Market analysis on November 17: Bitcoin short-term tends to fluctuate at the 1h level, patiently wait for the adjustment structure to be completed

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Bitcoin failed to reach a high point in the short term, and the pullback was not strong, so I tend to consolidate a 1h center first, and then rush upward to test the 94000~100000 range, and then start a 4h pullback. Therefore, some of the short-term unstarted cottages will have a rebound, such as xlm, xrp, etc, ada have all started to rebound. The currencies that have risen some time ago will continue to adjust in the short term.
 

BTC

Due to the rapid changes in the short-term market, the article can only predict the market changes at the moment of publication. Short-term players should pay attention to the latest changes in the market and use it as a reference only.

1H：

At the 1h level, the probability of consolidating a 1h level center is relatively high. Of course, the difficulty of short-term operations will be correspondingly greater. At present, let's see whether the short-term is rushing around 92,000, and then wait for the next 1h callback to come out, and then participate in long orders again. The next transaction will see whether it will fall back to around 86,000. The temporary structure tends to consolidate a 1h center, and then rush to around 94,000~95,000 to complete the 4h level rise.

15M：

At the 15-minute level, let's see if the 15-minute rebound will go to around 92000. If it cannot quickly break through 93000, it tends to go for a 1h callback and step back to around 86000.

ETH

It is difficult for Ethereum to break through 3400 directly at the 1h level. It is expected to consolidate a 1h level center and then rush to 3500. At the short-term 15-minute level, see if it will go to the 3250~3300 range again. After that, there should be a 1h level callback to around 3000. Then another rush will complete the 4h level rise.
 

Trend Direction

Weekly level: The direction is upward, and a new weekly level rise is currently underway, with the overall target of 100,000+

Daily level: The direction is upward, the daily level rise, first see whether it will break through 100,000

4-hour level: The direction is upward, focus on 95000

1 hour level: Consolidation, short-term consolidation. In a 1h level, it is expected to fall back to around 86,000 again. Then it will rush up again.

15-minute level: The direction is upward. Look at the rebound strength at the 15-minute level here.