11.18 Market Analysis

Good afternoon, last night I was very tired, after waking up in the morning, I took another nap. When I woke up, the three brothers were all near the third support level. Sol is relatively strong, in fact, I mentioned to everyone yesterday that the short-term resistance level is at 97000. Only by breaking through this position can we hope to continue upwards, but currently, an effective breakthrough has not been completed, and the structures across all cycles are still bearish.

Additionally, regarding market expectations after the 50-week average has fallen below, many believe that the daily level decline has ended, and there is hope for another surge by the end of the year. However, from the perspective of the weekly moving average structure, the current weekly decline has actually just begun.

Market Analysis for Today:
Pay attention to the position 91670 for Bitcoin today. It can only start to rebound on the hourly level if it stabilizes above this position. The upper pressure levels to watch are near 92176-93155-94946!
If the rebound cannot rise above 91670 today, it indicates that the rebound lacks strength, and it will continue to decline. Pay attention to the support levels around 89677-89000-87933!

Pay attention to the position of 3010 for Ethereum. Only if it stabilizes above this position, will the 1-hour level begin to rebound. The resistance above is near the positions of 3049-3076-3155!
If the rebound cannot rise above the 3010 position, it indicates that the rebound lacks strength. Continue to pay attention to the support levels below around 2943-2904-2866!

Pay attention to the position at 131 for SOL. As long as it does not drop below this level, we still anticipate a rebound at the 1-hour level. Watch for resistance around the positions 135-138-143!
If it breaks below the 131 level, then this small-level rebound will be over, and we will continue to fall. Pay attention to the support levels near 128-125-120! #逆势上涨币种推荐 #美联储会议纪要将公布 #比特币行情观察