Today is November 22nd, the current price of BTC is $98,570. Below is today's market analysis and strategy:
BTC's breakthrough of $100,000 is a foregone conclusion: We predicted years ago that BTC would break the $100,000 barrier, and today it is finally coming to fruition. Looking back at past predictions, we reminded everyone to seize the opportunity when it was at $50,000 and $60,000, and now standing near $100,000, we continue to accompany BTC towards a new milestone, with even more to look forward to in the future.
ETH continues to catch up, Layer 2 protocols are bullish: Ethereum has recently seen some pullback, but overall the upward momentum of ETH is still present, and Layer 2 protocols (such as Optimism, Arbitrum, etc.) will continue to follow suit with increases. Although there was a brief adjustment yesterday, the rebound of ETH and TRB indicates that market confidence remains strong, and ETH is expected to continue rising in the coming days.
Continuously optimistic major cryptocurrencies: DOGE, XRP, ADA, XLM, SOL: The performance of these cryptocurrencies remains strong, especially under the backdrop of ETF policy promotion and America First, which will continue to benefit in the future. The current role of SOL is similar to that of ETH in 2017, becoming a new round of coin issuance platform, and influential figures abroad have begun to widely favor SOL, with expectations continuously rising.
Short-term operational strategy: ETH and BCH have recently broken through with strong bullish candles, and the 5-day moving average shows an upward trend, so buying on dips is a trend-following operation. Near the support levels of BTC at 96,520 and 93,950, consider increasing positions; long positions can also be supplemented appropriately. For contract trading, use market panic to adjust positions, and implement good take-profit and stop-loss strategies.
Overall, BTC remains the dominant force in the market, and ETH along with other quality altcoins are steadily rising. The current operational strategy should focus on mainstream cryptocurrencies in the market, buying on dips, and maintaining patience.
5 years of experience in the cryptocurrency circle, feel free to consult on any questions. If you want to progress together with me, check out my profile.
