Notice
Today marks the end of 11 months since the past 1.
Tomorrow will collect weekly and monthly lines.
The price of Bitcoin will likely settle around 90,000.
Looking at Bitcoin's monthly line, the MACD turning point has just emerged downwards. Therefore, the probability of a direct pullback in December is not very high; further adjustment and fluctuation are needed.
Ethereum's monthly line is the same. Both Bitcoin and Ethereum are near the monthly MA20, temporarily receiving support.
However, due to the MACD on the monthly line, the MA20 may not be able to hold in the next month.
On the 28th, the People's Bank of China will hold a meeting to coordinate efforts to combat virtual currency trading speculation. This can basically be seen as an official announcement signaling the end of the bull market.
Summary: Currently, the village chief does not believe the adjustment has ended, and further downward adjustment is needed in December. Focus on finding high points for shorting.
