We are currently at a stage of extreme tension, unable to go up or down. So what should we do next? Today, let's talk about it. The reason for the delay in movement may be that the emotions brought by the election have not completely dissipated, and the 'understanding king' has been making friendly contact with the cryptocurrency circle recently. However, before he truly takes office, most of the driving force is the flow of funds within the market, so currently, the space for further upward movement is not very large.

So, under what circumstances can we continue to move upwards? Next year, when that man truly takes office and brings a series of favorable policies for the cryptocurrency circle, along with neutral interest rates like a reduction in rates to around 3-3.5, and the release of a large amount of liquidity, only then will external funds truly enter the market. At that time, it could potentially push prices up to six figures, around 150,000. However, for now, a strong upward pull is not very healthy, and an appropriate adjustment is also a necessary part of the market.

Now back to today's market analysis. From the K-line perspective, the 1-hour level is down, the 4-hour level is down, the 12-hour level is sideways, and the daily level is sideways. The intraday resistance level is 94,000, and the support level is 90,000 USD.

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