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#BTC #ETH Market pullback, watch or enter a position?
11.16 altcoin surging, rotation begins, don't short randomly, it's going to be trouble.
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As expected, Bitcoin rebounded over the weekend, with a high probability of reaching 100,000. The previous high definitely cannot be bearish all the time. Being bearish will lead to a blow to the head. The market is determined by its actions, not by opinions. As for altcoins this weekend, as mentioned yesterday, they bottomed out and rebounded directly. The only difference is that BTC was expected to retest around 85, but it stopped at 86, which was a bit unexpected but not much.
Which altcoins to buy on the pullback without a rise within the day, making money is not difficult, just need to be careful.
BTC daily-4-hour level market analysis
The BTC market has pulled back on the technical side and continues to surge upwards. Therefore, the intraday risk is still around 92500. After stabilizing near 90000, the target is the previous high and the 100,000 mark. The pullback is still expected to continue in the next few days, so it is recommended to look at altcoins. The resistance levels are around 92000 and 94000. The support level is around 90500.
BTC Intraday Analysis
Intraday BTC has turned into a long positions logic. Now, when posting, BTC has stabilized and there is some bloodsucking meaning in support, altcoin has a small pullback, but the market cannot be stopped, pullback support can still get on board. The target of intraday BTC is the pressure positions near 91800 and 94000, and the defensive position of intraday pullback is to accept orders near 90800.
The intraday altcoin is pretty good. It has temporarily started a pullback. Buy in during the pullback without hesitation. The increase in the back of the pullback is always there for an hour. The SOL ecosystem and the RWA track should be followed. Some strong projects in the Ethereum ecosystem have also started. Don't short randomly during the weekend bullish trend.
In this kind of market, just reduce the leverage for shorting. Never short at will in this kind of market, you will get hit by shorting. No hurry for shorting the trend if it's not the right time. #市场回调,观望还是上车? Pennsylvania announced reserves BTC