Currently, Altcoins have been in a Sideways-Whipsaw state, without entering the so-called alt season. They have been following the trend of the overall market, but there are still some individual coins that stand out every day, indicating that they are all in a state of accumulation and waiting for a breakout. The altcoin market is rotating with the Fluctuation tide of BTC. The first wave includes SOL, memecoins, etc., which are already strong and have been favored by funds throughout the bull market. The second wave includes large Market Cap altcoins that started to rise with BTC, such as DOGE, XRP, ADA, etc. They were driven by emotions and events, and became the pioneers in breaking through the BTCD Market Cap, followed by some medium Market Cap altcoins. The third wave includes ETH, the perennial second place, and its followers. The altcoin leader ETH began to rotate, driving the ETH ecosystem, and L2 currencies began to surge. The previously strong coins began to consolidate, indicating that after the emotional trading has cooled down, the market has truly started to rotate. The rotation is currently underway...

BTC market data is affected by the closure of the US Thanksgiving, and has been in a narrow range, with resistance at the 97500 level and support around 94500. It has been in a narrow range of oscillation throughout the day, and there has been no significant breakthrough in the short-term impact. Both high and low opportunities exist in the short term. In terms of the current technical structure, as the week comes to an end, although there has been a recovery in the trend, there has been no retesting of the high level this month, and the 100,000 level seems out of reach. However, it is unlikely to fall below 90,000, and the trend shows a rhythm of large fluctuations. With the current recovery at the high level, it is unlikely to return to the bottom of the decline, coupled with the upward trend of the daily candlestick's moving average support. In terms of the trend, shorting is not a wise choice, and the overall direction remains bullish.
Recently, ETH is in a state of making up for the rise, and the rise exceeds expectations. The overnight low retracement reached the 3530 line to stop the Rebound, and currently follows the stabilization situation around the 3620-3650 line. After a short-term adjustment, it will test upwards again. Then pay attention to the resistance at the 3720 line, which serves as the upper boundary, and the short-term support at the 3520 line below. This is also the area for Candlestick reversal. If there is a breakthrough, extend to follow the 3420 line, which is near the 4-hour midline for the time being. In the short term, follow the above supportresistance flexibly and intervene short term according to the intraday situation.