Market update 241126
The first decent pullback during the bull market peak, with a retracement of about 8.5%, which is not too large. However, since it has come down gradually, we need to pay attention to whether it continues to decline.
There are two support levels below. The first is around 89k, then there is a vacuum in the middle, and the next effective position is 80k-82k. This is also the theoretical limit for this retracement. (20% decline)
Generally speaking, the first decent pullback during a bull market peak is often a good opportunity to accumulate positions. We can observe which altcoins are resistant to declines recently. So far, ETH, ENS, ARB, ZRO, and TIA look pretty good. Additionally, BTC low-leverage long positions can also be considered for layout.
