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Bitcoin continued its weekend consolidation rhythm during yesterday's trading session. Currently, from a technical structure perspective, the weekly market has moved up in three consecutive bullish candles after a previous wide-ranging consolidation, all of which have presented as large bullish bodies. Subsequently, the price faced downward pressure after hitting the 100,000 mark, resulting in a bearish candle. After forming support at the bottom, the bulls quickly counterattacked, reclaiming lost ground, and the price remained above the upper band. Meanwhile, the MACD in the accompanying chart has a golden cross and continues to operate with increasing momentum, further confirming the strength of the structure. Therefore, the overall market direction remains bullish. On the daily level, the Bollinger Bands are narrowing upwards, and the price has halted its previous consecutive bearish decline above the middle band, indicating strong support at the middle band. As long as it does not break below the middle band, the primary outlook remains bullish. The current structure is very clear, overall operating around bullish sentiments. In the future market, a pullback to 94,000-93,000 presents long-term buying opportunities.

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Ethereum has begun to catch up and strengthen, with the weekly level closing with consecutive large bullish candles, and the structure is similarly strong, with a continuation vibe. The pullback has halted and stabilized above the low point of 3,531, reclaiming the upward trend and fully recovering the previous day's pullback space, closing above 3,700 at a high position. On the daily level, it closed higher with a bullish candle and once again broke through recent highs. The market continues to oscillate and tentatively test higher points. Today marks the weekly closing, and repeated high tests and pullbacks are not ruled out. Overall, from a structural perspective, the 4-hour chart is still in an upward trend, but the price action is characterized by step-by-step retracements. Each time it tests a high, it is accompanied by a pullback. The previous high's upper shadow was reclaimed and moved upwards the next day, demonstrating a lack of sustainability in the pullbacks. In the short term, 3,530 is a critical point and also a point of top-bottom replacement. Above this level, the bullish trend remains unchanged, though it will still be accompanied by repeated oscillations, following a pattern of step-up and pullback. Additionally, the increased volatility will test entry points. In terms of operation, wait for a pullback to stabilize before selecting lower entry points for long positions, with the first support level around 3,650, combined with the hourly patterns for on-the-spot arrangements.

Track the real-time hot spots in the currency circle and seize the best trading opportunities. Today is Friday, November 29, 2024. I am Wang Yibo! Good morning, fellow coin friends. ☀Iron fans check in👍Like and make a fortune🍗🍗🌹🌹

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At present, the altcoins have been in a sideways wash state. They have not yet reached the so-called altcoin season, and have been following the trend of the market. However, there are still individual targets running out every day, indicating that they are basically in a state of readiness. The altcoin market is rotating with the fluctuation tide of the big cake. The first wave: leading the big cake or synchronizing with the big cake. Representing SOL memecoin, etc., it is strong in itself and is the mainstream narrative of this round of bull market. It has always been favored by funds; the second wave: large-cap altcoins that follow the starting point of the big cake have a larger increase relative to the big cake. Representatives of DOGE $XRP $ADA, etc., driven by emotions and events, are the vanguards that beat the market value of BTCD, and some medium-sized altcoins follow; the third wave: ETH, the perennial runner-up, and its younger brothers behind it. The altcoin leader ETH began to rotate, driving the ETH ecosystem, and L2 currencies began to charge; the strong currencies in the front began to consolidate; it means that after the emotional trading calmed down a little, the market began to rotate, and it is currently in progress...

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Affected by the Thanksgiving holiday in the United States, the Bitcoin market has always been in a shrinking state, with high pressure at the 97,500 mark and low support at the 94,500 line. It has been in a state of oscillation and shrinking during the day, and there has been no significant breakthrough in the short-term impact. There are opportunities for both high and low operations in short-term operations. As for the current technical structure, the end of the week is approaching. Although there is a retracement in the trend, it has not been able to test the high again. The 100,000 mark is hopeless this month, but 90,000 will not be broken. The trend shows a rhythm of large-scale back and forth. At present, the high has been recovered, and it is impossible to fall back to the bottom, and the daily moving average supports the rise. In terms of trend, chasing shorts is not a wise choice, and the general direction is still bullish.

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The market's drastic fluctuations yesterday were actually just sector rotations, a buildup before the popular sectors switched. The current volatility may be a time for some to get trapped, or perhaps it's when someone starts to cut losses at the bottom. The market's performance yesterday changed from the chaotic rise of the previous day, leaving many people at a loss for what to do. For many old cryptocurrencies that have recently risen, some came in at high prices, and now many are hesitant. These old mainstream coins can be viewed as a current phase hotspot because they play a significant role in waking up the previously exited investors to return to the crypto space, bringing in new funds. Subsequently, leading coins in major sectors and mid-to-large market cap coins will experience a good rebound, followed by small-cap altcoins;

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Bitcoin's performance on Saturday and Sunday was relatively slow, mainly focused on adjustments, which is within our expectations. After reaching a new high of 99623 early Saturday morning, it formed a downward trend and entered a period of adjustment. The lowest point at midnight came to 95840, initiating a rebound, currently operating around 98000. From the current structure, in the short cycle, the coin price is entering an adjustment trend after peaking and then falling back, and currently, it is trending towards price correction, with the retracement being limited. It can also be understood that the correction is merely a method for the bulls to gather momentum, as there is still plenty of space above. As long as there is no deep retracement or continuous reverse movement in the short term, it won't be sufficient to cause a reversal. For the future, we still treat it as a buildup, and after the trend completes, the coin price will rise again. At the beginning of this week, we remain optimistic about the bulls breaking through the previous high.

