**11.11 Monday Morning #市场观察 **
In the morning, Bitcoin strongly broke through 81000, with no significant pullback observed. The upward trend is expected to continue, and it may even challenge the $100,000 mark, possibly signaling the start of a genuine market rally. The current market is relatively calm, and the recent low-profile long positions have been performing well, with precise handling of news developments.
From a technical perspective, the daily MACD for Bitcoin has a golden cross pointing upwards, indicating strong bullish momentum; however, the KDJ indicator is flattening, which may suggest that the speed of the rise could slow down. Although Bitcoin surged last night, the volume did not exceed the levels seen on the 6th, and subsequent changes in volume need to be closely monitored, as they will have a key impact on the sustainability of the trend.
The four-hour chart is consistent with the daily trend, showing an overall upward movement. It is important to note that the market does not exhibit a one-sided upward trend, with Ethereum's movement also being similar to Bitcoin's.
Short-term resistance for #BTC☀ is expected around 83000, with support near 80000.
Resistance for #ETH🔥🔥🔥🔥 is approximately 3300, with support around 3100.