November 29th, Cryptocurrency Hot News:
1. Bitcoin price trend is stable: The current support level is 90,791. The longer the adjustment between 100,000 and 90,000, the more stable it may be after breaking 100,000.
2. Bitcoin lacks a five-wave upward movement: Another opportunity to surge towards 100,000 is expected, with possible pullbacks after late December.
3. Holiday cash-out pressure: During Christmas, New Year, and Spring Festival, institutions and retail investors may cash out, facing downward adjustments.
4. Major market trends will start in February and March: Significant market activities are expected in February and March, with a peak possibly in early April. Pay attention to the inflow and outflow of Bitcoin and Ethereum, as trends are closely related.
5. Ethereum inflow: Yesterday, $90 million flowed into Ethereum in the U.S., while $103 million flowed into Bitcoin. Large holders may shift funds from Bitcoin to Ethereum.
6. Positive signal of stablecoin issuance: After a halt from November 24-27, stablecoin issuance increased by $500 million, indicating there is capital for bottom-fishing in the market.
7. JTO and Ondo unlocking risks: JTO will unlock 135 million tokens in 10 days, and Ondo will unlock 1.9 billion tokens in January, which may pose risks and needs hedging.
8. Floki delayed good news: Floki has been postponed to the first quarter of next year, short-term adjustments are expected.
9. GFT founder's death: The founder of GFT suddenly passed away, with a drop of over 90% within three days.
10. THE strong rise: Binance's single-day trading volume reached $1.5 billion, CZ's actions are very strong, it is recommended to be cautious.
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