REZ shows a pre-breakout accumulation. The current pattern shows that the price is preparing to break out. After the breakthrough, it may experience a retracement and move to a higher position again. The daily level trend shows that REZ is ready to usher in a short-term breakthrough.
AR
As a high-quality currency in the storage track, AR has always attracted much attention from the market. The project is planning to convert to the public chain token AO. It is expected that AO will be officially launched in February next year, and the token economic model has been announced.
From a technical perspective, AR's daily golden cross has formed, and the current price is about US$24. It is recommended to arrange at this price, with a profit target of US$30.
