11.22 Bitcoin is just a step away from 100,000, bulls are pressing hard, prevent the ultimate leap.

Bitcoin has continuously broken through the 97,000, 98,000, and 99,000 dollar marks. With bulls being so strong, why are many altcoins still grinding at the bottom and there hasn't been a blooming rally? I believe the main funds are waiting for an opportunity, which is that Bitcoin must break through 100,000 dollars. Why must it be 100,000 dollars? Because this is a very important psychological level. You can notice that BTC options have a large trading volume at the 100,000 dollar position. The largest order for long positions is at the 100,000 dollar mark. Additionally, there are some very strong and stubborn short sellers, and their last stop-loss positions are often set at 100,000 dollars. When it reaches this level, they will have to admit defeat.

Plan your trades, trade your plan. With BTC rising to this level, do not chase the market any further; unless there are unexpected events, there will surely be a significant drop afterwards, and at least a sharp decline is unavoidable. In essence, trading contracts is still about making money and it’s difficult. From this round of rally, it has actually been quite exhausting, with recent gains being phased. Patiently await a deep correction, as I believe many friends who went long have faced stop-loss hunting or liquidation, so it is essential to control positions reasonably and set stop-losses, and operations must not be emotional but strictly executed. The recent market operations have not been ideal. Consult btc0796 to find me and discuss the market together.

Bitcoin rebound: 98,000-99,000 short, target 95,000-93,000, if broken look at 90,000, with a defense at 100,000.

Ethereum rebound: 3,360-3,400 short, target 3,200-3,100, if broken look at 3,000, with a defense at 3,450.

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