November 11th Market Analysis
Over the weekend, BTC continued to rise, having now broken through 81,000, setting a new high. After a slight pullback yesterday, it quickly recovered, showing very strong short-term momentum, exceeding previous expectations. Recently, focus on fundamental information is advised, with the expectation of maintaining a fluctuating upward trend unchanged. Those with positions should hold. The daily chart remains healthy, and the weekly chart golden cross has formed. Hold firmly and maintain confidence; the outlook remains bullish. The second coin followed BTC's rise yesterday, continuing to catch up, having broken through 3,200. After a slight pullback yesterday, it quickly recovered again. The expectation for the day is a pullback and adjustment, with a rapid short-term rise, indicating a recovery trend. The outlook remains bullish.
Today's Highlights:
BTC: The 1-hour and 4-hour levels have entered overbought territory, and the daily level has also entered overbought territory. Expect a pullback during the day, with fluctuation upwards; expectations for the larger cycle have not weakened.
Intraday support 79,000-79,500📈
Intraday resistance 81,500-82,000📉
ETH: The 1-hour and 4-hour levels have entered overbought territory, and the daily level has also entered overbought territory.
Intraday support 3,000-3,050📈