11.4 Morning #BTC , #ETH market analysis and strategy

Core idea: key support and resistance levels for high selling and low buying.
In the early trading session, BTC and ETH showed a weak oscillation pattern after yesterday's sharp decline. The current price of BTC is $106,708.8, with a narrowed decline of 2.77%; the current price of ETH is $3,629.59, with a narrowed decline of 6.06%. From the market sentiment perspective, the panic selling pressure from yesterday has eased slightly, but the net capital inflow remains negative, indicating that the bulls' confidence has not fully recovered. The short-term market trend is primarily focused on "oscillation repair," and the direction choice needs to wait for breakthrough signals at key support and resistance levels.
The daily level of Bitcoin is still in a bearish arrangement. During the rebound process, one must be wary of the strong resistance from the MA30 moving average. Therefore, today's rebound is likely to be a "weak rebound + range oscillation" structure.
The "descending triangle" pattern on the daily chart of Ethereum has not been broken. A breakout above the 3,800 resistance level requires an increase in volume; therefore, today's rebound is likely to be limited in height, and it is probable to encounter resistance and fall back near the resistance level.
Support at 3450, 3556; Resistance at 3680, 3800
Support at 103000, 105300; Resistance at 107500, 109000
Operation idea:
The range is 107,200–107,800, with a target of 105,500–105,000. If it pulls back to the range of 105,300–105,000, the target is 106,500–107,000. Stop losses are set at 108,500 and 104,500 respectively.
The range is 3680–3720, with a stop loss at 3760 and a target of 3580–3550; if it pulls back to the 3550–3530 range, the target is 3650–3680. Set stop losses at 3760 and 3480 respectively.
In summary, today $BTC and $ETH are mainly characterized by "range oscillation repair." Operations should focus on high selling and low buying around key support and resistance levels. #比特币价格分析 #今日你看涨还是看跌？ #加密市场观察