Anticipating a major drop! 20241126

CN
1 month ago

Good evening, brothers!

Winter has quietly arrived,

The slight chill of riding the little electric scooter in the early morning and evening

Is the best proof.

Chasing a bit of warmth from the sun to see the mountains, water, and scenery,

I have indeed felt the beauty of the withering and flourishing at the end of the four seasons,

Sometimes it’s the colorful leaves falling all over the ground in the rain,

Sometimes it’s the maple leaves reflecting the blue sky, beautiful like a postcard,

Sometimes it’s the harmony of water and sky in the sunset glow,

Sometimes it’s even the poetic and picturesque scene of cranes crossing a cold pond…

What can I say?

No matter how good an electric vehicle is, it can never compare to a small car for transportation,

No matter how good an outsider is, they can never compare to one’s own family.

Starting with taxes, Besant will take over this position next year, while Trump’s 2017 tax cut law will expire. According to the American Tax Foundation, by 2026, the law will be fully invalidated, and 62% of households will face tax increases. The Congressional Budget Office stated that directly extending the existing law could increase the deficit by more than $4 trillion.

The new tax law will depend on Congress and Trump, but Idaho Republican Senator and incoming chairman of the Senate Finance Committee Mike Crapo stated that Besant will be the "key economic negotiator" for the White House, and he looks forward to the confirmation hearings. Regarding specific tax policies, we may have to wait for the hearings to understand Besant's thoughts accurately.

The title of the analysis article from a couple of days ago perfectly predicted the market downturn: The market is about to crash! 20241124 Continuing to decline! 20241125

Market Analysis:

BTC: On the 4-hour level, the price has broken below the lower Bollinger Band, and the market trend aligns with my predictions from the past two days.

On the daily level, the price has broken below the moving average support, and the market is weakening.

In summary, support level at 92300, resistance level at 92800.

ETH: On the 4-hour level, the price has broken below the middle Bollinger Band, and the market trend is weak, with a support level at 3300 and a resistance level at 3340.

LTC: The price has broken below the lower Bollinger Band, and the price trend is weak, with a support level at 88 and a resistance level at 91.

BCH: The price has broken below the middle Bollinger Band, and the market trend is weak, with a support level at 470 and a resistance level at 500.

That's all for now, good night!

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