Market analysis on November 18
The price of BTC has fluctuated greatly recently and has been volatile for a week. Despite the current significant price fluctuations, a move to new highs is still possible.
BTC is currently at a high level, and market sentiment is biased toward greed. ETH remained near 3000 and tried to break through the resistance of 3220 many times. After stepping back, it was still oscillating in the 3000 range.
It is expected that ETH may continue to rebound this week, with the target being the 3300-3400 range.
If it breaks through this range, 37-38 is a clearing signal; if it does not break through 35, you need to be wary of a pullback to the 33-3400 range. The key lies in whether you can clear your position in time.
Focus on today and this week
BTC needs to pay attention to the daily support level of 85-86000. Once it falls below, ETH may fall below 3000 or even 2800. Potential highs for BTC are 96-98 and ETH could reach around 3400.
At the same time, pay attention to the support of BTC in the 78-80,000 range, and the key support in the 68,000-72,000 range.
The four-hour chart of ETH shows that the 3000 mark is stable. This week’s rebound will focus on the 3260-3300 range. If it breaks through, focus on the 3380-3450 range (previous high). This week we also need to focus on the AI and gaming sectors, especially the performance of YGG, IMX, NOT and other projects. eth668#订订
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