November 21 BTC and ETH Market Analysis:
Market Review:
Yesterday BTC slightly rose, breaking through 94500, continuing to refresh its all-time high, in line with recent expectations.
There is still potential for further increase, pay attention to changes in market sentiment, it is expected that BTC will continue to break new highs.
In contrast, ETH failed to rise in sync, a divergence pattern has appeared on the 4-hour chart, and in the short term, ETH may follow BTC to make up for the rise.
Pay attention to the support level at 3000, if the pullback does not break below this level, the possibility of making up for the rise will be greater.
Today's Highlights:
BTC: The 1-hour and 4-hour levels have returned to healthy levels, and the daily level remains strong, expected to continue breaking new highs during the day. The expectation for a rise in the larger cycle remains unchanged. The support level during the day is in the range of 92500-93000, while the resistance level is in the range of 95000-96000.
ETH: The 1-hour and 4-hour levels have returned to healthy levels, and the daily level is also high, expected that ETH will likely make up for the rise during the day.
The support level is in the range of 3000-3050, while the resistance level is in the range of 3200-3250.
