November 12 Market Analysis 📊📊
Weekend Market Dynamics:
BTC has surged again, breaking through 89000, setting a new historical high. The short-term trend is strong, far exceeding market expectations. Recent focus needs to be on fundamental information, as technical indicators have become ineffective. Expected trend: Fluctuating upwards.
Risk Warning:
The greed index has soared, suggesting that BTC holders should start reducing positions to manage risk. Both daily and weekly levels have entered the overbought zone, with strong expectations for a pullback. Pay attention to changes in market sentiment and reduce positions to avoid risks.
Ethereum (ETH) Performance:
Yesterday, it rose in sync with BTC, breaking through 3300. After a slight pullback, it quickly regained, with expectations to rise to 3500 during the day.
Today's Highlights:
$BTC :
1-hour, 4-hour, and daily levels have all entered the overbought zone. A pullback is expected during the day, but the upward fluctuating trend remains unchanged. Day support: 86000-86500 📈 Day resistance: 89500-90000 📉
$ETH :
1-hour, 4-hour, and daily levels have all entered the overbought zone. A further rise is possible during the day. Day support: 3200-3250 📈 Day resistance: 3450-3500 📉
