Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

11.12 Morning Analysis


Looking at the Bitcoin chart, after breaking below the key support at 104,500 last night, it continued to decline, and the downward space has officially opened. The consecutive bearish candles outline a clear downtrend; Ethereum also weakened simultaneously and was unable to remain unaffected.
1-hour timeframe: Although there are signs of a rebound after the sharp decline, the Bollinger Bands and MACD indicators are still in a downward trend, and no clear reversal signals have appeared yet.

Bitcoin: Short around 103,500-104,500
Target: 101,000-102,500

Ethereum: Short around 3,480-3,580
Target: 3,100-3,380
BTC-3.03%
ETH-1.3%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)