Bitcoin trend analysis on November 17, wait patiently for the key position to stabilize, the market outlook is bullish!
Previous situation review: Yesterday, the big cake hit the upper suppression of 91,000 and was suppressed again. In the previous content, the shepherd pointed out that this is a key position. The first key position is 83,000. After breaking up, the right side intervened. The subsequent trend has always been in accordance with the shepherd's thinking. The current price of big cake has just run to this key position.
At present, we can see that the big cake is just at the key suppression position of 91,000. We can see from the small cycle chart that the big cake is currently oscillating in a channel, testing the key position of 91,000 upwards many times. The dense trading area below is at 86,000. This is a key support. As long as this key position is not broken, the big cake will continue to rise to 100,000 US dollars in the future.
The current strategy is that every time the pin is inserted downward, it is the best time to intervene. I don’t think this round of market has ended, so every instant decline is a good opportunity to intervene.
ETH: There is key support at the 3022 line in the short cycle, mainly low-long, it is worth mentioning that ETH's overall momentum is weak at present, and the pressure at the 3350 line is very strong. You can make short-term operations according to the fluctuations of the big cake!