Reviewing the market, BTC has previously predicted that after reaching a new high, the short-term market will not decline. The emotional high of the market indicates that BTC will continue to rise, targeting the 80,000 position. Early yesterday morning, the Federal Reserve had a meeting, and it is expected to cut interest rates by 25 basis points, which aligns perfectly with the market. Trump's election marks a new beginning for rate cuts in November. Yesterday, BTC closed at the highest point of 76,800 with a half bullish line. The secondary coin has shown strong upward momentum in the past two days, and yesterday's highest point of 2,950 was also within the predicted range. This week, we expect a target of 3,000 points in the short term. The target for BTC is around 81,000, where we will start to see short-term selling pressure. Recently, SOL's rebound has reached high points, so be careful to control risks, looking for a new high above the 220-240 range. Currently, the overall market situation has not yet ended.
BTC reached a high of 76,800, closing with a half bullish line. The intraday trading volume is continuously increasing, indicating that the current emotional high after BTC’s new high is relatively strong. At this stage, BTC's price is high, and intraday fluctuations of several thousand points are considered normal. On the four-hour level, BTC should focus on effective support levels between 75,000-74,500. For the upper side, pay attention to the pressure levels between 76,500-77,000. BTC needs to effectively break through and stabilize above 77,000 to directly approach the 80,000 range.
ETH has been relatively strong in the past two days, and it has been quite powerful recently, starting to build a bottom around 2,400. We also published an article on November 5 reminding that there were clear signs of bottom formation. This round of rebound has seen ETH increase by more than 20 points, effectively breaking through the resistance level around 2,800 on the weekly chart. Intraday, we are focusing on the 2,850-2,830 range. Currently, the position around 2,800 serves as the weekly resistance line. As long as it stabilizes at this level, ETH will continue its upward trajectory, with short-term targets aiming to break through altcoins first. Intraday pressure levels to watch are around 2,930-2,950.
