This week's market is really fierce. Bitcoin has pulled back from a high of 96000, directly crashing to around 80600 on Friday night, with a weekly volatility exceeding 15400 points.

Looking at the entire month of November, the trend judgments for the first three weeks have basically followed the rhythm correctly. Now that the fourth week has just begun, the market sentiment is still digesting this significant pullback. From a technical perspective, whether the integer level of 80000 can be held is crucial.

To be honest, this level of volatility does present significant opportunities for short-term traders, but the risks are equally considerable. Ethereum has recently followed the market's ups and downs, and whale addresses have been continuously increasing their holdings, possibly positioning themselves for a longer cycle.

What's the next step? Do you think it will continue to test support downwards, or will it consolidate in this range? Let's discuss your views in the comments.

BTC1.24%

ETH-0.1%

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FreeRider

· 15h ago

The moment it dropped to 80,600, I cut my losses right away. Now I regret it so much. Whether 80,000 can hold this time is really uncertain; it feels like it’ll test the bottom again. These whales are accumulating, and I just don't get how rich people can stay so calm. I made a bit on short-term trades these past couple of days, but my heart can't take it. Switching to long-term now. Technically, it still looks like it wants to go lower. Whoever dares to catch the bottom now is truly brave.

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SleepTrader

· 15h ago

If 80000 breaks, I will take the loss, I really can't stand this roller coaster Whales are eating chips, while we retail investors are still entangled in rises and falls, what a gap This pullback is too fierce, how many short-term players will die I think it will fall further, 80000 is just a death trap Consolidation? Wake up, it's scythe harvesting time now I’m optimistic about breaking 96000 next week, taking a gamble Ethereum has dropped the hardest this week, my position.

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BakedCatFanboy

· 15h ago

80000 has to break for it to be interesting, right now just waiting for a whipsaw --- Whales are hoarding, which shows they are also uncertain, haha --- Short-term trading is like licking blood from a knife's edge, I prefer to look at the long term --- From 96 to 80, how many people got liquidated... --- Will this rebound go back to 82? It feels like the bottom hasn't been tested yet --- Ethereum is following too quickly, where's its own rhythm --- 15000 point volatility is really ridiculous, the risk is indeed high --- If 80000 can't hold, it will directly fall below 70, there’s no middle ground --- Whales increasing their holdings? Then just continue to be bullish, large investors know what they're doing.

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NFTDreamer

· 15h ago

If 80000 breaks, I'll cut my losses and get out. This wave is really painful. --- Whales are accumulating, while we retail investors are buying at the top. Hilarious. --- For those who claim to have timed the market right, why aren't they rich yet? --- Short-term trading is a near-death experience. I choose to just lie flat. --- ETH is following the trend again. When will it have an independent market? --- If 80000 can't hold, I'll just keep dollar-cost averaging. It's bullish in the long run anyway. --- Oh my god, over 15000 points in a week. My heart can't take it. --- This pullback scared me to death. Good thing I didn't go all in. --- When whales are increasing their positions, we're panic selling. What a gap. --- Let it keep dropping, I'll just keep buying as it gets cheaper. --- When was the last time it was this intense? I forgot. --- Is 80000 the new floor? Who can be sure? --- If you don't understand, just buy. Who cares where it goes. --- Short-term trading is indeed lucrative, but losing is even more so. --- Range-bound markets are the worst. Not making or losing money is the most frustrating.

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