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Track the real-time hotspots in the currency circle, seize the best trading opportunities, today is Sunday, November 24, 2024, I am Wang Yibo! Good morning, coin friends โ hardcore fan check-in ๐ like and get rich ๐๐๐น๐น
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BTC is consolidating sideways before breaking through $100,000. ETH's strong rebound tested $3,500, prompting a strong rebound in the AltCoin market. The rotation between various zones is accelerating, especially the old currencies breaking the long-term dormant trend, such as LTC, ETC, BCH, etc. Catching the bottom during big dumps and catching the rotation between zones are both profitable strategies during the early and middle stages of a bull run. When the market occasionally experiences big dumps, catching the bottom at the right time can often yield stable profits. Meanwhile, the rotation between zones should not be underestimated. During market upturns, zones pump in order, and those that haven't risen will eventually do so. However, it should be noted that such opportunities do not occur frequently!
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After several days of continuous rise, BTC finally experienced a pullback during the day, as expected, returning to the first support level near 97200 (the entry position of long positions set up in the live broadcast room), and is currently oscillating around 98000. From the current technical structure, although the decline is strong, it is only a short-term impact, and does not affect the reversal of the trend. Long positions still maintain their posture, but not in a strong manner. Do not chase short positions. Under the oscillation, the retracement is an opportunity to go long. From the early morning to early tomorrow is a critical period for the trend. Whether it can break through the 100,000 mark depends on the key level of 99000 next. Similarly, we still look at the closing situation on the 4-hour level. If the closing is above this level, we will continue to look at 99650 to 100,000+. On the other hand, if the closing is below this level, pay attention to the support near 98000 to 97200.
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ETH also changed its previous slump yesterday, rising from the morning to around 3350 and stabilizing, never dropping below the 3310 level. In the evening, it finally exceeded the high of 3450, came to around 3500 and pulled back, just hitting the support at 3380. Currently, it is oscillating around the 3430 level. In the morning, follow the hourly closing situation around the 3450 level, with resistance levels at 3550-3580 above and support around 3400-3360 below (the trend of long positions remains strong without breaking the second support at ).
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But while speculating on old currencies, don't ignore the hot switch to new currencies and memezone. Yibo summarized some Secondary Market that can be fully Be Played for Suckers, and also provided immediate market analysis and operational strategy suggestions for narrative currencies. Details follow the dynamics and share on the live channel!#BTCๆฅ่ฟ็ช็ ดๆฐ้ซ๏ผๅณๅฐ็ช็ ด$100K?