Market analysis of Bitcoin and Ethereum on Friday, November 15

Yesterday, the price of Bitcoin rebounded, but the subsequent momentum was insufficient and the trend was not stable. After the opening this morning, the price fell back and tested the support strength of 86,600 points. Although there is a certain downward pressure, its amplitude is relatively limited.

From the hourly chart, the strength of the Duotou gradually weakened, and the Gager entered a period of adjustment. In the short-term cycle, the support of the middle track is at 88,600 points. If the rebound can successfully stand at this position, the price is expected to continue to rise; otherwise, the rebound may end here and enter the callback stage. In short, for intraday trading, it is recommended to adopt a buy-on-dip strategy.

For Bitcoin, it is recommended to buy in the range of 86,000-86,500, with a target between 90,000-93,000.

As for Ethereum, it is recommended to buy in the vicinity of 3,000-3,030, with a target of 3,100-3,150$BTC $ETH