Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities. Today is Monday, November 25, 2024. I am Wang Yibo! Good morning to all coin friends ☀️ Die-hard fans, check-in 👍 Like for big profits 🍗🍗🌹🌹
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Bitcoin has stopped at the position of 100,000 USD, which basically meets expectations. Market liquidity has improved, and large market cap coins have started to rebound, especially with XRP, ADA, and SAND leading the way with tax exemption benefits. Although Ethereum has shown weak performance so far in this round, its related assets such as UNI, LINK, and other DeFi projects are also average. This is still because Solana is indeed revolutionizing Ethereum in various aspects such as ecosystem size, application products, wealth generation efficiency, speed and transaction fees, and chain performance, not to mention that capital is leading the push for Solana. However, Ethereum is still the leader among altcoins, and the rebound will eventually come; patience is key.
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The drastic fluctuations in the market yesterday were essentially just sector rotations, creating momentum before switching popular sectors. At this moment of turbulence, it might be a time for people to get trapped, or perhaps it's when others start cutting losses at the bottom. The market's movement yesterday changed from the chaotic rise of the day before, and many people are at a loss, not knowing what to do. For many old coins that have recently risen, some have entered at high points, leading to hesitation among many. These old mainstream coins can be seen as a current phase of hotspots because their role is significant; they can effectively awaken those who had previously exited the market to return, bringing in new funds. Subsequently, major sector leaders and medium to large market cap coins will experience a good wave of rebound, eventually leading to small market cap altcoins.
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Bitcoin's market on Saturday and Sunday moved slowly, primarily adjusting, which was within our expectations. After touching a new high of 99623 in the early hours of Saturday, it began to pull back into an adjustment phase, reaching a low of 95840 at midnight before starting to rebound, currently operating near 98000. From the current structure, the price has entered a correction trend after a high push and pullback, and it seems to be correcting in price. The pullback is also limited. This can be understood as a method for bulls to accumulate strength, as there is still ample space above. As long as there is no deep pullback or continuous reverse movement in the short term, it is not enough to form a reversal. We still treat the subsequent price action as an accumulation, and after the trend is completed, the price will again rise. At the beginning of this week, we still maintain a bullish outlook for breaking the previous high.
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Ethereum reached a high point of 3500 on Saturday night and subsequently entered a correction, currently stopping at the lowest point of around 3282. From the current technical structure, the coin price is within an upward channel, and the slight pullback does not affect the overall trend. The strong structure remains unchanged, so continue to participate with a bullish mindset. Currently under pressure in the upper area, it has shown some pullback, but the intensity is not great. In the short term, focus on the breakout situation of the resistance platform around 3460-3500. It is currently maintaining within the channel and holding support, and does not show significant pullback. If it rises and closes at a high position, maintaining a high-level fluctuation, the expectation is still for a time correction, so the lower lows will not easily break. Therefore, operations can still be bullish on pullbacks.
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In this market, ultimately it is about capability. If your capability is insufficient, the market will eventually take back what it has given you. Therefore, when your wealth exceeds your capability, it is necessary to control the pullbacks, although this control is often in vain, because that kind of arrogance and hubris in profits will ultimately destroy a person's rationality. However, we need not worry about our wealth being lower than our capability in the capital market, because this kind of imbalance will eventually be corrected by time. If it has not been corrected, there is only one reason: your capability is insufficient. If you are still in a state of confusion, not understanding technology, unable to read charts, not knowing when to enter the market, unable to set stop losses, not knowing when to take profits, recklessly increasing positions, getting stuck while trying to catch the bottom, unable to hold onto profits when the market fluctuates, and missing out when the market comes, these are common problems faced by retail investors. But don't worry, come to me, and I will guide you on the correct trading mindset. A single profitable trade speaks louder than a thousand words, and seeking help from Yi Bo is better than repeated failures! Frequent operations are not as good as precision in each trade, so make every trade valuable. What you need to do is find Yi Bo, and what we need to do is prove that our words are not empty. 24-hour real-time guidance, as market fluctuations are quite quick. Due to the impact of review effectiveness, for subsequent market trends, real-time deployment is the main focus. Friends in need of contract guidance can scan the QR code below the article to add my public account.
