BTC ETH Afternoon Operation Suggestion and Future Trend Analysis: As of 11/17, the current market is in a downtrend, with the technical indicators clearly showing a bearish arrangement. The price is below both the short-term and long-term moving averages, and the moving average system is sloping downwards, indicating an overall weak market. However, the price is currently close to the strong support level of 92922.8, forming a key technical observation point. Although the Candlestick pattern shows a bullish engulfing pattern, which may indicate a reversal signal, the low Trading Volume weakens the effectiveness of this signal, and attention should be paid to the subsequent volume-price relationship to confirm the market direction. Given that the current market is in a downtrend and the price is close to the strong support level of 92922.8, it may maintain a consolidation pattern in the short term. The low Trading Volume weakens the effectiveness of the reversal signal; therefore, adopting a high sell strategy near the resistance level aligns with a comprehensive judgment of the technical indicators and market sentiment. Little Horse's operation suggestion:


BTC: short around 95500-96000, target around 94000-93000
ETH: Short positions around 3200-3220, targeting the support level near 3120-3050 #SEC与CFTC恢复运作 #广场发币瓜分千U奖池 #比特币行情观察
BTC-0,29%
ETH-0,97%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)