Track real-time hotspots in the cryptocurrency world, seize the best trading opportunities. Today is Wednesday, November 20, 2024, I am Wang Yibo! Good morning to all cryptocurrency friends ☀ Iron fans check-in 👍 Like to make big money 🍗🍗🌹🌹
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Bitcoin has once again broken through new highs, with the highest point around 93900. After a series of upward movements in the last four hours, the bulls have surged above this high. Although there is some space for a pullback, overall, the upward trend remains strong. The current retracement is only back to yesterday's starting point, and after the previous pullbacks, a strong rally is inevitable. Regarding the overall trend, we do not only say bullish because the price has risen; we have maintained a bullish outlook for a long time. All operations are based on waiting for adjustments to complete, with the main rhythm being bullish. As the bulls return, we will continue to focus on the bullish trend and make long-term follow-up arrangements! Will this position be touched again? If it breaks 94000, we will look forward to the final wave of the bull market. The important resistance level at 95000 is significant. Currently, the market is straightforward: first rise, then pullback.
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Ethereum's price trend remains weak and fluctuating. After a drop to 3075 last night, the bulls began to recover and rebound, reaching a high of 3145 before forming another pullback. The overall market trend currently shows a cycle of fluctuations. However, the rebound remains an inducement factor. Although the low price decline seems to have stopped, there are still certain induced fluctuations, and the short-term trend is easily skewed. Yesterday saw a fluctuating rebound, but ultimately continued to fall back. The current market still shows a clear trend continuation. The key point in the current fluctuating consolidation is the slow movement, and there isn't much space, so choosing points while following is relatively critical. The short-term fluctuating slow rise pattern still needs to pay attention to the continuation of the gains, and secondly, be mindful of the strength of the pullback. If the pullback strength is small, look for upward movement at lower levels. If the key position breaks, follow the trend and continue to watch for downward space!