11/20 Mainstream Coin Analysis
Yesterday, Bitcoin opened and rose, with the price climbing to above 92,000, reaching a daily high increase of nearly 3,000 points. Subsequently, it faced pressure and tested the strength of the support below, rebounding strongly near 9,000. The market then rose as expected to above 93,000. As of today, the market has not stabilized at the 93,000 level and has again retraced; currently, it has pulled back to around 91,800. There is strong resistance at the 63,000 level above, and it is expected that the short-term market will maintain high-level consolidation throughout the day.
Looking at the short-term hourly chart, although the market has rebounded after the pullback, the upward momentum is not strong, and there are signs of pressure in the current trend. The price has not been able to break through the mid-track resistance, and there is still a risk of further pullback to test the support below. Overall, the trend leans towards oscillation, so the strategy should be to short at high levels and long at low levels.
BTC trading suggestions:
Long position, target 93,000 in the 90,500-91,000 range.
Short position, target 91,000 in the 93,500-94,000 range.
ETH trading suggestions:
Long position, target 3,180 in the 3,050-3,080 range.
Short position, target 3,050 in the 3,180-3,200 range.
