11.17 Weekend BTC and ETH market summary: Next week's market will open a breakthrough
Post No. 14 repeatedly pointed out the risk of decline. At present, the overall trend is in line with expectations, and the pullback is stronger than the rebound. The trend over the past two days of the weekend is basically a wide range of fluctuations. At present, the resistance above 91800 is very strong. It has been stuck downward for three consecutive days and failed to stand firm. Therefore, it is difficult to break through the new high again in the short term. Next week, focus on the lifeline position 87450 below the triangle trend. If it breaks downward, the general direction will turn to short. Wait!
From the 4-hour chart of BTC: the first stage of the callback of the big cake has been completed, and the second stage will be formed tonight. The general direction is still rebounding and shorting. The technical indicators are currently oscillating around the middle rail support. MACD short energy is bearish with a large volume. The other indicators KDJ and OBV have crossed downward. If the closing line crosses downward at 12:00, it will be strongly bearish. The resistance below is very obvious when combined with the trend chart. At the low point of the trend line at 89530, the breakthrough depends on the 4-hour support of 87450, because this is the resistance level that has not been effectively broken through after multiple tests, and the trend chart shows a triangular contraction. Then the oscillation range will only become narrower and narrower, and finally choose a directional breakthrough. From the technical indicators, all are strongly bearish downward, so the operation is mainly high-altitude.
BTC weekend strategy: 90800-91300 short, target around 89530!
ETH weekend strategy: 3125-3140 short, target around 3055!
