11.18

BTC
The gap in Bitcoin has been filled, but there are currently no signs of a stop in the decline. One of the core reasons for the recent increase in market volatility is not only due to insufficient depth from market makers but also compounded by macro liquidity tightening and changes in capital flows. The current market can be described in one sentence: the water level is shallow, and even a slight breeze can stir up huge waves. Therefore, in the short term, the combination of decreased market depth and macro liquidity tightening makes the market susceptible to amplified fluctuations; the next trend will be determined by QE, with the technical aspect serving only as a support. Before the signal of expanded balance sheets appears in the US, controlling positions and reducing leverage is more important than betting on direction. From a technical perspective, there has not been a complete stop in the decline. If the price does not rise above 92,500 this week, we need to pay attention to the range of 86,000 to 78,500. So, in the short term, holding onto USDT is better than anything else, and the overall direction remains downward, with support at 7,500 and resistance at 92,500.

ETH
Ethereum is currently experiencing a very weak rebound, with the overall direction still downward. If the key level at 3000 is broken, pay attention to the area around 2800. If it approaches 2800 or even goes lower, consider buying in batches. Support is at 2975-2820, and resistance is at 3160-3250.