Congratulations BTC + ETH price broke the 100,000 mark!! Saying this might hurt ETH a bit, but it’s indeed the case, Bitcoin is at 100,000, while Ethereum is still at 3,000. I don’t know if the people who once dreamed of ETH reaching five figures have woken up, but I guess they can’t be woken up. Bitcoin almost topped the gainers list today, but even with such an increase, why are long positions still liquidating more than short positions.
This time Bitcoin dominating might be due to the mysterious purchasing power of Middle Eastern oil tycoons, there are already very few that have risen so much during the day, there’s almost no green in the watchlist, almost all altcoins are not rising, this is really rare, this rise is indeed strange. NVIDIA's earnings report has been released, obviously, there’s a significant net increase, but it did not meet the expectation of super growth, so the stock price fell as a result, but it did not affect the crypto sector, is VC altcoin truly not able to be saved? On November 20, Bitcoin ETF net inflow was 773 million, while large ETF net outflow was 30.3 million. The gap is really getting bigger.
Market Interpretation
The rise in this market makes my scalp tingle, currently I can only watch it rise, continue to hang orders to sell, sell a bit at critical positions, integrate knowledge and action, I don’t expect to sell at the highest point, because I also don’t know where the highest point is. This market really educates people, each bull market is different, seeking a sword on a boat is completely unfeasible in the crypto circle, Bitcoin rises by 5 points, most altcoins are still falling, it seems like this situation rarely happens in the past.
The Ethereum exchange rate hits a new low again, 0.032. Previously mentioned big
Bitcoin 100,000, Ethereum 4,000+ this is really impossible to achieve, it’s truly disappointing, many Ethereum holders and footers
This wave of market has no difference.
SOL is also not ideal, but it’s slightly better than Ethereum, the SOL/ETH exchange rate has been rising since last July for a year. If it attacks again this time, 260 should not have such strong upward momentum, we’ll wait and see if it will reach 300.
Regarding altcoins:
I don’t want to talk about altcoins today, they are all dropping, MEME is dropping the hardest, what rises fast also falls fast, MEME coins with built-in leverage, I think some mainstream MEME on CEX should be looked for opportunities to bottom out, such as PNUTFNEIRO. Also, DOGE is still doing a great job, very efficient, this department lives up to its name, efficiency is key, so this re-empowered DOGE should also be a focus for American FOMO. Being able to achieve a big thing can lead to a big surge. The heat of on-chain PVP is still full, started speculating on little kid brother yesterday. I won’t talk about the narrative, search it yourself, PVP requires quick reactions, and when hitting a hot spot, go for it without hesitation, run when it rises, cut losses if it doesn’t work. It’s a bit like guerrilla warfare, I think this way of playing won’t be wrong, although it may not make a lot of money, but it’s quick.
