11.21 Bitcoin is about to break through a major level, altcoins are waiting for a weekend reversal

Stable surges and drops with volatility, Bitcoin's trend is very stable, while Ethereum and many altcoins fluctuate and return to the starting point. The risk is still present. If Bitcoin continues to rise but the funds don't come out, the next few days leading up to the weekend will be risky. If it goes up, it will still come down; there are many roller-coaster-like market conditions. It's not recommended to operate on a large scale for a few points or ten points, just wait.

I do not believe Bitcoin will experience a particularly large drop in the short term. If there is one, I will definitely inform you. Before any occurrence, all trades should follow the logic of entering long positions on pullbacks.

BTC Daily - 4 Hour Level Market Analysis

The hundred thousand mark is not far off, and the target position is not difficult. It still follows the logic of strong upward movement and the logic of entering long positions on pullbacks. Only Bitcoin can be operated like this; I do not recommend doing this with others, or it will be very dangerous.

The overall logic is to enter long positions on Bitcoin pullbacks. Large-scale operations are not recommended; wait for the reversal of Ethereum over the weekend. Whether Bitcoin rises or fluctuates, high-level fluctuations also require time for digestion and waiting. The outflow of ETFs and exchanges is too severe. Overall, view Bitcoin as an individual bull market, and after it finishes, look at altcoins.

BTC Intraday Level Analysis

· The intraday market is still focused on entering long positions on pullbacks. Currently, the pullback target is the support level near 96000, the first support near 95000, and the short-term pressure above is around 98000. For the day, focus on long positions; pullbacks can be bought, and I will not comment further on Bitcoin.

· Ethereum's position is more difficult than I anticipated. It seems the probability of a rapid rebound in the short term is low. The support has now reached a position, and one can buy Ethereum on the pullback. Just ensure that it does not drop below around 3050, which is the buying point.

In this kind of market, just reduce leverage when shorting. In this kind of market, do not casually short; shorting may lead to losses. The trend for shorting has not reached the point, so there is no need to rush.