11.24 Bitcoin today's price: Currently, Bitcoin is around 98,000, in a high-level sideways consolidation state. In this process, the performance of some older coins has been very impressive, breaking the market's inherent perception of 'buying new and not old'. The best performers in this round of the market are precisely some historical coins, such as Ripple, XLM, ADA, and ALGO, which still have a lot of room for growth.
Yesterday, we also laid out several old coins, like LGO which rose 23% yesterday, and Sushi which increased by nearly 40%. The common feature of these coins is that they all have a weekly double bottom structure. According to the strategy we discussed before, the first target for this structure is the neck line, and the second target is at a 1:1 ratio position, so they have a very large room for growth. Just like Sushi, after we bought it yesterday, it paused at a small resistance level, which is a normal phenomenon; the next challenge against the neck line is highly likely to occur. When choosing between spot or low-leverage contracts, prioritize these old coins.
On the Ethereum side, the overall structure is still moving sideways upward, with a relatively slow trend since November 14th. The resistance zone above is between 3600-3900 USD, and before reaching this zone, there are still opportunities to enter long positions during pullbacks.
