11/26 In-Depth Review: The Cryptocurrency Market's Ever-Changing Landscape

Today's market sentiment index has dropped to -79, indicating a state of extreme greed.

BTC's price has fluctuated significantly.

Yesterday, BTC reached a peak of 98975, but in the early morning hours, it slid to a low of 92670.

The key support levels are 92670 and 89150, while the resistance levels are 95945, 98605, and 102000.

From the 4-hour chart, the drop in the early morning was severe, with a volatility range of up to 6305 points.

Currently, the price has pulled back above a specific blue area, which is between 89150 and 92670, exactly the consolidation zone experienced after a 5000-point pullback two weeks ago.

It is possible that in the coming days, the price may fall back to this area for consolidation.

Only by firmly standing above 95943 can it shift to a bullish trend.

Throughout the day, there are likely to be three possible movements:

Firstly, if it can break through 99320, there is hope to see 102K;

Secondly, there will be consolidation within the range of 92670 - 95943;

Thirdly, it may consolidate within the range of 89150 - 92670.

ETH's market is also not calm.

Yesterday, ETH's lowest point was 3351, and the highest point was 3549.

Its support levels are at 3285 and 3017, while the resistance levels are at 3439 and 3679.

From the 2-hour chart, it's evident that yesterday's price fluctuation reached 198 points.

The ETH/BTC exchange rate this morning is 0.03630. Yesterday, it was mentioned that Ethereum's bottom support showed signs of moving up, dividing Ethereum’s trend into two phases: 3286 - 3369 as the first phase, and 3369 - 3439 as the second phase.

Currently, the price is above 3369, indicating that major funds are involved, and the focus will be on whether it can break through 3679 - 4000.

There are mainly two possible movements throughout the day: one is a successful breakthrough at 3439, leading to a target of 3679 - 4000; the other is back and forth consolidation within the range of 3286 - 3368 - 3439.

For three consecutive days, there has been a pullback followed by a rise, continuously creating new high price levels, leaving retail investors feeling distressed and lamenting.

As the market pulls back 6300 points, altcoins generally first retreat by 5% and then quickly rebound.

This fully demonstrates the market's strong confidence in the bull market; as long as large holders do not sell for profit, prices are expected to continue to rise.

As long as one can accurately grasp the market rhythm and not blindly use high leverage, one can navigate the cryptocurrency space effortlessly and reap substantial rewards.