Li Shengting: 11.17 Bitcoin/Ethereum market analysis in the early morning

Bitcoin is still around 90,000 and is undergoing box shock adjustments. From a short-term perspective, the current box shock adjustments are within the normal technical range. Judging from the perspective of personal experience, it is most likely to prepare for a deep retracement next week. .

Judging from the daily technical indicators, Bitcoin TD9 is still lagging behind, the MACD technical indicator ultra-short-term bulls continue to shrink, the KDJ technical indicator shows an overbought signal, and the VOL technical indicator has seen a clear decline in trading volume over the past two days. , it shows from the side that short-term retail investors’ long sentiment is declining. At present, it is mainly bookmakers who are maintaining the entire market. There is a high probability that Bitcoin will undergo a deep retracement next week. The retracement is expected to be around 10,000 knives, which is 78,000- Around 75,000, at the same time, the current increase in the MA5 daily moving average has also shrunk. The MA10 daily moving average and the MA30 daily moving average continue to strengthen. From the side, it shows that the market has little volume to continue to support the continued rise of Bitcoin. If it continues to rise, it will also need A round of technical indicators repair retracement adjustments.

Judging from the 4-hour technical indicators, the KDJ technical indicator moves downward, the MACD technical indicator bull volume continues to weaken, and the MA5 daily moving average and MA10 daily moving average growth volume show obvious signs of shrinkage, which also illustrates the technical inability to rise in the short term. Tip, overall, if the 93,000 area does not break, then it will be a matter of time for Bitcoin to undergo a deep retracement. The first support below Bitcoin can refer to the area around 0.168-0.381, that is, around 83,000-77,000, with weekend fluctuations It won’t be very big. The high probability of adjustment is to wait for the weekly update, which is next Monday #市场回调，观望还是上车？ #BTC冲破9万 #BTC #ETH $BTC $ETH