Weekly #BTC Data Observation:

Weekly #BTC Data Observation:

1. In the past week, #BTC smart money (Large InvestorsAddress>100 BTC) continue to accumulate, and the yellow accumulation value can still be seen to be steeply rising. In this situation, we have been repeatedly reminding in the 52000-58000 range in August and September, you can review the previous data introduction. Currently, it is just like the accumulation in Q1 of 23 and the accumulation in Q4 of 23, which created a magnificent trend afterwards.

And the recent short-term pullback is within the normal range. A warning was issued over the weekend:

The first Thanksgiving on Thursday and Black Friday on Friday will cause certain liquidity tensions;

The second BTC options from the end of the month on Friday have a delivery volume of 9.2 billion, with a maximum pain point of $78,000.

The third is that the revenue growth forecast from NVIDIA’s Q4 financial report has slowed down, and the trend of NVIDIA is highly correlated with BTC.

In a bull run market, as long as BTC smart money doesn’t run, clearing leverage is excellent for the long-term healthy trend. Short-term pullback, on the contrary, provides a good opportunity. It is expected that Friday or early December will probably be a good chance to catch the bottom!

2. #BTC chip distribution, the current situation is still very stable and healthy, although it has fallen from the high of 99750 to 92550. This has caused some loss-making positions, but the number of loss-making positions chips is not too high, only 240,000. There are 428,000 BTC supporting the strong support zone from 92550 to 87000, and the probability of falling below is low.

Strategy: When the price of BTC is on the rise, don’t sit idle. Look for resilient varieties, as the strong will become stronger. Resilient varieties will also be more powerful in the future rebound! Only by sifting through the sand can we find opportunities! From current observations and recent big pump projects, it is judged that: American projects + fully circulating tokens + high-quality capital. Two choices have been made for reference: $ZRX $INJ. These are worth paying attention to. ZRX 0xprotocol, the underlying aggregation of DEFI, is simply amazing. INJ is a project by a Stanford alumni, also in the DEFI space. Both of these are historical tokens.

In addition, the strong coin #SOL, as long as it pulls back to the blue support line, you can catch the bottom. It has been consistently successful and should not be missed! The four major public chains in the United States: #SOL #SUI #APT #NEAR are still the main theme of large capital allocation (excluding BTC)!