November 19th Afternoon Thoughts
After analyzing the price trend, Xue Liang noticed that the current K-line pattern is fluctuating within the range of 90000 to 92000, forming a clear consolidation pattern. Xue Liang also discovered that the daily K-line has repeatedly shown long upper shadows, indicating strong selling pressure above. In terms of technical indicators, in the 4-hour MACD cycle, DIF and DEA are close to the zero axis, and the MACD histogram has shifted from negative to positive, suggesting a short-term rebound. However, the overall trend remains unclear, and caution is necessary when entering the market; one should not act rashly based solely on intuition. The Relative Strength Index (RSI) value is between 50 and 60, not yet entering the overbought or oversold zones, indicating that the market is in a relatively balanced state. Xue Liang refers to this balance point as the calm before the storm. From the perspective of trend indicators, the current price is above EMA7 and close to EMA30, while EMA120 is far below the current price, indicating a long-term upward trend but potential short-term adjustment pressure. Therefore, it is important to pay attention to the price potentially pulling back downward in the short term. Despite the larger trend showing a bullish stance, there is a short-term correction trend. Entry points can be considered after a pullback, and it is advisable to wait for clearer direction before taking action.
Bitcoin: 91000-91500 buy. Target 92300-92800
Ethereum: 3070-3110 buy. Target 3150-3190
#市场围绕90K #币安矿池FB联合挖矿 #DeSci热度上涨 #英伟达财报即将公布 #AVAX、ROSE、ADA大额解锁 $BTC