The day before yesterday early morning reminded that there is a risk of a pullback, and during the day reminded that the clearing risk for BTC is increasing on 24/11/24. Ethereum's catch-up is still continuing, and the old altcoins are taking turns to catch up. On 24/11/25, Bitcoin's descending channel encountered resistance, and Ethereum showed an engulfing pattern. In spot trading, reduce positions on rebounds.
Bitcoin dropped 62000 points yesterday, reaching a low of 92600. Ethereum's catch-up was also pulled down, but the retracement was not significant. The altcoins still have opportunities for a catch-up, but we also need to pay attention to Bitcoin; if it continues to drop significantly, it will affect the altcoins' catch-up.
Bitcoin
The daily chart has shifted from a previous upward trend to a 4-day downward trend, currently dropping to 92600, which just happens to be a retest of the support at the top of the ascending triangle. It will support for a short time to see the strength of the rebound. The downward trend has not completed yet, and the daily MACD fast and slow lines have crossed, with the histogram dropping below the zero axis.
In the 4-hour chart, we have been observing the upward channel trend. Recently, we have continuously reminded that there is a risk of a pullback due to the top divergence. After breaking down, we re-examine the channel pressure. The descending channel coming down from the highest point bounced to the Fibonacci 0.786 yesterday and then fell under pressure. During this decline, we will wait for lower prices to consider longer-term positioning.
Support: Pressure:
Ethereum
Ethereum's evening rebound broke through 3444, reaching a maximum of 3546 before getting pulled down by Bitcoin and having a quick rebound. This is just at the high point of the previous spike's support. The altcoins led by Ethereum have entered the final stages of catching up, so we have been reminding to grasp short-term opportunities in Bitcoin's high-level fluctuations and not be too greedy. A wave of market movements is an opportunity to grasp in segments!
Currently still watching for a rebound, we need to see if the high point of 3545 can break through again. The altcoins are crazily catching up, but they are also pressed down by the brakes. The Bitcoin ecosystem ORDI, SATS, RATS mentioned before didn't really catch up, but the bottom support is still decent, so let's see if they can have a rebound.
Support: Pressure:
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The article has timeliness and is for reference only, updated in real time.
Focusing on K-line technical research, co-creating global investment opportunities. Public account: Trader Gongzi Fusu
