11.17 Market Analysis

Yesterday morning, the market surged and reached a maximum of 38,000, but failed to stabilize. Subsequently, it retreated and has been in a downward trend. In the early morning, the market gradually declined and continued to decline. The lowest rebounded to around 35,500, and it also rebounded by 1,000 points. It is currently oscillating around 36400.

The physical part of the closing Yin line at the daily level is smaller than the previous Yang line, and the volume is not greater than the previous Yang line, indicating that the power of the airdrop is smaller than that of the bulls. At present, the market has been operating within the 2,000-point range of the middle and upper rails. According to the stretching of the previous position, it is still gathering momentum and the upward trend is still strong.

Looking at the hourly line, a slight correction is needed to sort out the trend after the consecutive positives, but technically it can be seen that the short position is still operating in a shrinking state, and it is a bit difficult to convert in a short period of time. Although the trends of each moving average are anxious, the Bollinger Bands are oscillating below. At the same time, the short-term correction also eased the subsequent trend to a certain extent, and the low and long thinking remained unchanged during the day.

Big pie: more around 36200-36400, target 37000-37200.

Ethereum: More around 1965-1975, target 2000-2030.