11.25 Market Analysis
Bitcoin and Ethereum, at 12 AM during the four-hour close last night, both fell below the life line, with positions at 96300 and 3280 respectively; this is the first time since November 6. Although there was an upward rebound in the K-line from 4 to 8, it did not form a new bullish trend.
BTC: The four-hour resistance for the upward rebound is at 98500, and the 61.8% Fibonacci retracement level is at 98200, indicating a strong resistance area between 98200 and 98500. If the four-hour close cannot surpass this level, there is a high possibility of another pullback, which is likely to end this short-term upward trend.
ETH: The rebound strength is significantly weaker than Bitcoin; although there are no new lows, it is still far from the resistance level of 3407 on the hourly chart during the rebound.
SOL: This rebound strength is only next to Bitcoin, and it has only reached the hourly chart resistance line of 254.7, without breaking above it.
Overall Judgment: There is a relatively high probability of a downward adjustment this week, proceed with caution.