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Track the real-time hot spots in the currency circle and seize the best trading opportunities. Today is Sunday, November 24, 2024. I am Wang Yibo! Good morning, fellow coin friends. ☀Iron fans check in👍Like and make a fortune🍗🍗🌹🌹

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Bitcoin consolidated sideways before breaking through $100,000. Ethereum's strong pull-up tested $3,500, prompting the altcoin market to have a strong pull-up. The rotation rhythm between the sectors has accelerated, especially the old currencies have broken the long-term silent trend. LTC, ETC, BCH and other old currencies have a strong pull-up rhythm. Bottom-fishing plunge and capturing sector rotation In the early and mid-term bull market, the market occasionally plunges. At this time, picking the bottom can often make steady profits. At the same time, sector rotation should not be underestimated. When the market starts, the sectors rise in an orderly manner, and the sectors that have not risen will eventually make up for the rise, but note that such opportunities are not frequent!

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After several days of continuous rise, Bitcoin finally pulled back during the day, and as expected, it fell back to the first support level of 97200 (the long position of the live broadcast room), and is currently fluctuating around 98000. From the current technical structure, although the decline is strong, it is only a short-term impact and has not affected the reversal of the trend. The bulls still maintain their posture, but they are not strong. Don't chase the short position. Under the shock, the retracement is in place, which means going with the trend. The early trading to tomorrow morning is the key period of the trend. Whether it can break the 100,000 mark depends on the next key position of 99,000. Similarly, we still look at the closing situation at the 4-hour level. If the closing is above this, it will continue to look at 99,650 to 100,000+. On the contrary, if the closing is below this, pay attention to the vicinity of 98,000-97,200;

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Ethereum also changed its previous decadent state yesterday. After rising to 3350 in the morning, it slightly stepped on the consolidation and has never fallen below the 3310 line. In the evening, it finally exceeded the high of 3450 and came to the vicinity of 3500 for a correction, just stepping back to the support of 3380. It is currently fluctuating at the 3430 line. Pay attention to the hourly closing of 3450 in the morning. The upper pressure is 3550-3580, and the lower support is around 3400-3360 (the bullish trend is still strong if the second support is not broken);

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The three major U.S. stock indexes closed mixed, with the Nasdaq down 0.11%, the S&P 500 index closed flat, and the Dow Jones Industrial Average up 0.32%. Large technology stocks rose and fell, with Netflix up more than 1%, Apple and Meta up slightly. Among them, Netflix continued to hit a record high. "Big Bitcoin holder" MicroStrategy Investment MSTR rose more than 10%, and its market value exceeded $100 billion. The crypto market fell more than it rose, and the Bitcoin one-man bull market was fully demonstrated. In the early morning, Bitcoin hit a new high of $94,818. Stimulated by many favorable factors, Bitcoin hit a new high, approaching $100,000. In fact, the crypto market at this moment is reappearing the Bitcoin one-man bull market.

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Bitcoin has been very strong recently, with almost no decent adjustments. Yesterday, the intraday market fell slightly to 91,500 and then rose all the way to around 94,800, setting a new high. This is highly consistent with the trading style of the dog dealer. The entire pull-up method is neat and tidy, without any drag. From a technical point of view, the hourly level currently presents an ascending triangle pattern. As long as the lower trend line is not broken, the overall bullish situation is not a big deal. Although Bitcoin's upward momentum this week has weakened compared to last week, it will not immediately fall into the dilemma of a sharp drop. In the short term, as long as the two key support levels of 91,500 and 88,000 can be maintained, it is only one step away from 95,000, and there is a probability that it will set a new record high today. It is still recommended to buy on dips during the day, and a pullback is an opportunity to buy.

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The current price trend of Ethereum is still weak. It rebounded to 3158 yesterday, but the volume was insufficient and continued to fall. The lowest test overnight rebounded slightly at 3029. The current market still shows an obvious trend extension trend. The key point of the current shock consolidation market is that the trend is slow and the space is not large. Therefore, it is relatively critical to follow up and select points. The short-term shock and slow rise pattern still needs to pay attention to the continuation of the increase. Secondly, pay attention to the strength of the retracement. The retracement strength is small, and follow the low position to see the upward trend. If the key position of 3000 breaks, follow the trend and continue to see the downward space! From the current structure of Ethereum, the operation is to enter the market around 3050, and defend the 3020 range to break and leave. The upper 3150-3220 lines are both suppression platforms. The platform has not stabilized and short orders are entered. Low and high in the range!

