2024.11.25 9:02 AM BTC/ETH Market Analysis

In the past 24 hours, 41 CNY have vanished, leading to 188,727 bankruptcies! The high liquidation volume and number of people remain, with BTC hitting a low of 95,822 in the early morning and ETH hitting a low of 3,281. The pullback is quite standard. The first support level provided for BTC on Saturday was 96,300, and for ETH, it was 3,280. Currently, it seems that the first support levels were basically hit in the early morning. Now BTC is consolidating around the 97,600 level, and ETH around the 3,330 level, both not considered losses!

BTC Focus

Support 92,000/89,500/97,000

No pressure

The support level has moved down to the upper track before last week's new high. On the first day of this week, the given space is a bit larger; being cautious is not excessive!

ETH Focus

Support 3,170/3,085

No pressure

Altcoins are continuously rotating in sectors. As long as this situation continues this week, there should be no major issues until the end of the month. If you have more than 30-50% of your chips in hand, you can reduce some positions, but absolutely do not liquidate completely! Do not stop long-term regular investments; I have not sold any of my long-term chips, and I will continue to hold. I will aim for above MA250 in the long term!