11.21
Yesterday, the SEC asked Binance to pay a penalty of $4 billion, which is a good thing because Changpeng Zhao was not criminally prosecuted. Last year, Binance’s annual revenue was $12 billion. It would be easy to pay $4 billion. From the very beginning when the inevitable event came out, we had anticipated There is a high probability that the problem will be solved by giving money. This kind of thing is no longer precedent. In the past two days, I have not given you a detailed explanation of the market, nor has it pushed coins more frequently, because the market is at this position. As mentioned last week, 38,000 is still a very important dividing line. If this position does not break through, there will still be a trend. There is a risk that the market will reach this position, and if the market reaches this position without a long-term washout and then stretching, its sustainability will be weakened. If you want to continue to pull up this position, there must be a decent callback to be able to support the rise. In terms of motivation, we are still paying attention to the range of 35,600~38,000 in the past few days. Compared with Ethereum, although this wave of market conditions is weaker, its general direction is relatively good-looking. I personally think that if there is another wave of market increases, Ethereum will lead the entire market to rise, so our thinking must be switched to its related sectors. There are still about 10 days to close the monthly line. At the monthly line closing, we should focus on the 1931 position. Only when it falls below can it continue. As a short-term market, the range we focus on is 1917~2061. Those who are short-term can buy low and sell high, and those who are long-term can control their positions at about 50%. From the perspective of the entire market, the altcoin market is not as crazy as it was some time ago. Many coins have been trading sideways at high levels and have risen to a certain corresponding position. If you want to do altcoin trading, wear a stop loss and a trailing take profit.
BTC
Support: 35500-34700
Pressure: 38000-39500
ETH
Support:1917-1865-1746
Pressure: 2065-2117
