2023.11.8 BTC/ETH market analysis:

After a wave of decline last night, it quickly rose, and the market has reached near the pressure level of the daily horizontal range. It is still fluctuating widely between 34000-36000. Judging from the technical indicators, it is about to pull back. Everyone is tempted to go short, but now that dawn is coming, it is not recommended to go short even if you know it will fall.

Ethereum has been replenishing its prices in the past few days, and its rise is very strong. It has crossed 1900 twice. After this step back, it is very likely to break above 1900 and point to 2000. Yesterday, I talked about the support level of 1850, and it reached it accurately in the early morning. Let’s continue to get on the train. Hold on, do your moving take profit!

Today’s order ideas:

Ether is currently on the long side for 1/2/4 hours. Pay attention to the position of 1890. The 4-hour long and short price will continue to rise if it stands firm, with the upper target around 1908-1917-1933. If it cannot hold on, it will continue to trade sideways or step back. The lower support is around 1868-1850. Long orders can pay attention!

The market is on the long side for 1/2/4 hours now. If you step back, focus on the two positions 35230-35070, which are the long and short prices for 2/4 hours respectively. If 35070 falls below, the correction will begin in 4 hours, and the lower support is 34800-34530. nearby. If it holds, the market will continue to rise, with the upper target near 35655-35920! #BTC #ETH。