❗❗❗ Cryptocurrency Market Trends and Strategy Points

Recently, Wall Street's Nine Sisters faced a liquidation of over 15 million USD, and cryptocurrency influencer Peng Yuyan had a liquidation of 300,000 USD, which is a wake-up call. Investments must not be impulsive and should not go against the major trend; setting stop-losses and exercising restraint is crucial, otherwise, one may easily fall into a devastating liquidation from a bearable loss.

Regarding BTC, it currently shows a short-term bearish trend with a 4-hour candlestick engulfing three bearish candles; the support level of 97100 has been lost, and the next test may be the support at 95600. Once it breaks below, a downward trend will be established, breaking the range. It is expected that there will be an accelerated rise before the decline, oscillating within the 95600 - 99500 range, then reaching 100,000 to form an upper shadow before a sell-off. December will bring a major adjustment; if there is a rise afterward, it will be a good opportunity to exit.

For Eth, the 4-hour high MACD is about to cross downwards, with support levels at 3230 and 3080, and 3200 can be set as a defensive point.

The market greed index has dropped from 94 yesterday to 80 today, which is conducive to market adjustment.

In terms of strategy, when Bitcoin retraces, one can select resilient coins and place orders in batches. The Little Fox Company is about to issue a coin, which is expected to become a valuable coin and is worth paying close attention to. The Meme sector is showing weak trends, with funds withdrawing; coins like Neiro, pnut, Act, etc., have performed poorly, experiencing sell-offs after rises, and do not require too much attention in the short term. If there is an intention to buy, it is recommended to place orders in three batches with at least a 10-point interval to reduce risk. #BTC创历史最大月度涨幅 #ETH市场新动向