11.6 Market Analysis: Bitcoin Hits New Historical Highs, Interpretation of Future Market Trends

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丁君羡
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15 days ago

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BTC: The short-term trend for Bitcoin is still strong. The expectations for Trump's election have not yet faded, and we need to observe the reaction of the U.S. stock market tonight. Currently, U.S. stock index futures are in a significant upward trend, and it is highly likely that there will be a rebound tonight. However, one point to note is that as we approach these high points, the leverage liquidation can be quite severe. I noticed that between 75,600 and 76,000, there are approximately 1.1 billion U.S. dollars in short contracts that need to be liquidated, which is a key level to watch. The support below is around 72,000.

ETH: Most of the funds are concentrated in Bitcoin, and the short-term performance is relatively weak. The minor pressure zone is around 2,730.

For more detailed explanations, please watch the video patiently. If you have any questions, you can follow the public account: Ding Junxian.

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