Market analysis on November 14 📊📈Overview
$BTC News: BTC continued to rise yesterday, briefly touching a high of 93,000 and then quickly pulling back. Recently, the price of BTC has fluctuated significantly, the trading volume has increased, retail investors have actively participated in the market, and the market has been active.
After a short-term rapid rise, the market has a need for correction and is expected to continue to consolidate during the day, focusing on the support in the 86000-87000 range.
Market sentiment: The current greed index has risen sharply, prompting investors to strengthen risk control. Both the daily and weekly levels have entered the overbought zone, and callback expectations are strong.
It is recommended to pay close attention to changes in market sentiment, as the bullish trend of the big cycle has not changed.
Specific analysis of BTC:
Technical indicators: The 1-hour and 4-hour levels are above healthy levels, and the daily level has entered the overbought range.
Intraday expectations: Mainly consolidation, possibly with upward fluctuations.
Big cycle expectations have not weakened.
Support level: 88400-87200 📈Resistance level: 92500-93000
📉ETH：
Technical indicators: The 1-hour and 4-hour levels are above healthy levels, and the daily level has entered the overbought range.
Day expectations: It is expected that consolidation will be the main trend during the day.
Support level: 3100-3150 📈Resistance level: 3300-3350 📉
Today's highlights
BTC: Pay attention to whether it can obtain effective support near the support level and its upward momentum after the correction.
$ETH : Pay attention to its linkage effect with BTC and its performance between support and resistance levels.
Note: The above analysis is for reference only. Investment is risky, so be cautious when entering the market.
