#市场波动，加仓还是观望？
11.28: Morning Market Overview:
BTC closed this morning with a large bullish candle, pulling the price up from 92K to 97K; short positions were liquidated for 143 million USD.
Today's daily candle is a large bullish candle, forming a morning star with the previous two days, which also indicates that 92K is currently the bottom; today's large bullish candle and trading volume indicate that large holders are also building positions around 92K, showing that the correction for BTC has halted around 92K. BTC is now in an ascending wedge and is about to start a new round of upward trend toward the 100K mark; yesterday, 1120 BTC ETF units flowed in, while the Chinese listed company SOS announced it will soon purchase 50 million USD in BTC; can we speculate that in the next 2-3 years, the mainland will gradually open up cryptocurrency policies?
ETH should perform exceptionally well, reaching 3684.92 yesterday, marking its first new high in nearly three months; the Ethereum Layer 2 ENS also saw a 51% increase yesterday, and Ethereum's Layer 2 followed suit with a rebound.
In the past few days, BlackRock has continuously purchased ETH ETFs, with a net inflow of 2708 Ethereum ETF units yesterday. Now, liquidity has gradually flowed from BTC to Ethereum. According to the market trend of each bull cycle, Ethereum either does not exert force or accumulates energy for a breakout, with a greater increase that surpasses BTC; so now we just hold our positions and follow Ethereum's footsteps, waiting for the market to break new highs; the 4H Ethereum chart shows an ascending triangle, with support at 3519, 3468, 3417 and resistance at 3706, 3833, 3888.
BNB retraced to around 600 near the bottom after failing to break new highs at 687 last time, and the whales completed their accumulation around 600; in the recent market, the bullish momentum of Ethereum and BNB has been the strongest, with a notable performance from 600 to 650. Holding BNB for the long term is definitely a very good choice; yesterday also provided benefits for us BNB HODLers, with an airdrop of 70 THE, and selling at 1.7U also provided a benefit of 120U; mining and new coin launches every month are essential, along with occasional HODL and Megadrop events, truly a case of getting more from one coin. Now Ethereum and BNB have not yet broken new highs, and we are looking forward to this wave of trends to directly elevate to new heights; support levels are at 636, 629, 622 and resistance levels are at 668, 687, 697.
Follow me so you won't get lost! I provide you with the latest news and point analysis every day, along with the wealth codes you want. Remember to hit follow and like!