Tracking real-time hotspots in the cryptocurrency circle and grasping the best trading opportunities. Today is Sunday, November 24, 2024, I am Wang Yibo! Good morning to all cryptocurrency friends ☀️ Loyal fans check in 👍 Like for big profits 🍗🍗🌹🌹
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Bitcoin's consolidation and accumulation before breaking through 100,000 USD, Ethereum's strong rise tests 3500 USD, prompting the altcoin market to experience a strong upward trend. The rotation rhythm between various sectors has accelerated, especially as old coins have broken out of long periods of silence and sluggish trends. Old coins like LTC, ETC, BCH, and others have shown strong upward trends. Bottom-fishing during sharp declines and capturing the rotation of sectors in the early and mid stages of a bull market often yields stable profits, while sector rotation should not be underestimated. When the market starts, various sectors rise in an orderly manner, and sectors that have not risen will eventually catch up, but note that such good opportunities do not occur frequently!
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After a few days of continuous rise, Bitcoin finally retraced today, as expected, coming back to the first support level near 97200 (the entry point for long positions arranged in the live room). It is currently oscillating around 98000. From the current technical structure, although the decline has strength, it is only a short-term impact and does not affect the reversal of the trend. The bullish stance is still maintained, but it is not strong; do not chase short positions. Under the oscillation, a proper pullback is a follow-through long. The early session until tomorrow morning is a key period for the trend. Whether it can break the 100,000 mark depends on the next key level at 99000. Similarly, we should observe the closing situation on a 4-hour basis. If the closing is above this level, we will continue to look up towards 99650 and above 100,000. Conversely, if the closing is below this level, pay attention to the downside around 98000–97200;
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Ethereum also changed its previous state of despair yesterday, rising to 3350 in the morning and then slightly consolidating without falling below the 3310 level. In the evening, it finally exceeded the high of 3450, retracing to around 3500, just right to test the support at 3380. It is currently oscillating around the 3430 level. In the early session, pay attention to the closing situation at the 3450 level on an hourly basis. The upper resistance is at 3550–3580, and the lower support is around 3400–3360 (as long as the second support is not broken, the bullish trend remains strong);
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However, while speculating on old coins, do not overlook that the hotspot is about to switch to new coins and meme sectors. Yibo summarized some secondary market analysis where the market fully exploits retail investors, and has made immediate market analysis and operational strategy suggestions for coins with narratives. For details, follow the updates and live room shares!
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In this market, it ultimately comes down to ability. If the ability is insufficient, what the market gives you will one day have to be returned. Therefore, when your wealth exceeds your ability, you need to control the pullback. Although this control may be in vain, that kind of arrogance and hubris in profit will eventually destroy a person's rationality. However, we need not worry about the situation where one's wealth is lower than one's ability in the capital market because this kind of imbalance will eventually be corrected by time. If it is not corrected, there is only one reason: insufficient ability. If you are still in a state of confusion, not understanding the technology, not knowing how to read the market, not knowing when to enter, not knowing how to stop losses, not knowing when to take profits, randomly increasing positions, being trapped at the bottom, unable to hold profits through ups and downs, and missing opportunities when the market moves. These are common problems faced by retail investors. But it doesn't matter! You can come to me, and I will guide you in the correct trading mindset. A thousand words are not as good as one profitable trade. Repeated failures are not as good as coming to find Yibo! Frequent operations are not as good as precise trades, making every trade valuable. What you need to do is find Yibo, and what we need to do is prove that what we say is not false. 24-hour real-time guidance, the market fluctuates quickly. Due to the effectiveness of review impact, for the subsequent market trends, the main focus is on real-time arrangements. Friends who need contract guidance can scan the QR code below the article to add my official account.
Disclaimer: This article only represents the author's personal opinion and does not represent the platform's stance and views. This article is for information sharing only and does not constitute advice to anyone.
