11.11 Early Morning Analysis of Erbing Market
The pullback does not change the upward trend, and the low absorption window has shown support at 3510-3540.
From the 1-hour Bollinger Band perspective, the current pullback of Erbing is a normal realization of short-term profits. Although it has fallen from the high point of 3658 to around 3546, it has not broken the key support of the middle track (3590), and the lower track (3515) defense is solid, so the overall upward trend has not been damaged. After failing to bounce back from support, the oscillation has accumulated energy for a rebound.
Previously, the price relied on the middle track (3590) to complete a wave of rise, and this position has become a cost anchor point for bulls; the current pullback accompanied by shrinking oscillation is a typical consolidation and accumulation, definitely not a trend reversal signal.
Operation Suggestion:
Buying in batches in the range of 3510-3540 is recommended, with the first target looking towards 3600-3660, and holding on after a breakout. $ETH #ETH #美国政府停摆 #十月加密行情 #美国ADP数据超预期 #Strategy增持比特币
