In-depth analysis of Bitcoin (BTC) and Ethereum (ETH) market on November 15th, reference #BTC冲破9万 #BTC连续破新高，你看到多少？ #加密货币总市值破3万亿美元
Looking back at Bitcoin's trend yesterday, it once fell below $88,000 in the morning, but then quickly reversed and rushed to test $92,000. However, the market suddenly changed in the evening, and Bitcoin quickly fell, reaching a minimum of $87,000. The intraday bullish sentiment has obviously weakened, and the market has once again fallen into a deadlock of high-level consolidation. Although Bitcoin has continued to rise strongly in recent days and has continuously refreshed historical highs, any asset will inevitably encounter a short-term correction after a rapid rise. This is the norm in the market and a critical period for risk management. If Bitcoin encounters a sharp correction, the market may usher in a period of high-level consolidation. From a technical point of view, the four-hour chart shows that Bitcoin's trading volume has increased, but the subsequent supply seems insufficient, and the trend has not stabilized upward. At present, the price is close to the upper support of the middle track. We need to pay close attention to the resistance level of $92,200, and the support level of $85,200 should also be noted below. As long as the support line is not broken, the bullish trend is still promising. In terms of operation strategy, it is recommended to adopt a low-to-long strategy. It is recommended to arrange in the range of 85,500-86,000, with a target above 88,000.
As for Ethereum, after rising to the 3,200 line in the evening, it also entered a correction trend under pressure. At present, the lowest has reached the 3,057 line. From the perspective of the K-line pattern, the price has fluctuated frequently in the range of 3,300 to 3,000 recently, and the upper shadow line has appeared many times. The technical indicator MACD shows that the current DIF and DEA are both negative, but there are signs of convergence. This means that after this wave of adjustment and bottoming out, Ethereum is expected to usher in an upward trend again. Moreover, from the current large level, the upward trend of the price ratio has not stopped there, and the pull-up has not yet ended. In the future market, we still need to remain vigilant and focus on whether the previous big negative line can be maintained. This will be an important basis for us to judge the future market trend. It is recommended to place more orders at 3030-3000, and the target is around 3200
The above article is carefully written by Li Hong Trend. The views of the article only represent the author's personal views and do not constitute specific operational suggestions. The article has a lag, and the operation risks are borne by the user. For more real-time analysis and trading strategy information, please click on my avatar to obtain it.
