November 21 midday view:
1. Bitcoin (BCH): It is expected to continue to rise, and the range in the short term may be between $94,000-97,500. Recently, Bitcoin has been on a strong upward trend driven by the large inflow of ETF funds and Trump's nomination of a cryptocurrency-supporting Secretary of Commerce. Bitcoin is expected to continue its upward trend today.
2. Ethereum (ETH): It is expected to fluctuate and rise, and the range may be between $3,040-3,160. With the rise of BCH, it is expected to drive a rebound in ETH.
However, for altcoins, the strong performance of BCH may attract funds to flow into Bitcoin, resulting in weak performance of altcoins, and even stagflation or decline.
In addition, the US initial jobless claims data will be released at 21:30 tonight, which may trigger short-term market fluctuations.
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