Early review: The current price of Bitcoin is around 97,000 and continues to rise as expected!
In yesterday's trend analysis, Muyang said that this small-scale pullback of Bitcoin is normal, and the market outlook will continue to be bullish. He also pointed out that the support in the small cycle is at the 95,000 line. From the perspective of the Fibonacci sequence, 102,500 points will definitely break through. At present, Bitcoin is in a channel shock and has not fallen below the key position of 91,000. In plain words, as long as Bitcoin does not fall below 91,000 during the shock, then we must be firmly bullish! This small-scale shock retracement is less than 10%, which is a very normal fluctuation! So the current trend is still a bullish trend!
At present, Bitcoin is very stable in this range. If it rises and falls sharply, it will be detrimental to our operation. Therefore, as long as Bitcoin maintains in this range, we should soon see Bitcoin break through the historic $100,000 mark! At present, Bitcoin is fluctuating in the triangle breakthrough area at the 1H level. We need to pay close attention to the 95,600 line during the day! Let's see whether the 97,200 line can stand firm. This is a key suppression position!
ETH: It is still very weak at present, because of the daily selling pressure from the Foundation. We can see from the data of the exchange that ETH is almost being dumped every day, and the number of dumps this month has reached 600,000, so it is still necessary to see whether it can break through the 3750 line! Pay attention to the 3531-3570 line during the day and intervene when the opportunity arises!
Regarding the altcoins: Let’s focus on JTO. Next week, there will be about 170 million unlocked. At present, our JTO floating profit is more than 1 times. Pay attention to clearing the position before December 3, and wait for the unlocking shock before choosing the opportunity! WLD/ARKM is rising steadily! Every evening, the shepherd will take time to record the evening market video and randomly explain a altcoin! Just keep paying attention!#市场波动，加仓还是观望？
