Thoughts in the afternoon of November 16:

As the weekend approaches, the market is still in a critical period of waiting for a decision. As repeatedly emphasized in the previous article, in the short term, we need to pay close attention to the pressure and support of prices. For Bitcoin, focus on the two key points of 92,000 and 87,000; Ethereum needs to pay attention to the range of 3,000 to 3,300.

From the four-hour level, after Bitcoin has risen several times, the Bollinger Bands have not shown an opening trend, and the continuity of the bulls has weakened. This shows that the short-term market will still experience repeated fluctuations, and the current market has brought the price close to the important pressure level of 92,000. Its price trend began to run along the lower channel, and the overall trend showed a pattern of repeated fluctuations between long and short positions. The probability of a unilateral market in the short term is low. From the perspective of technical indicators, the MACD indicator is currently in the short position area, and the DIF line and DEA line are both diverging downward. This signal shows that it may face a certain degree of adjustment pressure in the short term.

Big cake 92000-92500 short, down to 90000-90500

Second cake 3140-3780 short, down to 3060-3080

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