11.25 The main trend within the cycle is consolidation, with Bitcoin continuing to build momentum upwards, while funds slowly flow out of altcoins. The Bitcoin cycle market is expected to continue its upward trend after consolidating this week. It has successfully hit the resistance level near 95,000, and remains bullish. However, this week should primarily focus on altcoins, which are showing significant gains. In the coming days, we will observe a rotational market; sometimes gains come slowly but suddenly increase over time.
$20 billion USDT has been minted on the Ethereum blockchain, and another $10 billion USDT has been minted through continuous trading on the Tron network. Indeed, funds are overflowing outwards, so there is no need to panic or worry; the market is gradually improving.
BTC Daily - 4 Hour Level Market Analysis
The hundred thousand mark is not far off, and the target position is not difficult to reach. The logic of strong upward movement and corrective buying orders still applies to Bitcoin. Other cryptocurrencies are not recommended to be traded in this manner, as it could be risky.
A pullback is expected before Monday. If the pullback successfully rebounds at a significant support level, then focus on whether the upper resistance can be broken. The significant resistance is around 99,500, and within the day, we will see if we can break through the hundred thousand mark. The recent pressure is around 98,500, with bottom support at 95,000 holding up the recent support around 97,000.
BTC + ETH Short Bull Level Analysis
· The intraday market continues to see buying on dips. Bitcoin is now on a rising trend, with around 97,500 - 97,800 being a crucial level. If it does not drop below this, it will push higher, but the hundred thousand and around 99,500 are major technical resistance levels. First, take the gains and then watch for fluctuations.
· Ethereum's position represents altcoins, with significant targets around 3,750 and 4,000, which are not far off. Hold onto low-position chips, and then continue to rise. The day has already seen a pullback to the right level, with smaller pressure levels around 3,400 and 3,450; a pullback here is a signal to enter long positions.
In this market situation, those who were bearish on the larger scale recently are foolish, but that's fine. It seems the bearish big shots are getting more people to exit; I hope they continue to call for exits.
If you don't understand being trapped, just find me. If you encounter someone unworthy, you can also find me; at the very least, I won't go against my conscience. #PCE与美联储纪要公布在即 #BTC创历史最大月度涨幅