11.16 Market Analysis

The pie got around 35,000 after a brief stay. It rose quickly last night, and the market surged again in the early hours of last night, with the market reaching a maximum of 38,000.

From the 4-hour level, KDJ formed a golden cross, and the MACD technical indicator bulls continued to increase their volume. At the same time, the BOLL technical indicator bulls continued to increase their volume, and the short-term MA30 daily moving average continued to rise. Judging from the four-hour structure, the currency price has once again stabilized above 36,000, with a tendency to recover. Although there was a retracement yesterday, this trend is considered a virtual break to test support. If it can break through the 38,000 line, the currency price will once again usher in a breakthrough. The wave has risen, and the bulls are currently slowly continuing the strong period and constantly testing the pressure level upwards.

When I saw the daily chart, I mentioned that it only penetrated below the middle rail, but did not break the position. During the day, it stood firm on the middle rail and was able to stretch the Yang. There has been a top-to-bottom transition in the daily pattern, and yesterday's pressure level became support, so the bullish direction is the main one. The pressure above 38,000 is obvious, and we can watch for a wave of retracement.

Big pie: more around 37100-37300, target 38000-38300.

Ethereum: More around 2040-2050, target 2090-2100.