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

11.13 Morning Analysis:


On the daily chart for Bitcoin, the previous attempt to rally failed to break through the key resistance level at 106,000, and upward momentum has already weakened. After losing the critical support level in the early morning, the short-term moving averages have turned downward simultaneously, further clarifying the weak market pattern, with potential for short-term downside.

On the 4-hour chart, although the price briefly rebounded after breaking below the lower Bollinger Band, the rebound was weak, and the volume recovered was minimal, making it difficult to reverse the overall bearish trend. Morning trading can rely on resistance levels as entry points, adopting a high-short strategy.

Bitcoin rebounded to around 103,000, with resistance near 103,800, and support around 100,000. If broken, the next support is at 98,000.

Ethereum rebounded to around 3,460, with resistance near 3,520, and support around 3,350. If broken, the next support is at 3,250.
BTC-4.01%
ETH-1.79%
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)