2024.11.18 Market Analysis

In the morning, the price of Bitcoin fell to a low of 88,722 US dollars. After breaking the one-hour level, it immediately recovered. After the 88,700 line was supported, the sentiment rebounded slightly, and the trend rebounded to above 90,000 US dollars. The market repaired and formed a range. The focus will be on the stabilization of 90,000. If it falls sharply, it will probably hit a small new high near 93,000. The reason is very simple. First, the long orders will explode, and then the short orders will explode! The short-term market is still consolidating, and the idea is to maintain low longs!

Ethereum is suppressed by 3250 above. The current trend remains volatile in the range near 3110. The short-term market tends to fluctuate. There is no obvious sign of breaking out. It is expected that the volatile posture will continue for a while. Pay attention to the support of 3000 below. If it falls below the next support near 2900, you can open a position in batches! #BTC #ETH