November 12 BTC/ETH Analysis:

The whale arbitrage has exited at a high position, resulting in a Waterloo after the surge!

Due to Trump's cash distribution boosting the market, there are no actual policies to support it in the short term. Institutional investors choose to arbitrate at high positions and exit, leading to a decline in the market. Yesterday, the big coin reached around 1050, and the target of 1074 also hit the profit-taking point. Is the chart drawn last night coming true?

BTC
Currently, the market is clearly dominated by the downward trend, with the MACD showing a death cross and the downward trend breaking through the four-hour middle track with increased volume. Therefore, the market is likely to continue its downward trend. The support below is at the 1013 position, so it is advised to try a small position here with minimal loss. If it breaks below the 1013 position, we will need to test the bottom support at 9880. During the day, the focus will be on rebounds with high volatility.

Around the range of 1032-1036, the target is to break below 1020-1013 and look down to 9880.

ETH
The four-hour chart has also broken below, with the daytime rebound pressure looking at 3485. If the four-hour chart cannot stabilize above, the rebound will be weak; if it cannot stabilize above, the rebound will be limited.

Around the range of 3441-3467, the target is to look down at 3230 after breaking 3403-3353.

Short-term trading is flexible, and defense is determined based on the actual situation of one's position! #BTC #ETH