Analysis of Bitcoin and Ethereum market on the afternoon of November 20.
Looking back, BTC dropped to a low of 88564 in the early morning, and then rebounded, currently rising to around 92500. ETH also dropped, reaching a low of 2873, and then the market rebounded, currently rising to around 3030. According to the current market situation, BTC has failed to effectively hold above the 93000 resistance level and has retraced. The current 4-hour chart indicates that bullish momentum is weakening at the highs, and the upward force is gradually exhausting. The short-term support level is at 88000, and the resistance levels are at 93000 and 95000. If the resistance level is broken, one can go long; conversely, if the support level is breached, one should go short. Operation Suggestions: The Bitcoin can range around 92000, targeting 90000. The second coin can be consolidated around 3150, targeting 3050. #美联储会议纪要将公布 $BTC $ETH
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Analysis of Bitcoin and Ethereum market on the afternoon of November 20.
Looking back, BTC dropped to a low of 88564 in the early morning, and then rebounded, currently rising to around 92500. ETH also dropped, reaching a low of 2873, and then the market rebounded, currently rising to around 3030.
According to the current market situation, BTC has failed to effectively hold above the 93000 resistance level and has retraced. The current 4-hour chart indicates that bullish momentum is weakening at the highs, and the upward force is gradually exhausting. The short-term support level is at 88000, and the resistance levels are at 93000 and 95000. If the resistance level is broken, one can go long; conversely, if the support level is breached, one should go short.
Operation Suggestions:
The Bitcoin can range around 92000, targeting 90000.
The second coin can be consolidated around 3150, targeting 3050. #美联储会议纪要将公布 $BTC $ETH