Master Ye talks about hot topics:

Recently, Sun's HTX was stolen another 1.2 billion US dollars. The total amount stolen in these days should be close to 400 million dollars. In addition, Tron has also caused a lot of trouble. Reuters reported that TRON has surpassed Bitcoin as the preferred encrypted network for terrorist organizations. The United States also named the Tron ecosystem project Sunswap, indicating that this project facilitates terrorist organizations. There may be a large amount of USDT frozen on Tron in the future.

To be honest, what has happened in these days is very unfavorable for the price of TRX. Firstly, Sun has to use so much money to compensate for the losses from the platform being stolen. Secondly, Sun's platform has been repeatedly attacked, and people's trust in it has also decreased, including trust in TRX. Thirdly, Tron has been targeted by the US Department of Justice, and TETHER may also need to be cautious. The 10 billion USDT added last night was also on the ETH chain, so Tron may lose the advantage of this business in the future. In addition, Sun Yuchen himself is currently being sued by the SEC and other institutions, and extreme situations may occur in the future.

After talking about Sun, let's talk about CZ. Although CZ and Binance have reached a settlement with the US Department of Justice and acknowledged a fine of 4.3 billion, the Department of Justice still does not want CZ to leave the United States before being tried, after all, the United States and the United Arab Emirates do not have an extradition treaty. Moreover, there were rumors yesterday that the Department of Justice still wants to do everything possible to give CZ a ten-year prison sentence.

I don't think this kind of thing is very likely to happen. The reason the United States is called a capitalist country is that money is paramount. When the founder of the Bitmex exchange, Xia Hei, paid a fine, he was only under house arrest in his mansion for half a year. I estimate that CZ will be similar. Also, I don't think CZ cannot leave the United States. At least for now, the court believes that the risk of CZ absconding is controllable, and the court believes that CZ came from Dubai and could have chosen not to come, so this is just pure FUD: Fear, Uncertainty, Doubt.

FTX once again deposited 129,793,313 TRX (approximately $13.42 million) into Binance. Since November 13 (16 days ago), FTX has deposited 457 million TRX (approximately $32.76 million) to Binance and Kraken through the address TYoZM. Since October 24, FTX and Alameda Research have transferred 49 kinds of tokens worth $535 million to trading platforms.

The U.S. Securities and Exchange Commission (SEC) announced that it has decided to extend the review period for two Bitcoin ETF products. The specific products involved are the Hashdex Bitcoin Futures ETF submitted by the New York Stock Exchange Arca and the Franklin Bitcoin Spot ETF submitted by the Chicago Options Exchange BZX.

Master Ye's Trend Analysis:

The overall market rise is somewhat dragged by the market. Recently, the decline in the US dollar index has led to a significant increase in market confidence. However, just by looking at the Bitcoin K-line, it is clear that there is some weakness in the current rise, which is passive rather than active behavior, resulting in a slow upward trend in the market.

Since November 9 until now, although it seems to have been rising all the time, it has not been able to reach a new high. Every time it approaches 38,000, it will be pushed back down. However, the market confidence and enthusiasm are there, so the decline will not be too severe. This is the current trend. This kind of market trend will not continue. After all varieties in the market have been speculated once, the market will experience a pullback, which may occur around January 2024.

11.29 Master Ye's Short-term Pre-buried Orders

BTC Operation Suggestions:

Long near 37,300-37,500, defend at 300, target 38,000-38,300

ETH Operation Suggestions:

Long near 2020-2040, defend at 20, target 2070-2085

More strategies can be added to the live account

**Candlestick is king, trend is emperor. I am Master Ye Chen, focusing on BTC and ETH spot contracts for many years. There is no 100% method, only 100% follow the trend; daily macro analysis articles and technical analysis video updates on the entire network. Image Friendly reminder: Only the public account of the columnist (as shown in the picture) is written by Master Ye Chen. The advertisements at the end of the article and in the comments section are not related to the author. Please be cautious in distinguishing between true and false. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。