11.5 The big pancake weekly line has broken, can it stabilize at the 100,000 mark?
Today, the accelerated downward trend continues. Currently, from a technical perspective, Bitcoin has broken the acceleration position at 106,000, and the current low point has come down to around 103,000, which is only 1,500 points away from the previous low. It is expected that tonight it will break below 102,000 to test the support at the 98,000 line. In the short term, those looking to buy the dip need to seize the opportunity and act decisively!
Ethereum has also arrived near 3,450 as expected, engulfing the last pin's lower shadow. The lower segment has parallel support around 3,350, and the key upward trend support neck line is near 3,150~3,180. If there is a pin, the rebound strength at this position must be observed. For friends who are not satisfied with recent market operations, feel free to consult and find me to discuss the market together.
Operation suggestions:
BTC 101,500-102,500 go long, target looking at 104,000 - 106,000, defensive at 100,500
ETH 3,400-3,455 go long, target looking at 3,605 - 3,755, defensive at 3,350
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