👀11.21 Daily Market Insights.👀
$BTC Insights:
The large coin volume breaks through 86236, closing above the 86236 hourly level, go long on the right side, and take back the stop loss.
85742 breaks down with volume but cannot recover, go short on the right side, and take back the stop loss. Pay attention to the changes in volume and manage your stop loss.
If there is a false breakdown at 84320, add another long position; if the false breakdown hits the low point or breaks 83279, take the stop loss,
if you can't recover, do not go long.
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The large coin breaks through and holds above 86288, looking upwards at 87463-88125, if it can't go above 86288, it's not useful.
When shorting the large coin, watch out for a 2b false breakout at 87162 to short one position, stop loss at 88126.
Conservative traders wait: 82021 long, stop loss at 80766.
The large coin has dropped a bit too harshly! Is this a counterfeit large coin? The triangle has broken down, and the neckline at 88637 has also been broken.
If the rebound cannot be recovered above 86538, then look further down after breaking the 85183, down to 83663!
Right now, you shouldn't be looking for its next support level; you should watch when it will stop falling because in the face of a decline, support is just paper, breaking it is just a blink of an eye.
The only operation possible now is to buy in batches on the spot market; I do not recommend trading contracts for now because there is currently no bottom, unless it can return to above 86538, or during the current decline, it does not continue to create new lows after consolidating.
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Upper resistance 86288-87463-88125
Lower support 85183-83663-82021
The 4-hour level 85097 breaks down looking down at 84342-83663.
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$ETH Thoughts:
The second coin breaks through 2823 with volume, go long on the right side, and take back the stop loss.
2795 breaks down with volume, go short on the right side, manage your stop loss.
Pull back to 2753 to confirm support is effective for adding another long position,
stop loss at 2716.
The second coin holds above 2832 at the hourly level, looking up at 2872-2906.
Be cautious of a short position at 2871, stop loss at 2907.
Left side pin order: 2670 long, stop loss at 2625.
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Upper resistance 2832-2872-2906
Lower support 2795-2736-2667
The 4-hour level 2809 breaks down looking down at 2752-2678; the price channel of the second coin hasn't been broken, so it is temporarily safe. If the price channel breaks, the previous low of 2733 won't hold, and 2853 can alleviate the downward risk temporarily; if it can't recover, it will be of no use. Meeting adjourned.
