This weekend, focus on the rotation of altcoins, #🅑🅣🅒 has opportunities for long positions with the triangle breakout on the right side during the sideways movement:

November 8 (Evening):

#🅑🅣🅒 The sideways movement at high levels is mainly to repair the short-term 1-hour indicators, and there will be some small breakdowns later, mainly around the liquidation breakdown disputes near 74400 and 77800.

#🅔🅣🅗 Still maintain the idea of buying on dips.

🅑🅣🅒 Bearish liquidation points:

76754, 77149, 77544, 77939-78255 (final liquidation zone for bears)

Bullish liquidation points:

75411, 75016, 74621, 74226, 73400-73000 (final liquidation zone for bulls)

PS: Currently, the upward liquidation at 77800 and the downward at around 74400 have the same strength.

Main data:

🅑🅣🅒 On-chain is fleeing leverage to avoid risks, which can be understood as no clear direction before the high-level oscillation breakdown, on the other hand, it is reasonable for funds to withdraw and pull up the altcoins towards the weekend.

🅔🅣🅗 On-chain is lightly weighted around 2950, so continue to maintain the idea of buying on dips, and do not chase at too high levels.

Intraday thoughts:

Currently, the probability of 🅑🅣🅒 around 76000 is equally likely to go up or down, so if it suddenly breaks above 78000 and shows a topping K-line pattern, still keep a 2% defensive light position 🈳📉 and wait for a Fibonacci support pullback to go long.

For 🅔🅣🅗, as long as it does not break 2726, the main strategy is to buy on dips.

Current long-short ratio:

Long 0.49 : Short 0.51

(The above only represents personal views and does not constitute any investment advice❗️)