Last night's market situation was unpredictable no matter how long you have been in the market. Yesterday's sell-off started at 6:25 and ended at 6:28, taking a total of 3 minutes to drop directly from 98,000 to 90,000, a drop of nearly 10,000 points, and it was quickly recovered after the needle.
From a short-term perspective, the market turned weak and fell to regain above 95,000, and there was no short-term continuation of the weak state. No matter whether it is a big rise or a big fall, time will eventually come to pay the bill and use time to consolidate and repair. No matter it is a short-term shock or a trend shock, one idea should be dominant. Don't chase half of it. Just look for a repair and rise during the day.
From the perspective of the trend, whether the daily line can effectively form a trend of breaking the low and continuing to fall after this sharp decline is the focus of the current market. Among them, the support near the 96000 middle track will play a crucial role.
Since Bitcoin's rise, this is the first time that a big selling pressure has appeared. I don't think we need to worry too much in the short term. The daily K-line closed with a long upper shadow and a long lower shadow, and the price returned to the sideways area of the daily level.
There will be November non-farm data released tonight, which is likely to be positive.
Moreover, it is less than two months away from the Spring Festival, and Trump will officially move into the White House in early January. Even before he moves in, the price of pie will have been indirectly or directly increased.
His entry this time will definitely lead to a wave of impact on 100,000. As long as it stands firm, the market will continue to rise! #比特币回升至97K $BTC $ETH
Afternoon operation suggestions (writing time 16:10)
BTC: Long around 97500-97800, target around 95500
ETH: More around 3850-3880, target around 4000
