Tracking real-time hotspots in the cryptocurrency circle and seizing the best trading opportunities. Today is Sunday, November 24, 2024. I am Wang Yibo! Good morning, fellow coin friends. Iron fans check in👍, give a thumbs up, and make a fortune 🍗🍗🌹🌹.

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Bitcoin is consolidating before breaking through $100,000. Ethereum is testing $3,500, leading to a strong rally in the altcoin market. The rotation between different sectors is accelerating, especially for established cryptocurrencies that have broken out of their previous stagnant trends, such as LTC, ETC, BCH, and others. Catching the bottom and identifying sector rotation are important strategies in the early and middle stages of a bull market. During this period, there may be occasional big dumps, and seizing opportunities to catch the bottom can yield stable profits. Additionally, sector rotation should not be underestimated. When the market starts, sectors rise in an orderly manner, and sectors that haven't risen yet will eventually catch up. However, it's important to note that such opportunities don't occur frequently!
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After several days of continuous rise, Bitcoin finally experienced a pullback today and returned to the first support level around 97200 (the entry position for long positions set in the live broadcast room). Currently, it is oscillating around 98000. From the current technical structure, the decline is powerful, but it is only a short-term impact and does not affect the trend reversal. The bulls still maintain their posture, but they are not strong. Do not chase after short positions. Under the oscillation, the appropriate strategy is to go long on the pullback. The period from the morning session to early tomorrow morning is a crucial period for the trend. Whether it can break the 100,000 mark depends on the key level of 99000. Similarly, we still look at the closing situation on the 4-hour chart. If the closing is above this level, it will continue to rise to 99650 to 100,000+. Conversely, if the closing is below this level, pay attention to the downside around 98000-97200.
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Yesterday, Ethereum also changed its previous state of depression and rose from the morning to 3350 before a slight consolidation. It has never dropped below the 3310 line and finally exceeded the high level of 3450 in the evening, reaching a correction near 3500. It just retraced to support at 3380 and is currently oscillating around 3430. Pay attention to the closing situation of the 3450 line in the morning session. The resistance above is at 3550-3580, and the support below is around 3400-3360 (as long as the second support is not broken, the bullish trend is still strong).
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But while speculating on old currencies, don't overlook the upcoming switch to new coins and meme sector. Yibo has summarized some secondary market strategies that can be fully played for suckers, and has also conducted real-time market analysis and operational strategy recommendations for narrative currencies. Stay tuned for updates and live room sharing for more details!