Good morning! The first week of December has given the market a tough start.

I just saw news that Powell might resign, and the crypto market has taken a sharp dip. Ethereum slid from 3031 all the way down to 2830, and is now stabilizing around 2850. The short-term moving averages show a clear tug-of-war between bulls and bears. The Bollinger Bands have widened, and there's considerable resistance at the 2990 level. If it can hold above 2900, there might still be a chance, but if it can't hold 2830, we may have to look further down.

Bitcoin is currently hovering around 87000, and the Bollinger Bands are also expanding. Looking upwards, a breakout above 89000 may give a chance to touch 90000; on the downside, 86500 is an important support level, and if it breaks, there may be a period of adjustment.

Today, you can pay attention to these coins: LSK, HUMA, FUN, TST, TNSR. The market is volatile, so be careful to manage risks.

ETH-1.46%

BTC0.17%

LSK1.15%

HUMA-3.57%

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BlockchainFries

· 12-01 02:56

The rumors of Powell's resignation are really something, a piece of news directly got dumped on the market and everyone was stunned. We have to hold this level of 2830, otherwise, we might really continue to explore the bottom. These few small coins like LSK feel a bit like gambling, I think I'll just observe for now.

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gas_fee_trauma

· 12-01 02:53

The rumors of Powell's resignation are really powerful this time, it's another big show of playing people for suckers. We're going to start calculating the fall space again; it always gets tossed around like this. If 2830 can hold, it would be considered lucky; it can't stop falling down. I've followed LSK and TNSR; anyway, it's just playing out of spite, whether it catches fire or not is up to fate.

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BlockchainWorker

· 12-01 02:51

As soon as the rumors of Powell's resignation came out, it caused a dumping; this rhythm is truly amazing. The key is whether it can hold at 2830.

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MerkleMaid

· 12-01 02:43

Powell resigns? This group of operators is really ruthless, directly dumping.

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