11.25: Overview of Monday's market:
The big cake closed with a positive hammer line in the morning, and the weekly line was a big positive line; the overall market continues to be bullish!
BTC is still in a normal box oscillation. Yesterday, the daily line was oscillating back and forth between 95765-98688. You can do both long and short, but you must choose a good position and point. If you don't have any market analysis principles and just open orders based on your feelings without setting a stop loss, you can only leave the market with blood in the end.
4H can more clearly see the box oscillation. If you can step on the support and resistance space position and rub back and forth, you can also make a profit of 2,000 points each time; 99K is a very strong pressure selling position before the high, please pay attention to it.
ETH is still the same oscillation. If it does not fall below 3260, it will continue to be bullish. It will go to 3800-4000 after breaking through 3500 and stabilizing; but Ethereum is indeed very weak. Bitcoin broke its all-time high of 99K several times, but Ethereum still hovered between 3300-3500, not only did it not break the new high, but it also did not show much improvement. Perhaps it is true that Trump came to power and Wall Street's capital also needs to reshuffle and wash out the big holders of ETH before so that new capital can absorb funds at a low price. Perhaps the Prague upgrade will ignite the rising market of Ethereum next year. Yesterday, I reduced my position of BNB at 684.88, which is relatively the highest point in recent times, so those who buy are apprentices, those who sell are masters, and those who short are the ancestors; yesterday, after failing to break through the high point of 687, Bitcoin brought it down to around 640; but it rebounded to 660 in the middle of the night. BNB is still resistant these days. In the bear market, you can rely on mining and new listings, and in the bull market, you can make a steady profit. Why not? At present, it is an ascending wedge, with pressure at 668, 676, 687, and support at 640, 629.
SOL is also a general ascending wedge. Yesterday, a converging triangle appeared again in the 4-hour period. After the last new high, it has been adjusted back and forth. I believe that it is ready to sprint again. If it breaks through the resistance trend line, it will rise straight up; support is 242, 237, target pressure 268, 278.
Now the market is volatile back and forth, and the correction is to give us the opportunity to get on the train. I have been emphasizing this sentence; the US stock market will be closed for one day on the 28th for Thanksgiving, and the market will be closed 3 hours in advance on the 29th for Black Friday. Pay close attention to the market and be cautious!
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