Date: November 26, 2024
The market is correcting, hold long and short positions, and remain cautious.
Daily Level: The market is experiencing a correction, yesterday's K-line closed below the lowest price of the last aggressive bullish candle (EA arbitrage model reference price) and the MA5 moving average, indicating that the oscillation may continue for a period of time.
4-Hour Level: Look for support levels below in the 4-hour level, at the Fibonacci 0.382 and the upper edge of the Vegas channel (around 87500).
Tip: Continue to pay attention to the trends of quality altcoins, especially those that were previously in rotation to the sector, and plan for holding long and short positions. Be cautious, when encountering obvious previous high points or previously dense transaction areas, those holding previous chips can reduce their positions by 30%, and wait for a dip to buy back, keeping the remaining 70% of chips unchanged.
