Follow the latest news from the world of cryptocurrencies and take advantage of the best trading opportunities. Today is Wednesday, November 13, 2024, I am Wang Yi Bo! Good morning to all cryptocurrency friends ☀ hardcore fan check-in 👍 I like it, wish you great success! 🍗🍗🌹🌹


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The three major U.S. stock indexes fell overnight, with a 0.86% fall in the Dow Jones, a 0.29% fall in the S&P 500, and a 0.09% fall in the Nasdaq. Most large tech companies experienced an increase, with NVIDIA up over 2% and Netflix, Microsoft, and Amazon up over 1%. Google and Meta also experienced a slight increase. Apple remained stable, while Tesla fell over 6% and Intel fell over 3%. The price of BTC dropped to $89,970.2, approaching $90,000 and on the verge of reaching $100,000, but suddenly suffered a significant fall. Have we reached the peak? This has caused panic and concern among market investors. Some altcoins have experienced a strong correction. In fact, whenever the crypto market approaches a key and anticipated level, there will always be significant volatility, known as Whipsaw, which shakes some investors and makes them get out of positions.
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Yesterday morning, BTC rose and then pulled back. In the afternoon, it broke the 90000 level, but did not hold above the number 9. Then it started to gradually fall, reaching the minimum level of 85150. Pay attention to this level at the opening as it is the low point of last night's long wick candle. As long as this level is not broken, the 4-hour timeframe will remain longer. If the smaller timeframe holds above 88000, the pullback will end and the market will continue to rise. On the upside, watch the previous level of 90070. The correction tonight is likely a signal for everyone to prepare for a fall, attracting retail investors and making them buy directly. If the smaller timeframe does not hold above 88500, it will continue in a pullback trend. If the 85150 level is broken, the 4-hour timeframe will start a pullback, and pay attention to the support levels near 83500.
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ETH remains the same depressed ETH, yesterday it rose during the morning session to reach the resistance at the level of 3450 and then fell back following the overall market, falling to the fall level of 3210. It has remained stable in this range without breaking it in several after-hours tests, but compared to Bitcoin, the rebound space of ETH is limited, preventing it from rising as much as it falls. Currently, at the short-term pullback level, at the position of 3220 in the morning session, as long as it does not fall below this position, the longer-term level will be maintained. If the small level is held above 3325, this pullback wave will end and the market will continue upward, with resistance targets around 3420 and 3450. If the small level cannot be held above 3325, it will continue in the pullback trend, and if it falls below 3200, the longer level will enter a pullback, with support around 3150, 3120, and 3080.
UNA-8.33%
EL-1.84%
BTC-2.43%
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