Analysis of the morning market in the cryptocurrency circle on November 20

Market review and analysis

Today, Bitcoin hit a new high, but Bitcoin failed to break even the key point of 3220. In terms of altcoins, the sentiment of compensating for the rise has not yet appeared. The current market of Ethereum is quite bad, and altcoins are still in a state of decline today. In fact, the recent altcoin market has been hovering in a certain range, with relatively small fluctuations, and the trend is really annoying. In this case, it is recommended that everyone remain cautious, observe market dynamics while moving forward, and hold a small position to wait for the market to become clearer. At this stage, it is not recommended to operate with a full position. It is advisable to control the position within five layers, so that you can attack and defend.

Today's highlights

Bitcoin: Although it hit a new high, it did not reach the price range of 96-98 today, and was only close to 94000. Although it is difficult to determine that it will rise in the future, it still needs to be focused on in this round of market. However, more attention should be paid to the trend of Ethereum and altcoins. Most investors hold altcoins to get their money back. This exchange is ideal. The coins they hold currently have no obvious profit or loss, and the fluctuation is not large. Wait and see first.

Ethereum: The 3220 position has not been broken and is in a consolidation state. It was mentioned in the previous article that Bitcoin is difficult to break through when it reaches a new high, because its weakness also leads to weak altcoin market. At present, we need to focus on the 3000-3060 support range, and only if it breaks through the 3220 line, it is possible to rush to 3400 to drive the altcoin market. At that time, regardless of whether the altcoin reaches the target point, investors can consider light holding or shorting. #BTC00929

The test of the bull market is not only the rise and fall of the market, but also the test of our mentality. In the face of changes in the account, we must remain rational. Next, I will announce the next ten-fold potential coin in the news! It is better to grasp it than to guess blindly! Like + leave a message, share without taste.

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