Yesterday, the US market was closed for Thanksgiving, so the market was trading light.
From the current trend, the upper pressure of 96200-96800 is still effective, and it has fallen into a narrow range of fluctuations. First pay attention to the breakthrough of the range, and you can boldly grasp the range in the morning!
The idea is still mainly high🈳 96300-96600 around🈳, looking at 94000
For most people, missing out on opportunities often means not only not making money, but also causing huge losses, because there are always people who miss out on opportunities and continue to buy at high prices to make up for their regrets of missing out on opportunities, and finally get stuck at the stage high point, and suffer unbearably.
The pie came up on V yesterday, this wave took a hit, but it's not a big problem. After setting the stop loss, there weren't many operations, but a short position for a few days on bamboo shoots is acceptable.
From the one-hour level perspective, currently, the big pie surged to around 97200 in the morning, forming resistance. It has now started to show a downtrend. It's quite obvious that there is some pressure above. If a short position was taken at 97000 in the morning, it is very likely to gain nearly 2000 points of space. For those who haven't made any empty positions, it's not too late now. As long as a rebound to around 96000 to 96300 is given, a short position can be taken to aim for 1000 points. The problem is not significant, and the strategy and ideas have been provided in advance. If you want to operate in real-time with An Nan, you can get on board and start anytime.
Big pie strategy: Short around 96300, target 94500.
As long as there is no significant increase in the initial jobless claims data for the week, there is not much of a problem.
The revision of third quarter GDP, whether it is revised upwards or downwards by 0.2%-0.4%, will have a certain negative impact, but it is still not a big issue. However, if it is revised downwards by 0.5%, then it will contradict other third quarter data from before, which may trigger market panic.
At the same time, if it is revised upwards too much, it will also pose a certain threat to inflation expectations.
Having read the Federal Reserve's November meeting minutes, let's discuss a few points of interest.
1. Most committee members still believe that a 25 basis point rate cut in December is appropriate. 2. The assessment of downside risks to the baseline economic activity forecast has been lowered.
3. Continuing to reduce the balance sheet is appropriate.
4. If inflation continues to rise, a pause in rate cuts may occur.
5. If the unemployment rate continues to rise or the economy slows, rate cuts may accelerate.
6. The overnight rate issue may not interest everyone much, so I won't elaborate.
Overall, it is consistent with expectations, and there is nothing unexpected; a 25 basis point rate cut in December remains the most probable outcome.
The announcement of the monetary policy minutes at three o'clock in the morning has come out, and the result is hawkish. The big cake has broken below 91k, and the US stock market will be closed starting Thursday, which may lead to a temporary lack of liquidity. I see that there is good support near the integer level of 90,000, and there is a stronger support level at 87.5k below.
Of course, it still depends on how the dog owners wash the market; the market is changing at any time. But don't be afraid or panic; a pullback is definitely to help take off better next time. Changes in the cryptocurrency world are getting faster and faster, brothers must grasp the rhythm well, and don't miss the opportunity that comes once every four years.
The downtrend has formed. If I say there is still a waterfall, how will you respond? Discuss the trend of the market!
On November 24th and 25th, I publicly announced to short at 94,000 and 92,000, and both have been realized.
Currently, the daily trend pattern has retraced more than 8,000 points, exceeding the range of a pullback, and has also disrupted the upward movement on the daily chart. Secondly, the sentiment in the news seems to be somewhat cold, while high-level selling continues to increase, combined with the base month at the end of the month, there is a high probability of entering a breaking waterfall mode.
In terms of operations, follow the trend and watch for the third wave of the waterfall to see the volume drop. In the short term, there will be repeated fluctuations, turning back at every step.
The small waterfall opens the appetite, the big one is coming soon!
Yesterday I publicly reminded everyone to go 🈳 at 95000, perfectly fulfilling the bearish trend that is still ongoing,
While everyone is still looking bullish above one hundred thousand, Annan started reminding everyone to go 🈳 over the weekend,
The overnight low was 90800, gradually testing the waters, I believe at this moment the bulls' hearts are cold. The market sentiment is cold. But this is the rule,
As for today, the weakness remains, with dual pressure concentrated at 93000, support at 89000. During this window period, there should be a large waterfall specification of over 8000, I think it should be seen very soon in these two days!
In terms of operation, it's very simple, after a short-term decline, there will always be a rebound, you just need to catch this rebound and follow the shorting rules. No need to consider the entry position, this rhythm can work from any position! First watch 89000, if it breaks then 85600 next!
Bitcoin has experienced a significant drop! Will it start a downward trend?
The price plummeted directly from around 98,500 to around 92,500, a direct drop of 6,000.
This wave of selling pressure is likely due to swing traders exiting the market, creating a brief gap that couldn't absorb this wave of selling pressure, leading to a small but significant pullback.
Yesterday's strategy successfully anticipated a drop to 94,000, reaching our target position. Today, we continue to focus on high levels.
Bitcoin remains high around 95,000, looking down to 92,000.
Let me educate everyone a bit about a niche track:
Many beginners don’t understand why after BTC rises, other altcoins fall. There’s a lot of talk about Bitcoin's 'bloodsucking' effect, and many people don’t understand what that means! Consult the following content:
BTC is the leader in the crypto world, the big brother, which is why there are many trading pairs with BTC such as BTC/ETH, BTC/ADA, DOGE/BTC, TON/BTC, SOL/BTC, PEPE/BTC, BNB/BTC, and many more altcoins against Bitcoin!
Observant individuals may have noticed that USDT has been issued in large quantities recently, but when Bitcoin broke its new high, the trading volume of Bitcoin's USDT was not very high. In other words, it has been rising without much trading volume. But where does this buying pressure come from? It appears in these BTC/altcoin trading pairs!!!
Normally, buying coins is done using USDT. Recently, many market makers and institutions have adopted a model where they effectively exchange altcoins for Bitcoin through altcoin/BTC pairs, which means for the altcoins, they are being sold, creating selling pressure. This is also why whenever BTC rises, altcoins tend to fall; they are facing selling pressure here. Then when BTC rises again, they exchange BTC/altcoins back!
After going back and forth in this manner, the amount of coins in the hands of market makers and institutions will increase in USDT. During this process, they also add some leverage to enhance the returns on their capital!
Did yesterday's big pancake grab over a thousand points of space? Yesterday's public tip on making 🈳
In terms of operations, continue to focus on shorting during the rebound.
From the current market perspective, after the weekend's market adjusted and bottomed out, it still shows a strong trend. The overall trend is still looking 🈳 with the bearish strength significantly increasing. However, short-term slight rebounds need to be noted, and there is no need to be overly hasty.
Bitcoin: 98000-97700 area 🈳, target looking at 95000-94000.