11.15 Market Analysis

Last night, with the positive CPI data, the market began to fall and wash out after a short-term upward trend. The market bottomed out at 34,400 in two rounds of pins and then began to bottom out.

The pins retreated in the early morning. From the technical structure point of view, Big Pie Auntai showed a concussive downward trend during the day. At the daily level, after the upward trend of Yang, it went out of the continuous decline of Yin, drawing a small door. The midnight pin pierced the middle rail and then pulled back, which did not form an effective position. The previous half month of shock and adjustment has formed enough chips to easily prevent it from falling below, and it is expected to continue to rebound and rise in the short term.

At the four-hour level, the negative streak has broken the lower track, and there are signs of recovery in the short term. Although the MACD fast and slow lines extend downward, there are signs of a slight turn. The three KDJ lines have a cross upward trend, which indicates that the market may be waiting for the structural change of the daily K line. At present, the small cycle is weak in the high correction, but the large level is still in a bullish trend. I am optimistic about the recovery and rebound after the decline, and the layout can still remain low and long.

Big pie: more than 35,100-35,300, target 35,500-36,000.

Ethereum: More than 1960-1950, target 1980-2010.