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November 17th BTCETH Market Analysis: Key Points for BTC and ETH Today
Market Review
After a pullback yesterday, BTC continued to rise, in line with expectations. Currently, a divergence signal has appeared at the daily level, and the breakthrough of the 100,000 mark at the 4-hour level is being watched for intraday support. If this level holds, it may be considered for further follow-up. The expectation for a new round of upward movement remains, so maintain confidence. ETH followed BTC's consolidation and then rose, with a similar divergence appearing at the daily level and a breakthrough of the 3300 resistance at the 4-hour level. The intraday stability at 3300 is being watched, and if it holds, consideration for follow-up may be given. Altcoins are rising in sync with the mainstream, and intraday follow-up may be considered once the mainstream stabilizes. Waiting for a new round of upward movement, positions have been established. POLYX can continue to be held, and ACT should be maintained.
Today's highlights:
BTC: 1-hour and 4-hour levels are above the healthy level, daily level is above the healthy level. Mild consolidation is expected in the day, followed by further upward movement. Consider following the support level for pullbacks. The long-term outlook remains unchanged and the support levels for the day are 99500-100000, with resistance levels at 102000-103000.
ETH: 1-hour and 4-hour levels return to healthy levels, daily level returns to a healthy level, expected to continue to rise after a consolidation and correction, consider following the support level for a pullback, support levels for the day are 3270-3320, resistance levels are 3450-3520.