11.17: Evening market overview:
BTC fluctuated in a narrow range during the day today. We can mostly determine the market trend of next week by looking at the closing of the daily and weekly lines tomorrow morning!
Today, the Fear and Greed Index rose to 90, a record high since March, and the level is extremely greedy. But for the current bull market, this is normal data. Not only the Greed Index but also the RSI KDJ values reaching 90 are data indicating a big bull market. So we don't have to panic and face it calmly. Those who want to reduce their positions can reduce their positions appropriately, and those who are bold enough to continue holding spot do not need to worry, after all, wealth and honor are sought in danger!
The percentage of the Federal Reserve's 25% basis point interest rate cut in December has risen to 61.9%. As long as the interest rate is still being cut, it means that the big bull market is still there, and the money from the interest rate cut has nowhere to go, either stocks or the currency circle. A few days ago, I posted that Trump's colleagues suggested that the Federal Reserve sell some gold and buy BTC, which means that the US government will really start buying bitcoins when Trump takes office, and the market will definitely rise sharply; the MEME sudden wealth effect a few days ago has attracted a lot of fresh blood and former coin friends to return to the optimistic currency circle, so it will stir up a thousand waves. In summary, our big bull has not come yet, and now it is the calf's appetite, and we welcome the arrival of the big bull together!
Today, 384 million positions were blown up in one day, and the long orders were as high as 254 million. Tonight, I feel that the long orders of 89457-89985 will be blown up on the left side of the central axis. Here are all 50-100 times high leverage areas. The short orders on the right need to
strength to pull the market, and they are all 100 times leveraged at 91635. Experts are definitely more willing to blow up the long orders on the left!
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