November 13th, The Old Investor Talks About Coins

Market Review and Analysis: Live Stream at 9 PM Tonight

BTC reached the 90,000 mark yesterday and this morning attempted to breach the 90,000 mark again. Based on the current trend of Bitcoin, I personally think it is more appropriate to focus on defense. Of course, this is just my personal opinion, and it is difficult to give any good suggestions regarding BTC's evaluation at this moment. ETH reached a high near 3,450 yesterday, which is very close to the 3,500 mark. Yesterday's early analysis mentioned that 3,500 is not far away. Whether or not to sell at the tail end is no longer that important. When the second coin (ETH) retraced, many altcoins started to plunge collectively. Those that had risen significantly before saw larger declines, while those that had risen less saw smaller declines. Fortunately, the altcoins that were recommended yesterday were basically advised to take profits at the high points. For now, this is the high point, and the pullback is about 20-30 points. Whether this is a high point moving forward will depend on future market trends. At least after escaping, even if one enters again now, it avoids a roller coaster market. ETH has touched the support near 3,200 points multiple times on the four-hour chart from yesterday to today. The recent statement remains the same, focusing on defense.

Today's Highlights: Live Stream at 9 PM Tonight

BTC's market has a support level on the daily chart around 68,000-72,000 points, but it will not reach this level all at once; the market needs to be given enough confidence. The market lacks good liquidity, so Bitcoin needs stable prices. There will not be too much evaluation on Bitcoin's outlook.

ETH's market is adjusting technically, and the pullback to the 3,200 support line is a normal retracement. Based on the previous level of 3,200-3,500 points, it has already been achieved. Many people previously learned the technical aspect and looked to break through 3,500 to 3,800 to take profits. In my understanding, the difference between 3,500-3,800 is not much, and it does not mean that 3,500 will not form a rebound high point. This round of altcoin rebound has been relatively acceptable, although it is weak, it has still managed to lead the altcoins to rise a bit. The current support level during the day is at 3,200 points, with an effective support range between 3,000-3,060. On the four-hour chart, this support level has been touched multiple times. According to normal proportions, the second coin (ETH) will continue to surge during the day to repair yesterday's upward spike to the resistance range of 3,340-3,380.