11.9 SOL Outlook for Today
After dipping to an overnight low of 84.66, SOL staged an oversold rebound. It is currently in a weak recovery phase, and the broader bearish trend remains intact. The rebound is expected to face resistance, with further downside still likely. Focus on shorting rallies, with short-term longs at support as a secondary strategy.
#70%山寨币跌破200日均线
Support: 86.0-86.5, 84.5-85.0
Resistance: 88.5-89.0, 89.5-90.0
Short: Enter in batches on a rebound into the 88.5-89.0 range, with a stop-loss at 90.2. First target: 86.5; if the level breaks, look to 85.0
Short-term long: If the price stabilizes after retesting the 86.0-86.5 range, consider a small long position. Enter and exit quickly. Stop-loss: 84.6; target: 87.8-88.2

November 5 $ETH Market Update

ETH’s rebound has been somewhat stronger than expected.

On the 4-hour chart, ETH has rebounded steadily from around 2172. It was capped near 2300 several times before, but this time it surged on heavy volume, reaching a high of 2449.

It is now consolidating around 2420, and I think the short-term structure has improved significantly. The most important thing next is whether it can break through 2450.

If it holds above that level, the next targets could be 2500–2525; for now, watch whether 2400 holds.

Democrats won both chambers of Congress, and the market had initially worried about tighter crypto policies. But once the news was confirmed, it instead helped drive prices higher, with BTC back above $80k and ETH showing greater upside.

However, this rally was not driven solely by election news. After the deep declines earlier, the market was already due for an oversold rebound.

That does not mean funding issues in the crypto market have been resolved. The contraction in stablecoin supply and the pressure from ETF outflows remain worth watching.

Next, focus on Friday’s nonfarm payrolls report and next week’s CPI. These two data releases could once again affect market expectations for Federal Reserve interest rates.

#BTC重返8万