Hippo Daily 11/29, gold has once again surpassed 4200, and the US stock market is doing well, so why has Bitcoin dropped? Don't panic, this is just a consolidation after a rebound, gradually repairing the trend, substituting sideways for downward movement.
The upper range of BTC at 94000-97000 is the next pressure zone to watch, and the best way to break through is to consolidate below and then break through this 3000 point range in one go, so this sideways consolidation is quite good, don't panic.
ETH is the same, the round number of 3000 is more important than the scattered so-called pressure points, standing above 3000 allows for a look upwards of 1000 points, dropping down allows for a look downwards of 1000 points, do you understand what I mean?
SOL and BNB don’t have much to say, during sideways consolidation, these two are usually quite weak, just wait for the market.
💠AI Trading Day 20 @SurfAI
🔸Currently showing a technical oversold recovery pattern;
🔸On-chain accumulation signals are strong, ETF inflows turning positive, macro policy expectations are loose;
🔸Short-term cautious long strategy
💠24h Chain News Selection
1⃣ Numerous web3 organizations and practitioners donated to the Hong Kong fire, wishing no pain in heaven;
2⃣ In the past 7 days, only 11 public chains had revenue exceeding $100,000;
3⃣ Silver spot hits a historical high, gold returns to $4200/ounce;
4⃣ The Bhutan government address is suspected of selling 160.35 ETH again through OTC transactions;
5⃣ The 'Calm Order King' has been liquidated for 7 consecutive days, with a total account balance of less than $50,000;
6⃣ New clues in the Qian Zhimin case: over 120,000 bitcoins are unaccounted for, of which 20,000 claim 'password lost';
7⃣ NBA star Carmelo Anthony: wanted to invest in cryptocurrency years ago, but was dissuaded by friends around him;
