24/11/20BTC hit a new high and then fell back, and the high-level adjustment time continued to be prolonged, and the bull market trend was changeable and complex.
In the evening, Bitcoin hit a new high of 93,905 before falling back. The continuous oscillation at the high level prolonged. The general trend remains bullish, but it will become increasingly difficult to operate in the short term. I personally suggest reducing the frequency of operations and watching more and doing less. This round of bull market has changeable trends and complex structures, but only such trends can allow Bitcoin to move higher to 150,000-200,000. However, the process in between will not make everyone make money like the previous two bull markets.
The next 4 years will be the best 4 years for BTC, but also the most difficult and complicated 4 years!!!
1. Trump has moved into the White House. These are the best 4 years for Crypto. Be sure to seize the opportunity!
2. This round of bull market is an institutional bull market and an ETF bull market, with BTC and ETH (SOL, XRP, and LTC have not passed yet) in the first tier.
3. This round of bull market has a volatile trend and a complex structure. BTC is increasingly tending towards the American trend, with a long and slow bull market...
4. There is a two-tier differentiation among copycats, the strong ones are strong and the weak ones are weak, and currency selection is a compulsory course.
5. For retail investors who are new to hoarding BTC, those who are profitable in the altcoin industry will also hoard BTC for long-term holding. For swing traders, their skills and patience are very tested...
Flatbread
It hit a new high of 93905 in the evening and then fell back. As a whole, it continued to fluctuate at a high level. The K-line inserted a needle into the previous high and then came under pressure. This was the same trend as we predicted in mid-November. The lows kept rising and the highs kept breaking through, but then kept falling back into the range of fluctuations.
If the 4-hour rising support line is not broken, the price will continue to fluctuate. Even if it is broken, it will still fluctuate between 85,000 and 95,000. This trend of crazy up and down fluctuations in the short term is generally a wash rather than a turn to the short side.
support:
pressure:
ether
Ethereum's daily line fell to the vicinity of Fibonacci 0.382 and fluctuated, which is also a weak correction, but the market continued to fluctuate in a narrow range around 3000-3220. If it falls below 3000, it will go to wave C and reach 2778-2860, which is the position where we can increase our mid-line positions. Temporarily approaching 3000 without breaking is also an opportunity for short-term intervention. The precaution is not to fall below 3000.
support:
pressure:
