11.24

November 24
Grayscale is set to launch its first Dogecoin ETF on November 24.

November 25
The U.S. Bureau of Labor Statistics will release the September retail sales month-on-month and the U.S. September PPI on Tuesday.

November 26
The United States will announce the initial jobless claims for the week ending November 22 on Wednesday.

November 27
The Federal Reserve will release the Beige Book on the economic conditions this Thursday.

BTC
Thursday and Friday are Thanksgiving and Black Friday. The US stock market is closed on Thursday, and it will only be open for half a day on Friday. Therefore, the main trading days this week are the first three days. This week might be slightly easier. Bitcoin's weekly level is above 86,000, which means there is still some buying interest in the 78,500 to 86,000 range. So we need to pay attention to this position. The daily level will gradually oscillate to the right; this position can only be viewed for a rebound, and the possibility of a reversal is basically nonexistent. In summary, as long as 78,500 does not break, it will oscillate around the bottom to the right before choosing a direction. Support levels are 84,500-82,000-78,500, and resistance levels are 88,900-91,800.

ETH
Ethereum is clearly weaker than Bitcoin, and it has reached the range of 2520 to 2800 as we expected. Therefore, at this position, we also need to consider whether Bitcoin can continue to oscillate around this range. So, looking at this week, if there are no major surprises, there is a high probability of a rebound. Pay attention to whether it can break around 2950, with support at 2700-2570 and resistance at 2850-2950.