The market is about to crash! 20241124

CN
2 days ago

Good evening, brothers!

As I grow older, I understand more the beauty of withered vines and old trees.

I like an old tree stump, I like the remnants of lotus, reed flowers, and the sunset.

I like chrysanthemums in the frost, I like plum blossoms in the snow.

I appreciate the accumulation and aftertaste in decay,

I enjoy the solitude and contemplation in the old and worn…

The beauty of time has less delicacy and intention,

And more simplicity, silence, openness, and weight.

Perhaps this is a middle-aged person's tribute to time…

Today, the boss has recovered from his cold and has been discharged from the hospital.

I hope the future is safe and sound,

Healthy and well,

With time passing peacefully.

……

Under the "Bitcoin Frenzy (BITSANITY)," the leading Bitcoin company MicroStrategy (MSTR) is becoming increasingly popular.

On Thursday, November 21, MSTR's trading volume exceeded the total of the U.S. spot Bitcoin ETF, accounting for most of the trading volume in the U.S. stock market that day. The stock price surged by 14.6% at one point, reaching a historic high, but then plummeted rapidly, dropping over 25% from the day's high of $536.7 per share to close at $397.28 per share.

On the same day, the price of Bitcoin rose by 5% to reach a historic high of $98,311; the total trading volume of the "Bitcoin Industrial Complex" (including the U.S. spot Bitcoin ETF, MSTR, Coinbase, and other stocks) reached a record $70 billion, far surpassing the previous day's record of $55 billion; the asset size of the U.S. spot Bitcoin ETF broke the $100 billion mark.

BTC: On the 4-hour level, the price has fallen below the middle band of the Bollinger Bands, indicating a potential pullback in the market.

On the daily level, the price continues to stay above the moving average support, but it is highly likely to break below the moving average support, so caution is needed for a market pullback.

In summary, the support level is 97,000, and the resistance level is 97,500.

ETH: On the 4-hour level, the price has fallen below the middle band of the Bollinger Bands, indicating weakness in the market, with a support level of 3,330 and a resistance level of 3,360.

In summary, the support level is 97,000, and the resistance level is 97,500.

ETH: On the 4-hour level, the price has fallen below the middle band of the Bollinger Bands, indicating weakness in the market, with a support level of 3,330 and a resistance level of 3,360.

LTC: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level of 94 and a resistance level of 97.

BCH: The price has fallen below the middle band of the Bollinger Bands, indicating weakness in the price trend, with a support level of 480 and a resistance level of 520.

That's all for now, good night!

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