Market analysis on November 15, 2024

Daily chart of Bitcoin

Pressure level around 90,000

Support level around 84,000

Bitcoin started to pull back yesterday, and finally did not continue to hit the high point, but it is still above the 5-day line. If there is a rebound today, you can short appropriately. This wave of sideways correction may continue for a while. This correction is for a better rise. The big trend is definitely still an upward trend. Now it is just a temporary correction. You can't chase high under any circumstances. You must keep it in mind. The pressure level given today is around 90,000. If you can reach this position, you can make a short order appropriately. The position should not be too large. The support level is placed around 84,000. After the short order is closed with profit, don't open a long position. In the past two days, it must be a rebound short. I wish you all a happy Friday.

Ethereum daily line

Pressure level around 3130

Support level around 2940

Ether continued to pull back yesterday, and the lowest reached the 10-day line of 3028. The support level we gave yesterday was around 3050. If you have a long order, remember to lock in profits if there is a rebound today. There will still be shocks and pullbacks today. Tomorrow is the weekend, and the market may not fluctuate much. So if there is a profit today, remember to lock in profits. Don't be afraid of Ethereum's pullback. Every pullback is an opportunity to go long. If it can really pull back to around 2800, you can go long boldly. I wish you all a happy Friday.

The above information is for reference only and is not an investment advice.