Track real-time hotspots in the cryptocurrency world, seize the best trading opportunities. Today is Wednesday, November 20, 2024, I am Wang Yibo! Good morning to all cryptocurrency friends ☀ Iron fans check-in 👍 Like to make big money 🍗🍗🌹🌹

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Bitcoin has once again broken through new highs, with the highest point around 93900. After a series of upward movements in the last four hours, the bulls have surged above this high. Although there is some space for a pullback, overall, the upward trend remains strong. The current retracement is only back to yesterday's starting point, and after the previous pullbacks, a strong rally is inevitable. Regarding the overall trend, we do not only say bullish because the price has risen; we have maintained a bullish outlook for a long time. All operations are based on waiting for adjustments to complete, with the main rhythm being bullish. As the bulls return, we will continue to focus on the bullish trend and make long-term follow-up arrangements! Will this position be touched again? If it breaks 94000, we will look forward to the final wave of the bull market. The important resistance level at 95000 is significant. Currently, the market is straightforward: first rise, then pullback.

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Ethereum's price trend remains weak and fluctuating. After a drop to 3075 last night, the bulls began to recover and rebound, reaching a high of 3145 before forming another pullback. The overall market trend currently shows a cycle of fluctuations. However, the rebound remains an inducement factor. Although the low price decline seems to have stopped, there are still certain induced fluctuations, and the short-term trend is easily skewed. Yesterday saw a fluctuating rebound, but ultimately continued to fall back. The current market still shows a clear trend continuation. The key point in the current fluctuating consolidation is the slow movement, and there isn't much space, so choosing points while following is relatively critical. The short-term fluctuating slow rise pattern still needs to pay attention to the continuation of the gains, and secondly, be mindful of the strength of the pullback. If the pullback strength is small, look for upward movement at lower levels. If the key position breaks, follow the trend and continue to watch for downward space!

Ethereum fell back to the lowest level yesterday and stabilized at 3032, then began to rebound again, reaching the highest level of 3160 and falling under pressure. It is currently running near 3080. The daily line failed to stand above the trend line yesterday and continued to rebound further. The daily line closed with a mid-yin candlestick, forming a candlestick combination pattern of Yin swallowing Yang. The moving average indicator has not formed a complete bullish position, and the closing of the candlestick is not optimistic, making the sustainability of short-term bullish positions still a problem. Perhaps it will be accompanied by a wide range of saws. From the four-hour trend chart, the 4-hour chart inertial high after the rapid spitting, a typical dishwashing technique, strong but not sustainable, weak recovery, accompanied by repeated saws and washes, there is no strong unilateral, although it is in an upward rebound. But the daily line has not walked out of the unilateral trend. The short-term has intensified the shock. With the continuous Yin closing of the daily and 4-hour charts, the candlestick pattern tends to fall back first. It is not ruled out to re-test the low point of the second wave. Pay attention to the low point of this week in the evening. If it breaks directly, it will continue to fall back in the short term. When switching between long and short positions, one must respond flexibly based on the situation; at the same time, in a market that is in a tug-of-war and oscillating state, the position is more critical than the direction.

Track the real-time hot spots in the cryptocurrency circle and seize the best trading opportunities. Today is Monday, November 18, 2024. I am Wang Yibo! Good morning, all cryptocurrency friends. ☀Iron fans check in👍Like and make a fortune🍗🍗🌹🌹

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At present, the market panic index has been soaring, and it is extremely panic and greedy. Frequent liquidation, the amount of liquidation in the past 24 hours reached 298 million US dollars, of which 193 million US dollars were long orders, mainly long orders. In the bull market, we have entered the adjustment cycle. The only thing we can do is to wait patiently, pay less attention to the technical side and learn more about the news side. Because of the recent volatility, everyone must not be too aggressive in operation, let alone get excited, and must be calm! The recent price trend reflects the complex interaction between the strategy of long-term holders and market sentiment. The current market dynamics show that the maturity of Bitcoin investors is increasing, which may affect the future trend of cryptocurrencies.

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Bitcoin was under pressure for the second time at 92,000 yesterday. Although bulls were not suppressed temporarily due to the weekend, it is still memorable. After all, this is a historic moment for Bitcoin. Bitcoin fell back to 78,473 at the beginning of the week and rose to 93,265 during the week. It is still hovering and fluctuating at a high level without a substantial correction. Combined with the daily chart, there is a need for correction. In the short term, it may have to fall back partially. The previous high point is used as a defensive point for consolidation. In the short term, try to short and look for a retracement. Pay attention to the support of the rising trend line around 88,000 below. It is close to the support to see whether it will stabilize or break. The short-term is currently in a correction or consolidation correction. Short-term operations are combined with the hourly chart pattern to determine the interval high and low, and continue to treat it with a shock mindset. If it breaks, adjust the mindset. From the four-hour chart, yesterday was accompanied by repeated highs and falls, but the highs at the end of the trading session still recovered and fluctuated within the range. At present, the upper rail is still suppressed. Today, we still focus on the high point of 92,000. If there is no strong breakthrough, there is still reason to fight for short-term operations at high levels. The short-term support below is around 88,000. Keep the support of the low point of the decline and continue to trade low. The base market fluctuates greatly, and the target is combined with the form to respond flexibly. The short-term thinking in the morning is treated as a shock, and continue to participate in the high and low multiplication around the range to avoid repeated sawing!

