November 21, $BTC $ETH market interpretation
Bitcoin hit a new high today, reaching more than 97,000, and it looks very strong. But I think that in the next few days, about five or six days, it will have to shake at a high level, and may try to rush to the range of 98,000 to 100,000. After the shake, it is estimated that there will be a 4-hour correction.
Let's take a look at Ethereum. It has been really weak in the past few days. Bitcoin has been hitting new highs, but it is still sideways. However, you think that the overall trend is upward, and strength and weakness can be reversed at any time. If Ethereum is extremely weak, there will definitely be a surge later. I estimate that Ethereum should be able to make up for the surge before the end of the month, with a target of 3,700.
Back to Bitcoin:
Short-term changes are fast, and my analysis is just a rough look, you still have to keep an eye on the latest market. From the 1-hour level, Bitcoin may continue to rise, unless it falls below 88,000, then it may have to pull back. Now, it may first pull back to around 90,000 or 89,500, and then rush up, the target is still 95,000 to 100,000.
At the 15-minute level, it also depends on the pullback, and it will probably return to the 89,500 to 90,000 area. If it falls below 91,500 during the 15-minute level pullback, then you have to pay attention, Bitcoin may have to go through a 1-hour level pullback.
Ethereum:
In the short term, it is still oscillating in the central axis. It would be best if it can return to 3,000 or 2,950 to 3,000. Of course, it may not go back. But I think it has almost oscillated, and it should be able to make up for it later, with a target of 3,700, and rush to 3,450 first.
Trend:
At the weekly level, the general direction is upward, and now we are heading for a new wave of rise, the target is more than 100,000.
At the daily level, it is also upward, let's see if it can break through 100,000.
At the 4-hour level, it is still upward, and the target range is 95,000 to 100,000.
At the 1-hour level, it is oscillating, although it has reached a new high, it is still oscillating.
At the 15-minute level, the direction is downward, and we will talk about it after a correction.
If you want to grasp this round of bull market, it is definitely too late to learn and sell now, it is best for someone to help you get started quickly.
I am Uncle Lei, welcome to communicate!
