Follow the latest trends in the crypto market, seize the best trading opportunities. Today is Saturday, November 23, 2024, I am Wang Yi Bo! Hello to all cryptocurrency fans ☀ hardcore fan, register 👍, like, make a fortune 🍗🍗🌹🌹

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The three major US stock indices all rose overnight. The Dow Jones rose by 0.97%, up 1.96% this week; the S&P 500 rose by 0.35%, up 1.68% this week; the Nasdaq rose by 0.16%, up 1.73% this week. The large technology stocks had different performances, with Tesla rising nearly 4%, Microsoft rising 1%, and Apple, Netflix, and Intel rising slightly; Nvidia dropped more than 3%, Google dropped more than 1%, and Amazon and Meta dropped slightly. Among them, Tesla reached a new high since April 2022, with a total market capitalization of $1.13 trillion; Netflix reached a new high for five consecutive trading days. BTC reached a new high by surpassing $99,500, and the altcoin market begins to show divergences, with new coin listings leading the declines and old coins with stories leading the rises.
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We will soon witness a historic moment where the price of BTC will reach $100,000. In recent days, the market has been soaring, leading to the rise of ETH and other major tokens multiple times. BTC is just one step away from breaking the $100,000 mark, what will be the trend in the future? The daily chart of BTC shows a strong upward trend with 5 consecutive rebounds to the rise. Looking at the Rebound space on the weekly chart, we also see a rise for 4 consecutive days, but we need to remain cautious about the stability of the $100,000 mark. We need to guard against a resumption of the upward trend and a downward correction, and not chase the market again. Previously, it was a slow and steady climb, but with the release of trading power, we also need to guard against the risk of a resumption of the upward trend and a downward correction! Looking at the 4-hour chart, we observe a strong rebound to the rise based on the middle average. Today, Saturday, will the trend continue to rise or maintain the previous back and forth trend, that remains to be confirmed. According to my personal forecast, there will be a resumption and correction trend today, and the closing position will determine the strength and continuity of the future trend. It is crucial to decide whether the trend will be downward after the resumption, or if it will stabilize and correct laterally after the resumption, which will determine the reversal to the short-term strength and weakness. Regarding market data, there is still a significant risk of a resumption of the upward trend and a downward correction, so it is not wise to chase the market today. The main strategy is to try to sell short after the resumption!
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The altcoin season will certainly be here, but not all altcoins will experience a rise, so it is important to choose the right coin. The coin market is highly competitive and the effect of long-term decline is very weak. If the coin you have chosen does not attract new capital, its long-term sustainable value will generally be very low, which will not be enough to support long-term capital flows, and its market capitalization will decrease rapidly. In a race a year ago, a year later, there may only be one strong leader left, the others will all be forgotten. For example, in the race for listings, the leader is gate, besides that, can you think of other listing coins? How do these coins currently compare to their all-time highs, how much have they decreased? Coins like BTC, SOL, PEPE have all surpassed their all-time highs, so why aren't some altcoins following this upward trend? It is advisable to change mediocre coins and not hold onto them, otherwise you will miss this upward wave. If you don't know how to choose a coin, join gate's live stream to discuss together!