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

11.12 Midday Analysis:


Looking at the Bitcoin chart, after breaking below the key support at 104,500 last night, it continued to decline, officially opening the downward space. The consecutive bearish candles outline a clear single-sided downtrend; Ethereum also weakened simultaneously and was unable to stay independent.

4-Hour Level: The correction began yesterday afternoon. The chart showed three consecutive bearish candles breaking through the middle band and continuing downward. The lower shadow of the candles is prominent, and it is currently seeking support downward.

1-Hour Level: After a sharp decline, there are signs of a rebound, but the Bollinger Bands and MACD indicators are still in a downward trend, and no clear reversal signals have appeared.

Bitcoin's rebound is around 104,000, with resistance near 104,800. Watch for a move toward 102,000; if broken, target 100,800.

Ethereum's rebound is around 3,510, with resistance near 3,550. Watch for a move toward 3,350; if broken, target 3,250.
BTC-4.23%
ETH-2.5%
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)