Track 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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Currently, the market panic index has been soaring, in a state of extreme fear and greed. There have been frequent liquidations, with a total amount of liquidations reaching 298 million US dollars in the past 24 hours, of which 193 million US dollars were from long orders, and the main burst was from long orders. In the Bull Market, we have entered an adjustment period, and the only thing we can do is to be patient, pay less attention to technical analysis and focus more on news analysis. Due to the recent big fluctuations, we must not be too aggressive in our operations and must stay calm! The recent price movement reflects the complex interaction between long-term holder strategies and market sentiment. The current market trend shows that the maturity of BTC investors is constantly improving, which may affect the future trend of cryptocurrency.
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BTC was pressured twice at the 92000 level yesterday. Although long positions were temporarily not suppressed due to the weekend's influence, the lingering impact is still palpable. After all, this was a historic moment for BTC. At the beginning of the week, BTC retraced to the 78473 level, and then pumped to the 93265 level during the week, and is currently oscillating at a high level without substantial pullback. Combined with the need for correction indicated by the daily candlestick chart, short-term adjustments may be necessary. The upper resistance level will serve as a consolidation defense point, while short-term attempts to short and observe the retraction. Pay attention to the support near the rising trend line at around 88000 below, and observe whether it stabilizes or breaks through the support level. Short-term is currently undergoing a pullback or consolidation correction. Short-term operations should consider the hourly chart pattern to determine high and low points, and continue to approach with an oscillating mindset, adjusting the strategy if a breakthrough occurs. Looking at the four-hour trend chart, there were repeated highs and lows yesterday, but the late surge still brought the oscillation back within the range. The upper resistance is still evident, and today continues to follow the 92000 high point. Without a strong breakthrough, there is still reason to short at a high level. The support below in the short term is around 88000. Holding onto the support of the lower retracement point continues the bearish sentiment. The large fluctuation provides a flexible response to the market conditions. The short-term strategy in the morning continues to approach with an oscillating mindset, participating around the range of high and low points to avoid repeated back and forth movements.
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ETH 2.0 fell to a low of 3032 and stabilized yesterday, starting a rebound once again. The highest point reached was 3160 before falling under pressure. It is currently running near 3080, and the daily chart failed to stay above the trend line to continue the rebound. The daily candlestick closed with a bearish engulfing pattern, forming a bearish engulfing candlestick combination. The moving average indicator also did not form a complete long position, and the candlestick closing was not optimistic, making the sustainability of short-term long positions still a problem. Perhaps it will accompany a wide whipsaw. Looking at the 4-hour trend chart, after the inertia of the 4-hour chart, there was a rapid sell-off, a typical whipsaw technique, which looks strong but is not sustainable, and looks weak but recovers. Accompanied by the whipsaw in the repeated back-and-forth, there is no strong one-way trend, although there is an upward rebound. However, the daily candlestick did not show a one-way trend. The short term has intensified the oscillation, and with the consecutive lower closes of the daily candlestick and the 4-hour chart, the candlestick tends to fall first, and it is not ruled out that it will retest the low point of the second wave. In the morning, pay attention to the low point of this week. If it is directly broken, it will continue to weaken in the short term. Switching between long and short positions, it is important to be flexible in responding to the form, and the position is more critical than the direction in the oscillating market.