Analysis of Bitcoin and Ethereum on the morning of Monday, November 18

It is common to encounter setbacks on the road to investing, but remember that every rise begins with a trough. Just like the trend of the pie, after hitting a high of 91,500 points, it experienced a period of downward adjustment. It did not find support until below the Bollinger Bands and began to show signs of rebound.

Observing the 1-hour K-line chart of the market, we can find that a significant cross star pattern appeared, which effectively curbed the decline and heralded the possibility of a rebound. At the same time, the MACD indicator also showed a rebound trend. The two lines began to move upward, and the short momentum gradually weakened. The KDJ indicator has three lines crossing upward, releasing a positive signal.

Therefore, in morning trading, we can consider focusing on low and long.

The pie is around 89700-90400, the target is 91000-93000

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