11.21: Morning Market Overview:
BTC closed this morning with a large bullish candle, marking three consecutive days of gains. Today, Bitcoin reached a new all-time high of 94977; the daily candlestick is continuously expanding, with prices rising, but the momentum of volume is gradually decreasing, indicating a divergence between price and volume.
On the 4H chart, Bitcoin is still in a rising wedge pattern, adjusting at a high level. Moreover, since yesterday at 12 o'clock, a rising trend line has formed, and within the ascending triangle, a rising three-method pattern has also appeared, so the outlook remains bullish;
Various institutions are aggressively buying Bitcoin, with a net inflow of 8390 Bitcoin into ETFs yesterday, and the ETH chain has also issued an additional 1 billion USD; currently, the bull market is still a solo act of Bitcoin, heavily absorbing altcoins. Altcoins have not only failed to rise with Bitcoin but have instead fallen. If Bitcoin slightly retraces, altcoins would not dare to show their faces. The only way to maintain supply and demand balance is for Bitcoin to consolidate horizontally while altcoins collectively catch up.
In the short term, Bitcoin support levels are 92497.96, 91776.99, 91056, with targets at 95462.7, 96180.81, 86898.91.
Highlight: FLOKI will start trading on COINBASE at 1:00 PM Beijing time on November 22 or later; last time COIN listed PEPE and WIF, they instantly doubled. Will FLOKI also double like the previous two and give us an unexpected result? Set your alarm and wait for the explosive launch; meanwhile, FLOKI is set to launch a chain game on the 28th, which is also in collaboration with F1 racing, both are clear positive news. However, I definitely won't wait for the good news before selling; tomorrow is the best time for staggered selling! The selling points are 29870, 30670, 31851;
Follow me to stay updated with the latest news and point analysis every day, and for the wealth codes you desire, remember to hit follow and like!