After the evening high of 93905, there was a pullback. The high-level continuous oscillation time is prolonged. The overall direction still looks bullish, but short-term operations will become increasingly difficult. Personally, I recommend reducing the frequency of operations and watching more while acting less. This round of the bull market has a volatile trend and complex structure, but such a trend can lead the market to higher levels of 150,000—200,000. However, the process will not allow everyone to make money like the previous two bull markets.
The next 4 years are the best and also the most difficult and complex 4 years for BTC!!!
1. Trump entering the White House marks the best 4 years for Crypto, which must be seized!
2. This round of bull market is an institutional bull market, an ETF bull market. BTC, ETH (SOL, XRP, LTC have not yet passed) are in the first tier.
3. This round of the bull market has a volatile trend and complex structure. BTC is increasingly trending towards a U.S. style, slow bull market...
4. The altcoin market is polarized; the strong are getting stronger, and the weak are getting weaker. Choosing coins is a required course.
5. For retail investors and beginners hoarding BTC, profits from altcoins should also be converted to BTC for long-term holding. Swing traders will be tested on their skills and patience...
Bitcoin
After hitting a new high of 93905 in the evening, there was a pullback. Overall, it continues to oscillate at a high level. The K-line touches the previous high before facing pressure, consistent with our mid-November forecast. The lows are continuously rising, and the highs are continuously breaking through, but it keeps falling back into the oscillation range.
As long as the 4-hour rising support line is not broken, we continue to look for oscillation. Even if it is broken, it will still oscillate between 85000 and 95000. This kind of crazy up-and-down oscillation is generally a washout rather than a bearish trend.
Support: Resistance:
Ethereum
Ethereum's daily chart has dropped to the Fibonacci 0.382 area and is oscillating, which is a weak correction. However, the market is continuously oscillating within a narrow range of 3000—3220. If it breaks below 3000, it will enter wave C, reaching 2778—2860, which is where we can increase our positions in the medium term. For now, staying close to 3000 without breaking is also a short-term entry opportunity. The key is not to fall below 3000.
Support: Resistance:
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The article is time-sensitive and for reference only, real-time updates.
Focusing on K-line technical research, co-winning global investment opportunities. Public account: Trading Prince Fusu.
