11.18 Morning BTC ETH Analysis


The 4-hour level shows a downward trend. Although the technical indicators suggest that market momentum has slowed down, the overall situation remains weak. The price is approaching the key support level at 91173, and the risk of breaking below this level needs to be taken seriously. In terms of technical patterns, the bearish engulfing candle and the bearish arrangement of moving averages resonate with each other, further intensifying the downward pressure. However, the current price is already in the oversold range, and the trading volume has shrunk significantly. In the short term, a rebound cannot be ruled out, but the expected rebound space is relatively limited.
Operational Recommendations:
BTC can be traded around 92000-93000, looking down at the 90000 level, if it breaks, look at around 89000.
ETH can be consolidated around 3100, looking down at around 2950, breaking below looks at around 2800.
ETH-1,7%
BTC-1,76%
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