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Overnight, the three major U.S. stock indexes closed down collectively, with the Nasdaq down 2.24% and a cumulative decline of 3.15% this week; the S&P 500 fell 1.32% and a cumulative decline of 2.08% this week; and the Dow fell 0.7% and a cumulative decline of 1.24% this week. Among them, the Nasdaq and S&P 500 both recorded their largest weekly declines since September, and the Dow recorded its largest weekly decline since late October. Most large technology stocks fell, with Amazon and Meta falling more than 4%, Nvidia falling more than 3%, Microsoft and Intel falling more than 2%, Apple, Netflix, and Google falling more than 1%; Tesla rose more than 3%. The crypto market gradually stabilized and rebounded after falling overnight. At the current time point, the volatility entering the weekend is likely to be a shock correction.

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After Bitcoin and the US stock market retreated to 87,700 in the late trading, it ushered in another strong rise in the early morning, which was blocked by the obvious support point of 87,000. After reaching the highest point of 91,780, it was suppressed by the upper track of the small cycle and stepped back slightly. The overall retracement strength was not strong! After breaking through the new high this week, the market has been in a high-level consolidation state, with a wide range of strong saw-saws, and the retracement failed to close at a high level. The bullish trend has maintained a tough attitude and has not weakened due to the reversal. The current retracement to build the bottom support gradually rises, and the step-by-step upward movement is all paving the way for the next breakthrough. In the four-hour level, the coin price has been rising continuously, accompanied by a small retracement in the short term, but it does not affect the overall trend at all. The bullish trend has not changed significantly. At this stage, the overall operation channel has shown a slight upward opening sign, and the moving average in the attached indicator has shown an obvious upward diffusion state. The further reduction of the short-selling volume directly slows down the current coin price retracement. Even if there is a certain retracement demand in the short term, the overall structural trend is still an obvious bullish trend. The subsequent operation ideas are based on the coin price retracement and go long!

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Yesterday, Ethereum basically showed a bottom oscillation pattern. After a quick drop of 3010 in the evening, it rebounded in the early morning and is still oscillating around 3100. Of course, we noticed that the varieties led by Ethereum have all gone through the daily level of callback, or in other words, they have gone through a special oscillation structure, and have not been able to have a large retracement space. For the current trend, for the cottage, although today is the weekend, it is expected that the market will not fluctuate. After a short adjustment in the morning, continue to adopt a low-multiple layout.

Track the real-time hot spots in the cryptocurrency circle and seize the best trading opportunities. Today is Thursday, November 14, 2024. I am Wang Yibo! Good morning, fellow cryptocurrency friends. ☀ Iron fans check in 👍 Like and make a fortune 🍗🍗🌹🌹

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The three major indexes closed mixed overnight, with the Dow up 0.11%, the S&P 500 up 0.02%, and the Nasdaq down 0.26%. Most large technology stocks rose. Last night, the U.S. CPI data was released, remaining high for the third consecutive month, ending the "six-game losing streak". Despite the stabilization of inflation data, the Fed still faces ongoing risks in achieving its inflation target. The so-called "super core" service index, which excludes housing costs, rose the smallest in three months in October, with a 0.31% increase slightly lower than the average level of 0.35% this year. The market increased its bets on another rate cut by the Federal Reserve in December. Despite the stabilization of inflation data, Fed policymakers are still likely to cut interest rates by another 25 basis points at the last meeting of the year next month. The crypto market has seen huge fluctuations again, the market has fluctuated violently, and the contract market has seen a double explosion of long and short positions. ​​​

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In the midnight market, Bitcoin strongly hit the high of 93421, setting a new record high again. This is the rhythm of rushing to 100,000. Yesterday, Bitcoin retreated to the lowest low of 86180. Midnight is also a space for nearly 7,000 points. The current price of the currency is consolidating around 89700, ready to break through the 90000 mark again. Yesterday, the cross-yin K closed to a certain correction. Today, as the market retreated to the lowest level in the early trading to seek support, it was also blocked as expected. In the evening, the CPI and the high opening of US stocks affected the daily line again and turned into a big Yang K and continued to rise. The current market continues to rise. It will continue to rise without the top pressure level, and the current 95000 mark is not a strong pressure level. The 4-hour line structure went up and turned, and the subsequent trend continued to go up after the shock and fall. In the case that the trend has not changed effectively, all the retracements are corrections after the upward movement. The price of the currency is too high in the short term, so don't easily say it has reached the top. Continue to maintain multiple ideas in participation

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Overnight, the three major U.S. stock indexes collectively closed lower, with the Dow down 0.86%, the S&P 500 index down 0.29%, and the Nasdaq down 0.09%. Most large technology stocks rose, with Nvidia up more than 2%, Netflix, Microsoft, and Amazon up more than 1%, and Google and Meta slightly up; Apple closed flat, Tesla fell more than 6%, and Intel fell more than 3%. Bitcoin surged to $89,970.2, with the $90,000 level within reach and approaching $100,000, but suddenly experienced a sharp drop. Has it reached the peak? This triggered panic and concern among investors in the market, causing some altcoins to undergo significant retracement. In fact, each time the crypto market is about to reach a crucial and anticipated level, it will inevitably experience a significant shakeout, washing out some investors.

