Overall oscillating below 100500, but the pullback of the imitation has been considerable. Currently, this position can slightly rebound to a second high, with a small probability of reaching a position higher than 995. The Fibonacci 0.5 retracement position still has some attractiveness. Short around 990-1003, with a lower target at 927, and waiting for a low at 908. The extended buy zone of 1.272-1.414 is a more suitable entry point for long positions. Let's wait.
$BTC In my understanding, it is very likely that this will not rise above 100,000. The daily upward channel has been broken. The starting point of this market segment is around 850, and the first wave high point is at 996. The first testing point after the rebound from the broken channel is around here. If it cannot test above this point, the position after breaking the 996 high and then retracing, which is around 908, is likely to be reached. If it really stands above 100,000, then perhaps it will go to around 104 or 103 to form a right shoulder, but I think the probability is quite low.
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The rebound is strong, but it shouldn't end the daily line's decline so quickly. These positions can be paid attention to.
$BTC If the big cake continues to go up, the 4-hour line will most likely not close below 100500, and it may also test the starting point of the descending channel, which is around 99200. Pay attention to whether the US stock market will go up when it opens.
The current big pancake around $BTC is oscillating in a large range of 96-102, and the current market lacks sufficient liquidity. There have been multiple false breakouts at the 102 position. I am very skeptical that there will be a wave before the altcoin season arrives, adjusting to around the 8 range. Let's wait and see.
The meme and some new coins have reached a temporary conclusion, let's see how Ethereum and the old coins perform with a market cap of $NEAR and whether they can reach this year's new high of $SAND . How long is the horizontal level on a weekly chart, and how high is the vertical level $WLD #render ai #ens Prince #ethfi #arb Second brother's follower
The new coins these days are really tough, like a race, with high enthusiasm and large fluctuations. As long as the market stays stable, it can always be pulled up. Currently, I have no thoughts on the old coins; I guess I have to wait until these guys finish their sprint. $MOVE $ME $memefi $morpho $major
Today is suitable for observing. Bitcoin has already deceived three times above 100,000. Today, a large bearish candle has come down, continuously inserting spikes and declining. If it cannot recover 992, the bullish outlook doesn't look good. A rebound can be observed around 965 below. If it goes further down, it may break the previous low and head towards the 80s.
#morpho is near the previous breakout point, making an adjustment wedge, expected to break out, target above 3-4, with a stop loss if the close is below 2.16.
The big pancake $ETH is really not fun anymore, let's take a look at Ethereum. Although it hasn't reached the ideal pullback entry position, it reflects Ethereum's strength. As long as it can stabilize above 4120, the future is completely free exploration to 45-48 or even higher.
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After a few months of decline, $ETH ETH, unwilling to remain in solitude, has stood up again. The second one is just the second one, and only ETH can single-handedly drag down BTC's market capitalization ratio. I have taken the rising point from eth11.5 to the peak on 11.12 as a reference to draw a Fibonacci. It has now reached the selling zone of 1.272-1.414. Looking down, the support at the 3000 round number seems solid enough, and it can completely go to the range of 0.782-0.618 to accumulate positions. Looking up, the two target positions are around 1.618-4100 and 2-4500. I actually rarely mine Ethereum, just to publish an article and earn a reward. If it helps, I hope you can give it a like.
$BTC Wait for Bitcoin to choose a direction. If it chooses to break through here, it can get near the previous high to see the breakthrough situation. If it is a false breakthrough and does not stand firm, there will be an opportunity for short orders. If it chooses to go down, it will test the 997 support downwards, and it may also grind around the 100,000 mark.
😵😵As mentioned earlier, if the 4-hour line closes above 970, it is possible to change direction. The line at 4 AM just happened to close above, directly surging over 1000 points, completely breaking the bearish structure. It's really hard to play with this.
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$BTC South Korea Exchange's needle directly hits the beginning of 6, bringing out huge demand. It has started to rebound on an hourly level. First, we will see if the daily close can stay above 960, and then observe the breakthrough situation at 970. As long as the 4-hour close stays above 970, we should pay attention to the possibility of a direction change.
$BTC South Korea Exchange's needle directly hits the beginning of 6, bringing out huge demand. It has started to rebound on an hourly level. First, we will see if the daily close can stay above 960, and then observe the breakthrough situation at 970. As long as the 4-hour close stays above 970, we should pay attention to the possibility of a direction change.