Daily Analysis of the Crypto Market (11.20)

Summary:

1. The volatility of the US stock market and the crypto market is increasing, and the underlying issue behind the sharp rises and falls remains a lack of liquidity.

2. Last night and this morning, I executed two short positions, and I won't consider short positions in the next few days.

3. The increase of SOL has already started to lag behind Bitcoin since last night.

4. The medium-term short positions can start to be gradually established from today. After the failure of the second sell at 92700 yesterday, 93800, even if not a sell, is infinitely close to being a sell.

5. In terms of the larger cycle, after this upcoming 4-hour level decline is completed, there will be a 4-hour level rise going into mid-December. Then, the daily level rise that started from 52500 in early September will end, officially beginning a downward move at the daily level.

6. Many people are concerned about whether there will be a bull market in 25 years. The premise for the bull market in 25 years is that the daily level decline from mid-December to late January must not have a lowest point below 74000, or at least the daily closing price must be above 74000.

Operations:

1. Bitcoin is around 94000, Ethereum is around 3140, and SOL is around 240 for entering medium-term short positions.

2. The short position $BTC is half closed at 83888 with breakeven, fully closed at 78888. The short position $SOL is half closed at 208 with breakeven, fully closed at 188. The short position $ETH is fully closed at 2850.