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Yesterday morning, Bitcoin first surged and then retreated, opening above the $90,000 mark in the afternoon, but failed to stabilize at the 9xxx level, then began to gradually decline, with a lowest point arriving at around $85,150. Pay attention to this position during the early session, as it was the low point from last night’s spike. As long as it does not fall below this level, the 4-hour trend is still bullish. If it can stabilize above $88,000 in the smaller time frame, this correction will end, and the trend will continue upwards, with the previous high of $90,070 as a target! It is highly likely that last night's pullback was a signal for everyone to anticipate a deeper dive, attracting retail investors to enter the market, directly encouraging retail buying. If the smaller time frame fails to stabilize above $88,500, it will continue to be in a correction. If it breaks below $85,150, the 4-hour trend will begin to correct, with support levels nearby at $83,500!

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Ethereum is still in the same depressed state. Yesterday morning, it fluctuated and rose to around $3,450, facing resistance before following the market down, with a lowest drop to around $3,210. During the evening session, it tested downwards multiple times but did not break this range, temporarily stabilizing. However, compared to Bitcoin, the rebound space is limited, fully demonstrating the principle of falling with the market but not rising with it. Ethereum is currently in a correction on the hourly chart. In the morning session at $3,220, as long as it does not fall below this level, the 4-hour trend is still bullish. If it can stabilize above $3,325 in the smaller time frame, this correction will end, and the trend will continue upwards, with target/resistance levels nearby at $3,420 and $3,450! If the smaller time frame fails to stabilize above $3,325, it will continue to be in a correction. If it breaks below $3,200, the 4-hour trend will begin to correct, with support levels nearby at $3,150, $3,120, and $3,080!

Bitcoin's upward momentum continues to lead to a peak, with the price reaching around 89,000! Recently, I have been advising everyone to go long, buying at any point, and to add on pullbacks. I haven't mentioned shorting at all. The market has been breaking new highs, with the daily chart closing with a strong bullish candle. The bulls are incredibly strong and show no signs of reversal. Fear of heights will only cause one to miss out. When a one-sided trend appears, technicals may show brief failures. However, pullbacks can only be postponed, so I expect to see new highs ahead, with the target range focused on 92,000 to 95,000. The strategy remains to primarily go long on slight pullbacks. To avoid missing out, consider entering in batches or keeping a core position for adjustments!

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Ethereum has also changed its downward trend, overnight reaching above the 3360 level. The overall technical structure still aligns with expectations, and the bullish breakout is essentially a foregone conclusion. The bullish trend remains intact. It is better to die in the bullish camp than to guess the top; this is the main mindset now. The daily and weekly charts have opened up space, and after breaking out, we should look upwards at the position of support and resistance. Next, we need to observe the momentum of continuation. With the break above 3350, the next resistance platform is the 3520-3550 range. If it breaks, we can continue to look at the potential space of 3750 in the near term. Just keep following the bullish breakout!

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If Bitcoin continues to lead, market attention will shift to altcoins. Remember, everything besides Bitcoin is an altcoin. Pay close attention to the potential rebound of VC (Venture Capital) coins, which might exceed expectations. Watch for new narrative hotspots in the market; whether it's the narrative extension of ETH or the meme culture of SOL, these could present new opportunities. SOL has been active on the current platform for 8 months and is showing significant strength. The RAY in the ecosystem has also been continuously testing new highs, and breaking new highs is just a matter of time. The relatively strong sector this round is the RWA category! Whether it's old DeFi in new clothes or new RWA track coins, they all show a relatively strong market, at least oscillating in the same area, unlike most small coins that keep making new lows. This indicates that there is capital participating in this sector, making it worth positioning. AI will also be a continuously hyped sector in the future, as AI evolves and strengthens, the topic of speculation will persist. For detailed positioning, pay attention to Yibo!

A new week, a new beginning. The cryptocurrency market is booming, with Bitcoin reaching a new high of $81,568, approaching the $100,000 mark. Today, Bitcoin will hover around $80,000, looking for a breakout point. The main drivers behind this round of Bitcoin's rise include the launch of ETFs, continuous inflow of institutional funds, the possibility of Trump’s election, and the Federal Reserve's three rate cuts this year. These factors collectively pushed the price of Bitcoin to continuously break new highs. The altcoin market is starting to rotate, and this week a series of economic financial data will be released in the U.S., with the Federal Reserve's head scheduled to speak. This data will not affect the Fed's pace of rate cuts in December, but the current market should not be operated blindly. From a technical perspective, Bitcoin's upward trend remains strong, and it is expected to continue breaking new highs in the future. In terms of operational strategy, it is recommended that investors continue to adopt a strategy of buying on dips to grasp the market rhythm and obtain more profits.

