Track real-time hotspots in the cryptocurrency circle and seize the best trading opportunities. Today is Saturday, November 23, 2024. I am Wang Yi Bo! Good morning, crypto friends ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹

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Overnight, the three major U.S. stock indexes collectively rose, with the Dow rising by 0.97% and accumulating a rise of 1.96% for the week; the S&P 500 rose by 0.35% and accumulated a rise of 1.68% for the week; the Nasdaq rose by 0.16% and accumulated a rise of 1.73% for the week. Large-cap tech stocks showed mixed performance, with Tesla rising by nearly 4%, Microsoft rising by 1%, Apple, Netflix, and Intel slightly rising; Nvidia fell by over 3%, Google fell by over 1%, Amazon and Meta slightly declined. Tesla hit a new high since April 2022, with a total market capitalization of $1.13 trillion; Netflix has continuously hit new highs for five consecutive trading days. Bitcoin hit a new high again, breaking through $99,500, while the Altcoin market trend is showing differentiation, with newly listed coins leading in declines and well-established coins leading in rises.
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We are about to witness the historic milestone of $100,000 BTC. In the past few days, the market has continued to rise to new highs, and the prices of ETH and other mainstream tokens have also been elevated. BTC is just one step away from the $100,000 mark. What will happen next? BTC's daily candlestick has shown a strong rebound and closed higher for 5 consecutive days. Looking at the rebound space on the weekly chart, it has formed a 4-day consecutive upward trend. However, we need to pay attention to whether the $100,000 mark can stabilize. We need to guard against the possibility of the market exploring higher prices and then falling back. It is not advisable to chase the market at this point. Previously, the price steadily rose, but with the release of trading volume, we need to prevent the risk of exploring higher prices and then falling back. Looking at the 4-hour chart, BTC has rebounded strongly upward, relying on the middle track. Today is Saturday, and it remains to be seen whether the market will continue to rise or maintain the previous volatile trend. Personally, I predict that there will be a retracement after exploring higher prices today, and the closing position will determine the strength and continuation of the market. Will it close lower after exploring higher prices, or will it consolidate and correct horizontally after exploring higher prices, which will determine the short-term strength and weakness. In terms of market data, there is still a relatively high risk of exploring higher prices and then falling back, so it is not advisable to chase the market today. The main strategy may be to look for short opportunities after the market rallies.
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There will definitely be an alt season, but not all altcoins will rise, so choosing the right coin is important. The market in the crypto world is highly competitive, and the long tail effect is very weak. If the coin you choose does not attract new funds, then its sustained value (long-term Consensus) is generally weak and cannot support long-term inflows of funds, which will quickly shrink its market value. A race track from a year ago may only have one or two leading coins that are still relatively strong after a year, while the others have been forgotten. For example, in the inscription race track, leadingordi is the only one, can you think of any other inscription coins? How are these coins doing now compared to their historical highs? Why are some altcoins unable to keep up with BTC, SOL, and PEPE, which have broken through their historical highs in this bull run? It is recommended that friends replace garbage coins and hold only leads to missing out on this bull market. If you don't know how to choose a coin, click into Yibo's live broadcast room to chat together!#BTC Keeps Climbing: Is $100K Next?