November 19 BTC/ETH Market Analysis

When Bitcoin was at 40,000, Ethereum was at 3,000; when Bitcoin reached 60,000, Ethereum was still at 3,000; now Bitcoin is at 90,000, yet Ethereum is still at 3,000. Fans often message me asking why I don't talk about ETH. With the situation being what it is, what more is there to say? Its previous strength was due to the high demand for ETH from both ICOs and DeFi, which saw its price rise from a low of around 80 in 2018 to nearly 5,000 in the last cycle. But what does it have this time?

After finally getting an ETF, everyone rushed to Bitcoin, not to mention the looming presence of Solana. I’ve mentioned before that if I had to choose, at least for now, I would choose SOL. So what about Ethereum? I have some personal views; remember to like and follow to find me.

Although we currently don't see enough reasons for it to rise, we can look forward to the opening of Ethereum's ETF staking in the future. Although the yield isn't high, it's a significant temptation for big finance. Furthermore, as the yields on US bonds continue to decline, Ethereum's staking will become more appealing. We also have to wait for the capital to flow back into Ethereum for its rebound, but those are future matters. The main upward trend is likely in the later stages, but for those currently holding it, waiting can be agonizing. As for what to do now, there's no need to get too tangled up in it; at least for the moment, there are many alternatives that are performing better than it.

Returning to today's $BTC market analysis: From the candlestick chart, the 1-hour level shows consolidation, the 4-hour level appears weak, the 12-hour level is sideways, and the daily level is on the rise. The intraday resistance level is 93,500, and the support level is 88,700 USD.

Here comes the key point:

Don't run around like a headless chicken in this bull market! Comment with 111, and join me in strategizing for this bull market, or click on the main page to add me as a follower, check the introduction, and find me. Being ahead of others reduces risk and increases profit.