Morning Analysis - The market remains in a stagnant oscillation range, the season for altcoins to catch up has arrived, how to accurately position during the trading session!

CN
4 hours ago

Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities. Today is Friday, November 29, 2024. I am Wang Yibo! Good morning to all crypto friends ☀️ Hardcore fans check in 👍 Like to make big money 🍗🍗🌹🌹

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Currently, altcoins are in a sideways consolidation state, not yet entering the so-called altcoin season, and are still following the trend of the overall market. However, there are still a few standout coins emerging every day, indicating that most are in a state of readiness. The altcoin market is rotating with the fluctuations of Bitcoin, with the first wave: leading Bitcoin or moving in sync with it. This includes strong contenders like SOL and memecoins, which are the mainstream narrative of this bull market and have been favored by capital; the second wave: large-cap altcoins that follow Bitcoin's starting point and have a relatively larger increase compared to Bitcoin. This includes DOGE, $XRP, $ADA, etc., driven by sentiment and events, acting as the vanguard against BTCD's market cap, with some mid-cap altcoins following; the third wave: the perennial second ETH and its smaller counterparts. The altcoin leader ETH begins to rotate, driving the ETH ecosystem and L2 tokens to charge forward; previously strong coins are starting to consolidate; this means that after a slight cooling of emotional trading, the market is beginning to truly rotate, which is currently in progress…

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Bitcoin's market performance has been affected by the US Thanksgiving holiday, remaining in a contraction state, with high resistance at the 97,500 mark and support at the 94,500 line. It has been in a state of fluctuating contraction throughout the day, with no significant breakthroughs in short-term impacts. In short-term operations, both high and low positions have opportunities. In terms of the current technical structure, as the week comes to an end, although there has been a pullback recovery in the trend, it has not been able to test the high again. The 100,000 mark is no longer hopeful this month, but it is unlikely to break below 90,000. The rhythm presented by the trend is a significant back-and-forth pull. Currently, recovering from a high position, a drop to test the bottom is no longer possible, coupled with the daily moving average support rising. In terms of trend, chasing shorts is not a wise choice; the overall direction still looks bullish.

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Recently, Ethereum has been in a state of catching up, exceeding expectations. It dipped to a low of 3,530 overnight before rebounding. Currently, attention is on the stability around the 3,620-3,650 line. After a short-term adjustment, if it tests upward again, watch for resistance at the 3,720 line, which serves as the upper boundary. On the downside, short-term attention should be on the 3,520 line for support, which is also the area of K-line top-bottom conversion. If a break occurs, we need to extend our focus to the 3,420 line, which is near the middle track of the 4-hour chart. For now, focus on the aforementioned support and resistance, and flexibly intervene in short-term trades based on real-time market conditions.

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💎 In this market, ultimately, it comes down to ability. If your ability is insufficient, the market will eventually make you pay back one day. Therefore, when your wealth exceeds your ability, you need to control your drawdown. Although this control may be in vain, that kind of arrogance and hubris from profits will ultimately destroy a person's rationality. However, we need not worry about our wealth being below our ability in the capital market because such disharmony will eventually be corrected by time. If it has not 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 while trying to catch the bottom, unable to hold onto profits during volatility, and missing out when the market moves, these are common problems among retail investors. But it’s okay; 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 market fluctuations are relatively fast. Due to the effectiveness of review, for subsequent market trends, real-time arrangements will be the main focus. Friends who need contract guidance can scan the QR code below the article to add my public account.

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