1. Bitcoin and Ethereum starting to consolidate would be the most ideal market condition. Yesterday, we provided a short-selling suggestion for Bitcoin in our video analysis, and indeed Bitcoin began to sharply decline after reaching the resistance level, with a maximum drop of nearly 4,000 points.
If it falls below 92,500, it would be a very dangerous signal, indicating that Bitcoin is likely to return to 86,000 USD, or even 80,000 USD. At that time, the altcoin market would surely be in turmoil. Fortunately, yesterday was a false breakdown, so the best scenario now is for Bitcoin and Ethereum to start consolidating, allowing us to see a clear stop-loss signal. We temporarily shift our attention to other areas to give opportunities for sector rotation to prosper.Everyone can closely monitor their respective ranges. Once Bitcoin effectively breaks away from the 92,500-95,000 range, it indicates a trend change, while Ethereum's range is
2. Where has the sector rotation gone? 1. INJ
The changes in funding and technical aspects of LDO echo those of INJ. Several cryptocurrencies in the staking track can be closely monitored.
2. NEXO
NEXO is a regulated digital asset financial institution that allows trading of various cryptocurrencies and fiat currencies. On the morning of November 26, the official Twitter announced the launch of personal dollar accounts, which can be funded and withdrawn globally via SWIFT, and can earn up to 16% annual interest.
On-chain data shows that NEXO's transaction volume has been gradually increasing since November 25, with an increase of about 22%.
According to the NEXO and Bitcoin trading pair, it has already broken through the trend line.