Secondary Market Daily 11.26
Market Overview
The market is volatile, mainstream cryptocurrencies are experiencing increased fluctuations, and sentiment is diverging; dominated by macroeconomic conditions and expectations of Federal Reserve policies, attention should be paid to the December interest rate meeting.
Mainstream Cryptocurrencies
$BTC: Current price 90,000-95,000 USDT, BlackRock ETF redemption but institutions are increasing holdings, support at 85,000-89,000, avoid chasing highs and look for opportunities on dips.
$ETH: Current price 2950 USDT, spiked to 2850 then recovered, 3000 resistance, watch BTC dominance, breakthrough could allow for light positions.
$SOL: Dropped 30% over 30 days, ETF has seen a net inflow for 20 consecutive days, ecosystem is active, a rebound from oversold conditions is expected, focus on low buying opportunities.
$BNB: VanEck ETF application is progressing, ecosystem empowerment, can take light positions in the short term, track approval progress.
Popular Cryptocurrencies
$XRP: 3-day ETF net inflow of 135 million, DeFi empowerment, buy on dips.
$ASTER: Coinbase perpetual contracts launched, target 1.5 USDT, add positions on pullbacks.
$SUI: Oversold to an 18-month low, look for opportunities on dips, waiting for market recovery.
$HYPE: 2.7 million buyback + HIP-3 progress, support at 25-28 USDT, mainstream coins stabilizing can be monitored.$BTC
