11.27 Morning Thoughts
Through reviewing the market trends, we can see
that at midnight the upward movement continued from yesterday, with a sharp decline around twelve forty-five. At four thirty, a spike reached 90866, and from the 4-hour structure, at this time the market saw a massive liquidation of long positions totaling around fourteen million. Heavily leveraged long positions were liquidated, awaiting the completion of the long position cleanup.
In the future market, a reversal is imminent, ready to clean out the shorts. From the MACD indicator, the bears are dominant, but the bearish momentum weakening will not significantly affect the future market trends.
Bitcoin looks at 96000 to 96300
Ethereum synchronously at 3420-3430
