11.10 Midday Market Analysis

Based on the current market situation, the trend shows a continuous upward movement with consecutive bullish candles, indicating that buying momentum is gradually accumulating. The overall trend is a slow recovery, with the index steadily climbing along the 5-day moving average. Trading volume has mildly increased in conjunction with rising prices. The MACD indicator has formed a golden cross below the zero line and continues to diverge upward, suggesting that short-term market sentiment is shifting from bearish to bullish. The Bollinger Bands, which previously showed a clear opening and divergence downward, are gradually transitioning into a converging, parallel three-line trend. Currently, the price has successfully broken above the middle band. From a technical perspective, if the price can effectively break through the upper band resistance and trading volume further increases, it could open up a new upward space, maintaining a bullish outlook today.

For Bitcoin around 105,000, consider going long with targets at 107,000-107,500;
For Ethereum between 3,540-3,600, consider going long with a target at 3,700. $BTC $ETH $ETH #广场发币瓜分千U奖池