November 26, Tuesday, good afternoon brothers!
✅️ Market review and analysis
This wave of market has created a misconception for everyone. Here, I only talk about BTC. When BTC keeps breaking through, everyone thinks it will break 100k before entering a consolidation phase. In the end, BTC did not break through in one go. BTC's highest point is 99588, and it has currently retraced to around 93600. In fact, the market in the past two days can also be seen; the second coin is relatively strong again, but cannot suppress BTC's leading drop!
Many players holding BTC have switched positions in the 90000-100000 range, with some converting their positions to ETH and others to altcoins. The second coin doesn't want to drop.
Currently, the overall market is still in a consolidation phase, but I believe the trend will not change. After the consolidation ends, the bullish market is still expected.
BTC resistance 94400/95200/96000
Support 93000/92200/91000
ETH resistance 3450/3540/3600
Support 3350/3280/3200
Think long on pullbacks
✅️ Spot market and primary market
Currently, the Sol chain's heat in the primary market has slightly decreased, while the Base chain seems to have become active. There is also a hot topic in the Desci sector. Ridiculously, the two perpetual contract coins launched by Binance yesterday, Cheems and Why, plummeted after a lot of hype before their launch. Here, I can only say it's a conspiracy. Most coins that only launch on Binance contracts fall after opening!
In the secondary spot market, there are still small-cap coins violently rising every day. As I said, those that have risen a lot must take profits. Also, many altcoins that are bottoming out and have risen a lot must also take profits, like Pnut. I informed the community to buy in batches at 1.0-1.1, with a daily high rising over 30%. Here, naturally, we should take profits and temporarily exit!
The current sector market has not yet revealed the next sector after the chain oil. Just closely monitor the market. Also, regarding the overall market, currently Ethereum is stronger than BTC. Here, BTC needs to enter a new round of fluctuation or strengthen, otherwise, altcoins will not show rebound signals!
Basically, many altcoins have retraced about 10-20 in the past two days!
Spot still holds, do not use contracts and leverage, it's easy to get liquidated. A bull market can explode not only long positions but also short positions can be punctured!
Currently, the largest position in spot is held by me.
Eth, Doge, Ordi, Op, Wld, Meme, etc., have seen a lot of position changes recently. A few old mainstream ones and chain oil have emerged, and I will choose to exit those that have risen significantly. Currently, I am also waiting for the right pullback to buy back!
Must control your position well, don't use all your bullets!
Eth will buy some at 3300 here!
