Black Friday is here again, a day that fuels the bulls
Directly hitting the lows of 2009
What is the reason for the needle drop this time?
Market Analysis
The triangle pattern is nearing its end, and the break of the upward trendline has triggered a sell-off from the bulls.
From the data analysis, it shows that the bulls are too important, and first, the long positions need to be liquidated. The liquidation chart indicates that breaking below 1700 will liquidate approximately 30,000 ETH.
Overall, the market trend has been downward, short-term rebounds can be played, but it is not yet the time for long-term positions.