11.22: Evening Market Overview:
BTC set a new historical high of 99419 this afternoon, which is near my first target position. After reaching this high, it is consolidating between 98K and the new high to gather strength to prepare for breaking 100K. Breaking 100K is just a matter of minutes tonight, as it's less than 600 points away. Buy on dips.
Tomorrow is the weekend, and tonight is the last day of this week's U.S. stock market opening. Looking forward to a good performance, hoping the three major indices continue to rise steadily; yesterday, the Bitcoin ETF saw a net inflow of 10,660 contracts, amounting to 1 billion USD. This is also the highest daily net inflow since November 11. BlackRock and Fidelity continue to buy, while Grayscale saw an outflow of 82 contracts. Institutions are still aggressively adding to Bitcoin, so the upward trend remains unchanged.
In the last 24 hours, liquidations totaled 389 million USD, with long positions at 178 million and short positions at 210 million; the central axis is expected to go to the 99576-100473 range to trigger short liquidations, which is a high-leverage and concentrated area;
ETH: Ethereum is still consolidating in the 3390-3306 range during the day. The short position I mentioned in the morning was successfully taken, and now it has a profit of 50%. I will take half of the profit and let the remaining run while ensuring to cover the principal loss, then move the stop loss down to increase profits; the target remains at 3244.54-3156.69; because of the large volatility, the focus on trading time requires manual profit-taking and stop-loss, while sleep settings can be automatic profit-taking.
SOL experienced a pullback after hitting a new high, which is a normal phenomenon. The trend is still on the 4H trend line. After the U.S. stock market opens, we should see if it will follow the market for a small surge and break new highs to reach 268, which is worth looking forward to! The SEC is currently reviewing 4 ETFs for SOL, making it a good time for hype. I feel the market makers won't dampen the enthusiasm and will definitely continue to stoke the fire; support is at 251, 247, 242.
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