[Early trading on 11.13 - range oscillation before the two narratives this week]
(If the pie goes sideways and the volatility is low, go to Lu Shanzhai)
Macroscopic view:
On the 14th of this week, the U.S. non-seasonally adjusted CPI annual rate in October (announced value > predicted value = positive for the US dollar), the Franklin Templeton spot ETF progress receipt on the 17th. U.S. GDP>CPI, interest rate cut expectations have been further realized in the risk market. The Federal Reserve's interest rate observer shows that the interest rate cut is ahead of schedule. By June 20, the probability of maintaining interest rates or cutting interest rates has reached more than 90%.
Technical aspect:
1. The usual volatility on weekends is not large. Yesterday, I mentioned that BTC should follow the idea of harami and cooperate with the shock range. The intraday fluctuation is to fluctuate 200 points around the strength level near 3.69. The positions given by ETH since 2140 were all reached yesterday, and the spot price started to rise and sell in the later period. Pay attention to the short-term contracts of NEAR AGLO HOOK, which was broadcast live the day before yesterday, to take profits and move the spot. The coins screened during last night's live broadcast have been distributed, and the live broadcast will continue to screen currencies in the future.
2. The weekly closing is pretty good, and the line change is the beginning of the fluctuation. The structure remains unchanged and the trend remains unchanged. For the daily line, the bus range is the structural range of 3.63-3.75, and this range remains unchanged. There are already many harami lines on the daily line. The breakthrough of the harami lines and the kinetic energy are the direction. Before this, the trend was oscillatory. The view remains unchanged that 3.4 is a large-level change position, and 3.18 is a support-resistance exchange position for a large structure. The upper target is 4 4.2 4.8 (the fomo position of 618). The spot market will appear based on these positions, and the position will be cleared after a large-scale decline.
Medium and long term: Pressure 4 4.2 Support 3.4 3.32
Short-term intraday: 3.85 3.75 support 3.63 3.54
3. ETH continues to look at the key support of 2000. The lower support is 1960 1920 1880 1850 and the pressure is 2090 2140.
