11.19: Evening Market Overview:

Bitcoin has been quite strong during the day today, winning step by step. Ultimately, there are several aspects to consider, let me explain!

First: BlackRock's spot ETF options have launched on Nasdaq today, marking a significant milestone for Bitcoin derivatives entering the financial market, thus providing a foundation for today's rise in Bitcoin!

Second: MicroStrategy plans to issue $1.75 billion, part of which will be used to continue purchasing Bitcoin. They have been buying BTC since Trump's victory, and it is estimated that Bitcoin's bull market will reach $250,000 each. Meanwhile, Microsoft's executives are also discussing purchasing BTC in December as a company asset reserve;

Third: Yesterday, three major institutions - BlackRock, Grayscale, and Fidelity - were buying spot ETFs, purchasing 2,830 Bitcoins in one day;

Fourth: It is expected that large funds, including compensation funds from FTX, will reach various members, and this money will continue to flow into the cryptocurrency market; in summary, these are all important aspects supporting today's rise in Bitcoin and the bullish outlook for the future!

The recent upward spike has triggered a lot of short positions, resulting in bloody scenes. We are currently in a volatile area, so we should try to long at low prices or short at high prices. The best choice is to buy when the price retraces to the trend line, but be sure to set stop losses; otherwise, you might be the next one to get liquidated! Tonight, it is expected to test between 91456-93043, as this area contains high leverage short positions.

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