November 26th Old Leek Says Coin

Market Review and Analysis

After yesterday's live broadcast ended, Bitcoin and Ethereum both took a hit, but the drop wasn't significant. I mentioned in the live stream that Bitcoin could be gradually exited. A simple point is that Bitcoin might not crash suddenly, but a few points of decline is normal. In the early morning, Bitcoin dropped directly by $6000, but the decline wasn't too severe; it didn't even reach ten thousand. Ethereum dropped but quickly rebounded, and altcoins didn't really drop much. As mentioned in last week's post, Bitcoin's drop is for capital transfer, and the focus now is on the rebounds and catch-ups of Ethereum and altcoins. I explained this clearly in yesterday's live stream; the next focus is on the gaming sector and the AI sector, focusing primarily on the AI sector for layout. Today we can start with the headrest, first laying out in the internal group before spreading it out, and the initial layout may not be public.

Today's Highlights

BTC's market fell to a low of over 92,000, and I don't have a good viewpoint on Bitcoin at the moment. I explained this clearly in yesterday's live stream; gradually exiting is fine. Focus on the trends of Ethereum and altcoins; whether they can drive a collective altcoin season (collective rebound and strengthening) will depend on how the market moves step by step.

ETH falls and then rebounds, just like Bitcoin's trend at that time; it fell and quickly bounced back up. The hourly chart has already recorded two spikes with positive closes. The daily level may continue to push up. It has stabilized around 3400 points, and there is a high probability that it will challenge the 3700-3800 range. Whether it can break above 3800 points is uncertain; it's all possible. Whether to take this tail end is up to everyone's decision; I only provide highlights and suggestions. The daily support level is first looking at the first line around 3360, with effective support located in the 3280-3320 range.