November 21 Intelligence Bureau Market Deep Dive
BTC has been advancing steadily, continuously setting new historical highs, but its rise has shown a trend of decreasing volume. This phenomenon indicates that most retail investors are in a wait-and-see state, hesitant to enter the market easily. Meanwhile, technical indicators have already shown signs of a bearish divergence.
Despite this, the rally of BTC has been extremely strong, and under such circumstances, there are very few investors willing to take the risk of shorting, as the risks associated with shorting are very high.
This round of BTC's price increase has successfully broken through the upper edge of the ascending channel, and those holding BTC long positions and related assets have undoubtedly reaped substantial profits.
The current market landscape is showing a clear polarization; within the market, only BTC continues to rise rapidly, while altcoins keep declining.
Once BTC reaches its peak and begins to decline, the situation for altcoins is likely to become extremely difficult, and the market may fall into chaos with prices plummeting, which can be described as 'a river of blood'.
Therefore, investors holding long positions must set stop-loss levels to effectively avoid potential significant risks. Follow the public account: Coin Old Words, avoid wasting good skirts.
Additionally, in the field of artificial intelligence, based on the information reflected in Nvidia's financial report, if BTC can maintain a high-level oscillating market pattern, then a series of AI tokens such as GRT, WLD, RSS3, AI, etc., are relatively less likely to see corrections in the short term, which also provides certain reference bases and investment ideas for investors in related fields.