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Bitcoin still refuses to pull back, hitting a low of 78,500 in the early morning before quickly recovering and pushing to a new high of 81,700, indicating that the mid-term upward trend remains unchanged. The first resistance to watch above is 82,000, and if broken, look for 85,000! From the current trend, it is a strong unidirectional rally. As long as there is no reversal, it can be considered bullish, and any pullback can be seen as a buying opportunity. From the hourly chart perspective, the bullish arrangement has been sustained, and the overall rhythm is a unidirectional trend, so we will continue to participate in buying on dips in the early morning.

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Ethereum has recently reversed its declining trend and is moving strongly upward. After testing the 3,251 level overnight, it faced resistance and fell back. The overnight bears made a false move downward, dropping to 3,069 before quickly recovering to above 3,180. The price center has been gradually rising, and the K-line continues to elevate. The short-term moving averages are also showing a continued strengthening trend, with MACD bullish volume still in an orderly state and continuing to expand. The signs of an upward opening in the running channel remain unchanged! From the rhythm perspective, there is still demand for further upward movement. Moreover, in a bull market, there is no such thing as a top; first, watch the 3,280-3,350 range for resistance, and if broken, focus on above 3,500 for a wide upper space. The short-term layout in the early morning still revolves around buying on dips.

The US election results, combined with the expectation of an interest rate cut in November, have already shown a spiraling upward trend in the crypto market. Bitcoin has continuously hit new highs, while Ethereum has reversed its poor performance, breaking and stabilizing above 3000 USD. Ethereum's breakthrough surge has also boosted enthusiasm in the altcoin market. This trend in the crypto market has completely shattered the myth that good news leads to a crash. Trump's presidential campaign has the strong support of Musk. In fact, before the election, whales and institutions were continuously suppressing and accumulating. Recently, new coins have shown strong performance, while past star coins seem stuck in place. However, narrative-driven old coins will still rise in full circulation. The reason old coins are stagnant is that too many new coins are launching, and unlocking and delisting have been continuously plaguing the performance of old coins. What we need to do is hold our coins and patiently wait for the rise after sector rotation.

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After Bitcoin surged to around 77000, it is currently in a correction phase, which is quite evident on the four-hour chart. The price is operating in a range above the mid-line. Given the weekend market, it is expected that today’s daytime trading will still operate within this range, with overall support at the 76000 level. The market continues to correct after the midnight surge, with the K-line consistently operating around the mid to upper tracks as the Bollinger Bands contract. The overall trading range is narrowing in the short term, and Bitcoin still needs to correct and build momentum after the surge. However, the situation for Ethereum is different from Bitcoin; the K-line has continuously surged without much pullback, and the four-hour line is gradually breaking through the upper track. The three lines of the Bollinger Band are continuously rising, indicating that there is still upward space in the market. In terms of operations, participate with high shorts and low longs around the 77500-75500 range! (If it breaks above 77600, it could see 79000).

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Ethereum’s daily line has once again broken new highs. Although there is a slight pullback every time it breaks a new high, it still maintains a strong corrective technique in terms of space. After all, the overall repair rhythm is quite fast, and the moving average indicators in the small cycle are still showing bullish signals. The structural pattern remains bullish, and looking back, there has already been a 700-point increase this week. The bull market does not call a top, and in terms of operations, we still maintain a strategy of buying on dips and looking for continued breakthroughs, focusing on 3100-3080 for buying, and looking at 3200-3300.

Tracking real-time hot topics in the crypto world and grasping the best trading opportunities. Today is Saturday, November 9, 2024. I am Wang Yibo! Good morning, crypto friends ☀️ Hardcore fans check in 👍 Like it to make a fortune 🍗🍗🌹🌹

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Overnight, the three major U.S. stock indices collectively rose, with the Dow Jones up 0.59%, a cumulative increase of 4.61% this week; the S&P 500 index rose 0.38%, a cumulative increase of 4.66% this week; the Nasdaq rose 0.09%, a cumulative increase of 5.74% this week; all reached new historical highs. Among them, both the Dow Jones and S&P 500 index achieved the largest weekly increase since November 2023, while the Nasdaq had the largest weekly increase in two months. Tesla rose over 8%, with a cumulative increase of over 29% this week, marking the largest weekly increase since January 2023, returning its total market value to $1 trillion; Google fell over 1%, while Intel, NVIDIA, Apple, Microsoft, Netflix, Amazon, and Meta saw slight declines. The crypto market showed mixed results, with Bitcoin breaking through $77,100, setting a new historical record. Ethereum peaked at $2,980. ​​​

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After a day of slight fluctuations, the price of Bitcoin finally surged again at midnight, reaching a high of $77,113. The daily chart once again formed a small doji star, and the overall market maintained narrow fluctuations. The upward momentum has slightly slowed, but the overall strong structure is still quite evident. Currently, the technical structure has not changed significantly. After experiencing adjustments, the daily line has started to turn bullish again. The momentum for accumulation and correction has basically become a thing of the past, and the multiple consecutive bullish candles have laid the foundation for further upward movement. This pattern is likely to touch the peak. Pay attention to a formation here; distinguish between correction and trend reversal. If a strong trend undergoes a pullback correction, the price may fall but will bounce back up and continue to rise; however, if it reverses, it will fall down without bouncing back. In the short term, after confirming support through pullbacks, there will be a strong rebound, and the confirmed support low is continuously rising. The construction of the correction platform is quite evident, and one can continuously look for upward movements based on the process of raising the pullback low.

