Friday Evening Analysis and Suggestions on November 7
Looking back, the daytime market showed continuous upward momentum, rising from 115200 to around 118800, currently around 118500. The shipping market has increased from around 2914 to about 3040.
Looking at the overall situation, from the monthly chart, the upward momentum has reached the upper boundary, with resistance around 120000. On the weekly chart, the upward momentum is increasing, with a focus on the lower boundary around 115000. The daily chart has broken through the upper boundary, showing continuous increase. The 4-hour structure shows ongoing increase, with the range gradually reaching its peak, while the hourly level shows a gradual decrease in volume, with a focus on the range around 116000-117300.
Suggestions from Zhiming
Bitcoin around 117700-117200, look for 119000-119800
Ethereum around 2980-2960, look for 3020-3040
