Telego
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November 18th Research Briefing


BTC continued to consolidate over the weekend, slightly exceeding expectations, in a pullback range of 89000-90000. It has now broken through 90000, and the 4-hour correction is about to be completed. After the correction, it is expected to pump again. There is a chance to break new highs in the near future. The daily candlestick level remains healthy, and the pump trend remains unchanged. Stay confident. There are multiple favorable information coming up, such as interest rate cuts, FTX fund point shaving, etc. Stay optimistic. The mid-term of the bull market is starting.
ETH follows the synchronous consolidation with BTC. Currently, Liquidity is concentrated on BTC, and the situation of following 3000 support continues intraday. A corrective market is relatively healthy, and pullback consolidation is conducive to better pump in the future. It is expected to continue consolidation intraday, with a corrective market.
altcoinzone follows BTC's consolidation, some will definitely pump, continue to hold SATS, pump to around 50 close all positions, hold medium term can see around 80, PEOPLE has a mild pump, can be exchanged and hidden, those who still have confidence can continue to hold, PEOPLE did not start during the election phase, many people have already gotten out of positions, pump is expected in the future
Still holding on to CKB after the reduction in circulation, waiting for the ecological explosion. Holding on to FTM, not making any moves with FB, waiting for the ecological recovery. For new altcoins, it is recommended to follow ACT, which has a very good community development. It is a new track, a new zone, the AI MEME series, and has the potential to become a leader. Currently, GOAT has not yet entered the market with a market capitalization of 1 billion. ACT has the potential to become a new leader, with a market capitalization of over 1 billion, so hold on and build a strong position.
Primary Market Information:
RGB++ continues to follow, but recent popularity is not very good
The rune market has recovered, and those who have bought DOG before are advised to hold it for long term. The on-chain MEME sector is still hot recently, and needs to be followed continuously.
Intraday Mainstream Token support resistance.
Today's intraday market, BTC support below 89000-90000, resistance above 91500-92000, ETH support below 2980-3030, resistance above 3150-3200
Today's greed and fear index: 83 (extreme greed) The greed index is soaring, pay attention to risk prevention, mainstream needs to reduce positions appropriately, altcoin short-term must have stop loss.
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