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November 26: Urgent Situation!
Dog Respect
November 26, 2024 20:03
I originally did not plan to update today, but the situation is urgent. Bitcoin is just shy of 100,000, and the daily chart shows signs of adjustment. Last night, over 400 million dollars flowed out of the US ETF, and the adjustment on the candlestick chart is expected to be significant! It should break below 90,000, as the gap is too large!

In fact, it has been mentioned in previous articles that despite a long bull market, there are only a few days when you can make money! For those like doge.pepe.pnut, which experienced explosive growth on the candlestick chart, it will take several months to adjust, and they have not broken through key resistance levels. Many people may not take profits in time, and this wave of adjustment could result in significant unrealized losses!

I am not very optimistic about the market in December. The biggest holiday in the West, Christmas, will mean that institutions will not make large investments in December for year-end accounting. With the Chinese New Year approaching, there will also be a need to withdraw funds from the crypto market, leading to tighter liquidity and a tendency for further declines.

In terms of operations, Santos exploded today; whether early or late, the big coin is unstable, so I reduced my holdings in time! I am relatively optimistic about Cetus, but I also reduced my position today! Slerf can only be held, as this wave of adjustments for the meme coins is too large. The newly listed Ban and the meme coins listed on Binance yesterday are quite alarming, and large funds must definitely withdraw from the meme sector! We have now freed up liquidity to cope with potential market changes! Everyone should also manage the risk of their own holdings!