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Overnight U.S. stocks opened high and continued to rise, with all three major indices closing at new historical highs. The Dow rose by 3.56%, the Nasdaq increased by 2.95%, and the S&P 500 index climbed by 2.53%. Tesla surged over 14%, reaching the highest point since July 2023. The cryptocurrency market continued its rebound, with Bitcoin hitting a new historical high, breaking through $76,000, and Ethereum standing above the $2,700 mark. The biggest news on Wednesday was Trump winning the election; he announced again that he wants to lead America into a golden age! Compared to Sister Ha's election, this is generally positive. It is expected that the Federal Reserve will quickly cut interest rates next year, the Russia-Ukraine war will come to an end, and the situation on the Korean Peninsula will stabilize. The downside is that foreign trade will be affected, but this impact is not unique to us; it is the same globally. Trump's election will lead to a relatively simpler future. What is more important next is the Federal Reserve's interest rate meeting on November 8. In fact, whether the Federal Reserve cuts rates by 25 basis points or 50 basis points in November will be positive for the cryptocurrency market. Today's cryptocurrency market performance can be described as bustling with excitement, with soaring emotions, and the entire market once again showing a chaotic and vibrant trend.

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Bitcoin is advancing strongly, breaking through the historical high of $73,666. Overnight, Bitcoin's price once again reached a new high, oscillating around the $76,400 line before currently retracting slightly. This round of increase was actually anticipated, as Trump promised to bring favorable policies to the cryptocurrency market during his campaign, aligning himself with cryptocurrency users. Therefore, the market generally believes that his election will inject new momentum into cryptocurrencies, pushing prices higher. From past experiences, the benefits of the election usually last for about three months, and Bitcoin indeed has the potential to reach the price range of $78,000 to $85,000. If market sentiment and policy expectations further improve, it may even break the $90,000 mark. From today's perspective, it has already broken new highs, but whether this is a real breakthrough or a false one remains to be seen. Overall, it appears to be a false breakthrough, because the momentum of the breakout is not as strong as previous times. There is a high possibility that it is a false breakthrough. However, the overall upward trend remains intact. Therefore, the direction is still to buy on the dip, but position management is crucial.

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Overnight, all three major U.S. stock indexes closed higher, with the Nasdaq rising 1.43%, the S&P 500 up 1.23%, and the Dow Jones increasing 1.02%. Nvidia surged over 2%, with a total market value of $3.43 trillion, surpassing Apple to become the world's most valuable company again. Due to anxiety surrounding the U.S. elections causing fluctuations in cryptocurrency, Bitcoin retraced its gains; one day before the official voting begins for the elections, net outflows from Bitcoin ETFs reached a historic high, and traders are preparing for potential market volatility on election day. As the final stages of the U.S. election make traders nervous, the upward trend in cryptocurrencies quickly reversed in the U.S. afternoon session.

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Bitcoin has recently been volatile, with the price dipping to around 66,800 and peaking at around 70,500, creating a back-and-forth trading rhythm. Be cautious of short-term risks; whoever wins the election will not change the slowing volatility! It will only increase the speed of back-and-forth trading! After a rapid rise in U.S. stocks, a short-term resistance emerged, and yesterday’s rebound at 70,500 faced resistance. Even with support from the U.S. stock market, it still couldn't maintain its upward momentum. Prices declined to around 68,800 after following an ascending channel, and the current price is back around 69,000, with a focus still on short-term long positions.

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Ethereum's mobility is slightly weaker, and recent performance shows it cannot keep up with Bitcoin's upward pace, resulting in a back-and-forth tug-of-war in the short term! After testing the low of around 2,355, it started to rebound, but in the evening, it followed the market up to around 2,480, where it faced resistance. The surge resulted in a downward move and closed with a bearish candle, failing to extend the perfect upward movement for the evening bulls, which has indeed left many people scratching their heads! From the current pattern, a retracement to around 2,400 has some short-term support, and the moving averages show some signs of deviation. The small cycle pattern still maintains a weak trend, entering a phase of oscillation and correction. ​​​

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Overnight, the three major U.S. stock indices collectively closed lower, with the Dow Jones falling by 0.61%, the Nasdaq down by 0.33%, and the S&P 500 dropping by 0.28%. Most large tech stocks fell, with Tesla and Intel dropping over 2%. The cryptocurrency market saw a broad decline again, with Bitcoin dropping below $67,000, testing a low of $66,800 before starting to rebound, and Ethereum falling below $2,400, testing a low of $2,355. Both may follow different trends after the presidential election, so let's wait and see. As the election approaches, it's essential to be aware that news in this area may cause sharp rises and falls in the market; remember to set stop-loss and take-profit measures for protection.

