Introduction: Investment involves risks, and operations should be cautious.
Article review takes time, and there may be delays in publication. The article is for reference only; feel free to read!
This article was written at: Beijing time November 26, 21:26
Market Information
1. Industry insiders: Bitcoin's failure to break through 100,000 is just a temporary episode;
2. Trump is considering appointing an artificial intelligence minister to coordinate federal policy and the government's use of emerging technologies;
3. Moody's: During Trump's presidency, market uncertainty has intensified, which seems to be a foregone conclusion;
4. New York Fed: The current impact of the cryptocurrency industry on financial stability is limited, but its continued growth poses risks;
5. As capital shifts from Bitcoin and derivative activities increase, Ethereum shows strong momentum;
Market Review
Earlier, I reminded everyone that the high point would refresh. The previous high was at 93,372, and the current high is 99,640. The high is already close to 100,000. Congratulations to those who followed and made a profit. However, just as we were about to break through, Bitcoin began to pull back from its highest point, with the current lowest point at 91,500. This pullback is relatively rapid. After this pullback, many may feel a bit panicked, thinking a major pullback is coming. In fact, after such a rise, a pullback of around 10,000 points is a normal trend; don't lose your composure. Ethereum's high point is at 3,548. Previously, we predicted that Ethereum would reach the 3,250-3,570 range, which has basically reached around 3,570. Subsequently, it followed Bitcoin's pullback. Ethereum's long positions have also made a certain profit; even holding until now is profitable. The price was around 3,140. Ethereum's decline has not been as severe as Bitcoin's because it also didn't rise as much. Currently, Ethereum still needs to focus on breaking the upper pressure; see if it can continue to rise and create new highs.
Market Analysis
BTC:
From the daily chart, although Bitcoin's recent pullback is close to 10,000 points, the price is now high, and such a pullback after a significant rise is a normal trend. However, this drop conflicts too obviously with the previous upward trend, making the market somewhat unable to accept it. From the market news perspective, Microsoft will evaluate whether to purchase Bitcoin in early November, and with Trump coming to power, there are still unknown policies to be announced, such as establishing Bitcoin as a national reserve currency. These are all factors contributing to Bitcoin's rise. The short-term pullback is our opportunity to position ourselves; the subsequent rise will exceed 100,000. On the chart, there is a dense area of chips during the decline, which can serve as a support level. Bitcoin's decline is basically nearing its end. Long positions can start to enter the market. The lower support level is at 88,700; use this level as a stop-loss. You can enter with a light position of 92, add positions a few times, and finally set the stop-loss below 887. The target can be set at 100,000+. Manage your entry opportunities accordingly; short-term trading, control risks, and bear the profits and losses yourself;
ETH:
From the daily chart, Ethereum has not broken below the support level after rising above 3,250. Although it hasn't broken the upper level of 3,570, as long as it doesn't break below the support level, we can plan around this level. Ethereum should not blindly look bullish like Bitcoin; these policies are all aimed at Bitcoin. The rise of Bitcoin and the rebound of Ethereum are evident to all. In Ethereum trading, focus on the lower support at 3,250 and the upper pressure at 3,570, planning high shorts and low longs around this range. If it breaks, you can pursue it. The current price is around 3,330; manage your entry accordingly. If the lower support at 3,250 is broken, do not hold. The target is 3,570; manage your entry opportunities accordingly; short-term trading, control risks, and bear the profits and losses yourself;
In summary:
Don't panic about Bitcoin's pullback; the pullback is an opportunity to enter the market.
The article is time-sensitive; be aware of risks. The above is only personal advice and for reference only!
Follow the WeChat public account Crypto Old Zhao to discuss the market together;
Everything, the root of suffering is the pursuit of certainty. Impermanence is the norm and the way life should be; we always want to grasp the market. If we have a 50% certainty, we don't act. If we have 70% certainty, we still don't act. We must wait for 100% certainty, but where in the market is there 100% certainty?
Trading is about trading risks, which means trying to make the probabilities favor you. What you give out will return to you; what you bless will come to you. Sometimes you have to learn to take a loss, be a bit foolish, and be a bit slow, for example, if the market is bullish, once this is confirmed, don't fix your position too tightly, reduce your position a bit, and then get in first. At worst, it may reverse.
