2024.11.12.BTC.ETH.SOL.Intraday Market Analysis

Good afternoon, brothers. The rise of Bitcoin is really dizzying; I never thought it could reach these prices so quickly. I didn't sleep well last night, and around five in the morning, I couldn't help but take out my cold wallet. I couldn't hold back and sold a portion. After more than two years, I now have 3/1 of my position left, which makes me feel much more at ease.

I thought back to noon; two years ago, I was still telling friends to buy the dip. Brothers, if you had known me two years ago, you might have received this message 😄. Looking back now, it's still worth showing off.

Currently, the upward trend has exceeded my understanding. The control of the market is too severe; it doesn't seem as simple as big institutions controlling it. I've stopped researching; I will do things within my understanding range and slowly gamble with the remaining position. Currently, technical analysis isn't very useful, and I dare not trade either long or short. I'll take a few days off; I don't dare to top up in a bull market or buy the dip. I'll just mention the support levels for you brothers, for reference only, not as a basis for placing orders.

BTC

Bitcoin has formed a horizontal trend again after peaking, supported by one-hour level support and fluctuating upwards. The smaller time frames are still in the upward phase. We'll see if the one-hour support at 88000 can hold. If it closes below this price, it will undergo a one-hour level correction, with the lower support levels at: 86600, 86000, 84000. If it doesn't break below 88000, we will continue to look for upward targets with resistance at: 90000. If it breaks 90000, the next level will be around 95000-96000. This pressure target is just my own perception and may not be used as a reference.

ETH

Ethereum is currently undergoing a one-hour level correction; this morning it briefly touched the four-hour support at 3250. As long as it retraces to the price of 3293, the market will continue to surge, with upper target resistance at: 3393, 3530. If the one-hour level retraces and breaks below 3292, it will test the support at 3250 again. If it doesn't break this level, we will continue to look bullish. For this wave of increase, the strength must weaken; we must at least wait for the four-hour close below 3250 to initiate a four-hour level correction. If it breaks below 3250, the long positions can be reduced or exited, with lower support levels at: 3113, 2991.

SOL

SOL's important support is at 215.33. As long as the one-hour close does not fall below 215.33, we will continue to look bullish. The upper target resistance is at: 224, 240. If the one-hour level closes below 215.33, it will start to correct on the one-hour level, with lower support levels at: 205, 199, 195.