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Bitcoin continued its weak fluctuation yesterday, with bullish momentum weakening later on, leading to a continued decline in price during the early hours. Bitcoin faced pressure again around $68,000 during the rebound, deepening its adjustment, with a low of $66,800 reached in the early morning. At the four-hour level, although there was a rebound in the market, the overall trend still leans toward bearish, and it can still be viewed as a correction, remaining in adjustment. The repeated fluctuations in the market yesterday led to a contention between the bulls and bears, with the bulls showing clear signs of weakness. The market returned to a downtrend in the evening as expected. It is not hard to see that the downward pressure is much more rapid and intense than the rebound, which is a clear indication of the dominant trend. The main trend's operation and expansion are always faster and more forceful than the secondary rhythms. During the day, we will see if it can rebound back to $68,500; if it cannot stabilize, then the bears may continue to push lower.

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Ethereum faced pressure and adjusted from a high point of $2,437, halting at a low point of $2,355 before slightly rebounding. In terms of technical structure, the daily line has been continuously breaking lower, extending the weak trend, entering a phase of contraction and fluctuation. The daily performance shows consecutive declines and effective continuation, with the K-line forming six consecutive bearish candles. The market trend is extremely weak, and even the rebounds have been absorbed by the declines. The four-hour chart shows a weak downtrend, with prices testing and recovering weakly. The bearish volume is organizing in a contraction, and the moving averages show signs of some retracement. The smaller cycle patterns continue to exhibit weakness, entering a phase of corrective fluctuation. ​​​

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It's a new week, a brand new beginning. Never forget the initial drive you had; if it's waning, it means you're about to exit. Stay true to your original intention, and you will succeed! The presidential election will undoubtedly intensify the volatility in the cryptocurrency market. Regardless of who becomes president, they will have to face the decline of the U.S. economy, the banking crisis, and the trade deficit with U.S. debt issues. The results announced on November 5 will affect market sentiment, having a short-term impact on Bitcoin prices, while the long-term impact is minimal. The underlying logic for Bitcoin's rise is not the Federal Reserve's policy or who the U.S. president is, but rather the global trust crisis in the U.S. dollar! Coupled with last Friday's Federal Reserve interest rate decision, without exception, these are all news that can directly stimulate significant fluctuations in coin prices! It is expected that this week's market will have considerable volatility,

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Bitcoin's price showed a downward trend over the weekend. Last night, the price rapidly rebounded from a dip to the 67500 area, showing consecutive upward candlesticks. Currently, the price has achieved significant recovery results. From a short-term perspective, the downward opening of the operating channel releases space, and the price decline has stopped, with signs of recovery already appearing. Bearish volume is shrinking, and after a consistent downward release of moving averages, it has started to turn upwards; currently, a warming trend has begun. On the four-hour chart, the price did not move upwards before dropping again, and is currently testing low support levels. The operating channel is narrowing again, with frequent volume transitions between long and short positions, and the fluctuations have once again narrowed. The small cycle remains unchanged, with short-term fluctuations leading to a recovery; the downward movement is not continuing. The key support for Bitcoin is concentrated between 67000 and 66500, with an extreme position at 65500. On Monday, the short-term support to focus on is the low point of 67500 that was tested yesterday! This drop and adjustment will provide an opportunity to buy again; our upcoming strategy will focus on low buying.

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There are still two days before the election. The US stock market will not open for two days on the weekend, so the market fluctuations are relatively small. At present, everyone is waiting for the US election to be concluded. The presidential election will inevitably intensify the violent fluctuations in the market. No matter who is in office, they will have to face the US economic downturn, banking crisis, trade deficit and US debt crisis. The results of the first phase of the election on November 5 will affect market sentiment. It will have an impact on prices in the short term, but not in the medium and long term. The underlying logic of Bitcoin's rise is not the Fed's policy and who is the US president, but the global trust crisis in the US dollar! ​​​

Yesterday, after the Bitcoin market came out of the low point of this adjustment in the morning, there was a small rebound, but the strength was relatively small. After the rebound in the morning, other varieties continued to decline slightly, but we can clearly see that the momentum of the decline has been gradually weakening. Moreover, the downward momentum is gradually weakening. From the weekly level, the price of the currency has partially fallen after the previous big positive pull, but the strength is limited. It rebounded again after stepping back and repairing. At the same time, the weekly line ended with a positive K. The current trend is in the adjustment stage of the bullish trend. The callback is just a better preparation for the bullish stretch in the future market. In addition, if the election next week is good for the currency circle, the exchange rate is expected to soar above 80,000.

In terms of the altcoin sector, SOL has been tossing on the current platform for 8 months. Overall, it is very strong, for the hottest MEME coin at the moment. These belong to the world of ultra-short-term masters. The MEME they dig out every day without eating or sleeping is not something that everyone can do. Don't be tempted to get rich quickly. They are all one in a million. Myths require luck, not just hard work. The relatively strong sector this round is the RWA sector! Whether it is the old DeFi in new clothes or the new RWA track coin, they all show a relatively strong market. At least everyone is fluctuating in one area, rather than continuing to hit new lows like most small coins. This is a sector with capital participation, and it is worth investing in. AI will also be a sector that will continue to be hyped in the future, because as AI continues to evolve and strengthen, the topic of hype will continue to exist, but AI tokens are still speculative products at present, and it is difficult to land. You need to have a strong sense of rhythm to make money from it.