I just saw Wall Street's Nine Sister liquidate over 15 million USD, and the coin circle's Peng Yuyan liquidate 300,000 USD. I can empathize; people get carried away and go head-to-head with the big trend. I also used to be stubborn and confrontational. The result is that I ended up liquidating instead of just taking a small loss and exiting. It's crucial to set stop-losses and resist the urge to act rashly.
Currently, it seems that BTC is still lacking an accelerated upward trend before the drop. I hope it can maintain a range of 95,600—99,500 for a while, then spike to 100,000 to create an upper shadow, followed by a downward sell-off. The next upward wave will be the last chance to escape. A major adjustment is expected in December. Here are the key points for the evening:
1. BTC's 4-hour bullish engulfing candle has swallowed three bearish candles, indicating a short-term bearish signal. The support at 97,100 has failed to hold, and the next support around 95,600 might be tested. If 95,600 breaks, the downward trend will be established, breaking the range.
2. ETH's 4-hour MACD is about to form a death cross at a high level, with support at 3,230, 3,080, and defending at 3,200.
3. The market greed index has dropped from 94 yesterday to 80 today, which is a good thing.
4. As BTC pulls back, choose to place staggered orders for the harder-hit coins.
5. The small fox company is about to release its coin, and it’s definitely a value coin; keep an eye on it.
6. The meme sector is extremely weak, with funds being withdrawn. Neiro, pnut, and Act have almost identical trends; they rise and then are sold off. I won't pay too much attention to them in the short term. Friends who want to buy should place staggered orders at least 10 points apart in three parts for safety.
