11.15 BTC, ETH evening analysis: Breakthrough is imminent, this kind of market is often the most tempting
Big cake continues to test the resistance below 87450 during the day, but it still has not formed an effective breakthrough. It is currently fluctuating widely and it is only a matter of time before it falls below the low point. Pay close attention! Last night's post is still mainly high-altitude, especially big cake. The rebound point is very accurate. After reaching the range, it falls like a waterfall, and the overall space is nearly 3,000 points. As long as you follow the general direction to open a short, no matter what point you enter, you can take a wave of trending market, so what are you waiting for? Because big cake fluctuates greatly, we will focus on the trend of big cake tonight
BTC from the 4-hour chart: Let's talk about the general direction first. There will be a large downward adjustment before the end of November. According to Fibonacci's speculation, the adjustment position will most likely reach 80115 to stop the decline and consolidate. After the market bottoms out, it will continue to push up and move the three waves of the monthly line. Combined with technical indicators, all turned downward and strongly bearish, and the bullish volume is weakening, because the trend chart has formed an inverted wedge triangle, which is a very obvious downward trend. As long as it touches the highest point, it will go down, and the resistance below the triangle will be repeatedly tested at 87450. The key point is that if it successfully breaks through tonight, it will fall sharply. If it does not break through, it will continue to fluctuate over the weekend, so it is more appropriate to open a short position at a high level. On the news side, the hawkish remarks of the Fed Chairman who is not in a hurry to cut interest rates have also cast a shadow on the market. Tonight, the general direction is to rebound and go high.
BTC evening strategy: 90300-90800 short, target around 87450!
ETH evening strategy: 3115-3135 short, target around 2900!
