Track the real-time hotspots in the currency circle, seize the best trading opportunities. Today is Monday, November 18, 2024. I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹

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The current market panic index has been soaring, in a state of extreme panic and greed. There have been frequent liquidations, with a total liquidated amount of $298 million in the past 24 hours, of which $193 million are long orders, and the main burst is the long order. In the adjustment period of the bull market, 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 there has been significant fluctuation recently. Everyone should not be too aggressive in their operations and should not get carried away. Stay calm! The recent price action reflects the complex interaction between long-term holder strategies and market sentiment, and the current market dynamics indicate that the maturity of BTC investors is constantly increasing, which may affect the future trend of cryptocurrencies.
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BTC yesterday faced resistance around 92000 for the second time. Although long positions were not suppressed temporarily due to the weekend influence, the lingering sentiment remains. After all, this is a historic moment for BTC. At the beginning of the week, BTC pulled back to around 78473 and pumped to around 93265 during the week, currently hovering at a high level without substantial pullback. Combined with the correction needs indicated by the daily candlestick chart, there may be a partial pullback in the short term. The previous high point is used as a defensive point for consolidation above, and attempts short positions to observe the retracement. Pay attention to the support around 88000 near the rising trend line below, and observe whether it stabilizes or breaks near the support. The short term is currently in the midst of a pullback or consolidation correction. In the short term, combine with the hourly chart to determine the range of high short and low long positions. Continue to treat it with a fluctuation mindset and adjust the strategy if there is a breakthrough. Looking at the four-hour trend chart, accompanied by repeated highs and lows yesterday, the final high still returned to the oscillation range. Currently, the upper rail is still significantly suppressed. Today, it still follows the high point of 92000, and there is still a reason to short at a high level without a strong breakthrough. In the short term, the support below is around 88000. Holding onto the support of the low point of the pullback continues to go long. With a large fluctuation base market, adapt flexibly with the target combined with the trend. In the early short term, continue to participate around the range of high short and low long positions with a fluctuation mindset to avoid repeated tug-of-war!
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Ether fell to a low of 3032 and stabilized yesterday before starting to Rebound again, reaching a high of 3160 and then falling back under pressure, currently running near 3080. The daily chart failed to stay above the trend line and continue the further Rebound. The daily chart closed with a bearish candlestick, forming a bearish engulfing candlestick pattern. The moving average indicator has not formed complete long positions, and the candlestick closing is not optimistic, making the sustainability of short-term long positions still a problem. Perhaps it will accompany wide swings. Looking at the four-hour chart, after the inertia of exploration, there was a quick retracement, a typical Whipsaw technique, showing strength without continuity and recovery with weakness, accompanied by repeated Whipsaw in the tug of war, without a strong one-way trend, although it is in an upward Rebound. But the daily candlestick has not formed a one-way trend. The short term has intensified the oscillation, with the consecutive lower closes of the daily candlestick and the four-hour chart, the candlestick trend tends to fall first, and it is not ruled out that it will retest the low point of the second wave of rise. In the early trading, pay attention to the low point of this week. If it is directly broken, it will continue to weaken in the short term. Switching back and forth between long and short positions, it is important to be flexible in dealing with the forms and the market in the tug of war, and the price is more critical than the direction.