Morning Analysis - Is the pullback a false move or the last struggle of the bulls? Detailed explanation of mainstream and altcoin layouts during the session!

CN
2 days ago

Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities. Today is Monday, November 25, 2024. I am Wang Yibo! Good morning to all crypto friends ☀️ Hardcore fans check in 👍 Like to make big money 🍗🍗🌹🌹

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Bitcoin has paused at the $100,000 mark, which is basically in line with expectations. Market liquidity has improved, and large-cap coins are starting to catch up, with XRP, ADA, and SAND leading the way due to favorable tax exemptions. Although Ethereum has performed weakly so far in this round, related assets like UNI, LINK, and other DeFi projects are also average. This is mainly because Solana is genuinely revolutionizing Ethereum in terms of scale, application products, wealth creation efficiency, speed, transaction fees, and chain performance. Not to mention that capital is primarily driving Solana's growth. However, Ethereum is still the leader among altcoins, and a catch-up will eventually come; we just need to be patient.

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The market experienced significant fluctuations yesterday, which was essentially a rotation of sectors, creating momentum before switching to popular sectors. The current volatility may be a time for some to get trapped, or perhaps some are starting to cut losses at the bottom. The market's performance yesterday changed from the chaotic rise of the previous day, leaving many feeling at a loss. For many older coins that have recently risen, some have come in at high prices, leading to hesitation among many. These old mainstream coins can be viewed as a current phase of hotspots because they play a significant role in bringing back previously exited investors, attracting new capital. Subsequently, major sector leaders and mid-to-large-cap coins will see a nice catch-up, followed by small-cap altcoins.

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Bitcoin's performance over the weekend was relatively slow, primarily adjusting, which was within our expectations. After reaching a new high of $99,623 early Saturday morning, it began to pull back into an adjustment phase. The lowest point at midnight was around $95,840, initiating a rebound, and it is currently operating near $98,000. From the current structure, the price is in a correction trend after a high and pullback, and it appears to be a price correction trend with limited retracement. This can also be understood as a method for bulls to build momentum, as there is still ample space above. As long as there isn't a deep retracement or continuous reverse movement in the short term, it won't be enough to form a reversal. We still treat the situation as building momentum, and after the trend completes, the price will rise again. At the beginning of this week, we remain optimistic about a bullish breakout above the previous high.

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Ethereum reached a high of $3,500 on Saturday evening and has since entered a correction, with the lowest point touching $3,282 before recovering. From the current technical structure, the price is still within an upward channel, and the slight pullback will not affect the overall trend. The strong structure remains unchanged, and we continue to maintain a low-buy strategy. Currently, it is under pressure in the upper range, followed by some pullback, but the intensity is not significant. In the short term, we should pay attention to the breakout situation of the resistance platform around $3,460-$3,500. It is currently maintaining within the channel and holding support, with limited pullback. If it closes high and maintains high-level fluctuations, we can expect a time correction, so the lower points will not easily break. Therefore, in terms of operations, pullbacks can still be bought.

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In this market, it ultimately comes down to ability. If your ability is insufficient, the market will eventually make you pay it back one day. Therefore, when your wealth exceeds your ability, you need to control your pullbacks. Although this control may be in vain, that kind of arrogance and hubris from profits will ultimately destroy a person's rationality. However, we don't need to worry about our wealth being lower than our ability in the capital market because this imbalance will eventually be corrected by time. If it hasn't been corrected, there is only one reason: your ability is insufficient. If you are still in a state of confusion, not understanding technology, unable to read the market, not knowing when to enter, unable to set stop losses, not knowing when to take profits, randomly increasing positions, getting stuck at the bottom, unable to hold onto profits during volatility, and missing out when the market moves, these are common issues among retail investors. But it doesn't matter; come to me, and I will guide you to think correctly about trading. A single profitable trade speaks louder than a thousand words. Instead of repeatedly losing, come find Yibo! Frequent operations are not as good as precise trades; let each trade be valuable. What you need to do is find Yibo, and what we need to do is prove that our words are not empty. 24-hour real-time guidance, as the market fluctuates quickly. Due to the effectiveness of the review, the subsequent market trends will be based on real-time arrangements. Friends who need contract guidance can scan the QR code below the article to add my public account.

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