24/11/17BTC rebounded to 91850 and is under pressure. There is a risk of a short-term downward decline. Can the rise in the altcoin market continue?
Bitcoin once again touched the second high of 91,850 yesterday and has been under pressure for no effective breakthrough. The risk of short-term decline increases. The longer the short-term market fluctuates and consolidates at a high level and the longer it fails to break through the high level, the risk of a correction increases. There is only 6-7% left if it goes up to 100,000. After reducing positions twice in the previous large wave, Bitcoin can grasp the short-term market.
Ethereum broke through the downward trend line yesterday and fell back again in the morning, with short-term support near 3035. This wave of decline and rebound did not break through 0.5 and is still weak.
Flatbread
The daily K-line has been closed inside the upper track of BOLL in recent days. Even if there is a rebound in the short term, it will only touch below 95673. The daily line fluctuated at a high level for 4 days. The volume-price divergence has not completely completed this wave of rebound trend. In the short term, we need to pay attention to the decline. The 4-hour triangle pattern is still volatile. If the callback is not broken near 85000-86666, we should consider going long.
For the time being, the 1-hour chart is still running in a channel. It is currently oscillating downward. If it cannot break through 91850, it will hit a low point and then rebound.
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ether
On the daily chart, Ethereum is still fluctuating around 3000. The rebound has not yet broken through 0.5, and the entire wave has also fallen to around 0.382. If it falls below 3000, there is a chance that it will fall back to 2860-2780.
If 3220 cannot break through the potential downward wave C in the 4-hour period, we should pay attention to the short-term correction as the copycat stocks make up for the losses and withdraw liquidity.
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