2024.11.26 8:57 AM BTC/ETH Market Analysis
That night, 168,412 people liquidated to zero, 4.6 billion CNY vanished into thin air. If you don't set a stop-loss, those who did not take profits of 60-80% last night are now crying. Even more players still do not use stop-losses; stop-loss is something that must be used at all times. If you don't use stop-loss, then don't play contracts; this can be considered a hard rule!
BTC Focus
Support 91,500/90,300
Resistance previous high
BTC has experienced a drop of 7,000 dollars, and the market has decimated long positions that don’t use stop-losses. One can only say that the drop is most friendly to empty positions in this round, and it’s a chance to enter the market with low-priced spot chips!
ETH Focus
Support 3,315/3,175
Resistance none at the moment
This round of decline did not change ETH's trend. ETH has been fiercely contending at the 3,445 line, and it has reached this emotional point. ETH's performance this round is not bad, having rebounded over 1,000 dollars from the low point. However, for BTC approaching 100,000, ETH still has a long way to go, so the focus can still be on ETH and SOL!
Currently, the bullish trend of ETH remains unchanged. If it stabilizes above 3,445 after consolidation, then it truly stands firm, so just wait patiently!
At this moment, the bearish trend of BTC is strong on 1h/2h/4h. The first wave of decline has temporarily stopped; if it doesn't break through, the next retest could signal a short-term stop of the decline! So whether the second wave on 1h/2h/4h can come for a double confirmation of the bottom actually depends on whether the leading assets continue to explode. Simply put, it depends on whether ETH can stand above the 3,445 line again, leading altcoins to explode in turn! If market sentiment recovers, then BTC will temporarily stabilize, and the demand for further breakdown will be very low!
Focus on the trend of ETH!
