Market analysis on November 14

Market review

During the US trading session last night, the market was strong and there was no pullback. After breaking through the top of the 4-hour box oscillation of 89,500 points, it continued to rise to 93,263 points. It is unwise to short at this time. I replied to the friends who asked in private messages, suggesting that we wait until the 1-hour line is stagnant and two small negative lines appear before looking short. At 1 a.m., the market entered an adjustment, and at 3 a.m., it officially fell, with the maximum drop of more than 5,000 points. Ethereum first rose sharply and then fell back to the original point, and the altcoins collectively dived.

Technical analysis

BTC

- At the daily level, yesterday's closing of the real big positive line and then the high callback, has fallen below half of yesterday's increase.

- The 4-hour line trend fluctuated upward, and the maximum retracement was near the MA14 daily moving average, which was near yesterday's high. Today's closing is important, which will affect whether the market will adjust in the next week. During the day, pay attention to the 88,500 and 86,500 defense lines below and the 92,000 pressure level above, and a breakthrough is expected to reach a new high. In terms of operation, positions should be carefully allocated. For short-term operation, the interval between the first and second positions should be more than 1,000 points. Buy high and sell low according to the support and pressure points, and do not operate against the trend.

ETH

- The daily level has bottomed out near 3100 three times, and now it has come out of a big negative line. Pay attention to today's closing.

- After the recent high of the 4-hour line, 3120-3100 is an important defense line. If it falls below the short-term target, it will be around 2800 points. Pay attention to the pressure of 3250-3300 above and the support near 3100 below. #BTC00929

Analysis of altcoins

Except for the election crowdfunding and some currencies in the meme sector, most altcoins have pulled back. People, which was shared in the research report the day before yesterday, rose by more than 30%. The idea of ​​selecting coins in the live broadcast room on Monday is useful in this market. You can use Dogecoin and link to drive the low point and doubling of related coins. This is the first wave of altcoins. There will be a second wave after the adjustment. Everyone should keep their profits and strive to achieve compound interest in the second round. #超级MEME周期？

Finally, a reminder that the currency market is volatile and you need to be cautious when entering the market. The above is only my personal opinion, not an investment suggestion, and is for reference only.