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Research report on November 22nd


Yesterday's market review
BTC continued to pump yesterday, breaking through 98500 to hit a new historical high, in line with recent expectations. There is a chance to challenge the 100,000 mark during the day, so follow the market sentiment. The recent increase is relatively large and has reached a key resistance level. Holders can reduce their positions by 20-30%, and take profit in batches to exit the peak.
ETH follows BTC in synchronously pumping, starting to catch up, has broken through 3300, in line with the expectation of catching up, the 4-hour trend is still healthy, still has pumping momentum, expected to continue to catch up during the day, follow 3400-3450 resistance situation
In the altcoin sector, following the pump trend with ETH, most currencies are pumping. Be patient and continue to hold SATS. Consider closing all positions around 50. PEOPLE is still quite sluggish, with many people getting out of positions. You may consider holding on. Regarding FTM, keep holding. A new altcoin recommendation, ACT, can be considered for follow-up, as there will be good potential in the future.
Intraday market analysis
BTC 1-hour and 4-hour levels are above healthy levels, the daily candlestick level is above the healthy level. There is a chance to break through the 100,000 mark intraday, and the long-term expectation has not weakened. The intraday support is at 97,000-98,000, and the resistance is at 99,000-100,000.
ETH 1-hour and 4-hour levels are above the healthy level, and the daily candlestick level is above the healthy level. There is an opportunity for intraday rebound. The intraday support is at 3200-3250, and the resistance is at 3400-3450.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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