Share the current market analysis.

Weekly:

Last week closed with a long lower shadow bearish candlestick (this week's close also confirmed last week's analysis of the white three soldiers formation being obstructed), indicating that the support below is relatively strong. Compared to several exchanges, the trading volume is decreasing, and the combined pattern is a pregnant line. Observe next week's closing situation; if next week's close is a bearish candlestick, then it confirms this week's close as a hanging man, which is a bearish pattern. Currently, it appears to be a consolidation line, and the market is temporarily unable to rise, with bulls gradually losing strength and starting to enter a consolidation trend.

Daily:

On November 26, the close formed a volume-increasing downward star line backtesting the previous triangle flag upper line support. Currently, a larger consolidation range has formed, 99800-90742. This morning's close was a small bullish candlestick with decreasing volume. The upcoming market may continue to maintain a consolidation pattern, requiring more details to determine the direction chosen after the end of the consolidation range.

Summary:

The weekly level is in the mid-stage of a bull market, and a volume-decreasing bearish candlestick has already appeared, forming a pregnant line. Therefore, the probability of subsequent market consolidation is greater than a decline, and the decline is greater than an increase. Observe the subsequent closing situation to increase judgment basis.

The daily level is in a consolidation phase after an uptrend, currently forming a consolidation range of 99800-90742. Observe the strength comparison of bulls and bears within the consolidation range to determine the short-term direction at the daily level.

This week, as Bitcoin remains sideways, Ethereum has led the altcoins in rotation, with the general low points of altcoins gradually rising. Yesterday's monthly close for Ethereum showed a good formation, which means that the rotation of altcoins can continue in December. During this process, the necessary washouts will still occur. In the first quarter of next year, Ethereum's Prague upgrade, along with the expectation of whether the Ethereum ETF staking will pass, means that the Ethereum system will still be somewhat strong.