Currently, the market has shifted from consecutive weekly gains to consecutive weekly losses, leading to increased volatility. It is still difficult to determine whether this is a trend reversal or a continuation of the adjustment. The daily chart has shown signs of halting the decline, but we need to wait for a clear bullish signal before confidently moving forward. The hourly chart is oscillating below the middle track. After the 101000 position received support and stabilized, a rebound was initiated, gradually recovering the space below. The market mostly shows an oscillating pattern, with one-sided trends being rare; it is not guaranteed that a bull market will rise or a bear market will fall. Today's operational strategy is primarily focused on buying on retracement. Operation Suggestions: The big pancake is around 101300-101800, with a target looking up to around 103500-104000. The target area is around 3370-3400, with a goal looking up to around 3550-3600 #CoinDesk11月报告Gate战绩来袭 $BTC $ETH .
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Market Analysis for 11.13
Currently, the market has shifted from consecutive weekly gains to consecutive weekly losses, leading to increased volatility. It is still difficult to determine whether this is a trend reversal or a continuation of the adjustment. The daily chart has shown signs of halting the decline, but we need to wait for a clear bullish signal before confidently moving forward.
The hourly chart is oscillating below the middle track. After the 101000 position received support and stabilized, a rebound was initiated, gradually recovering the space below. The market mostly shows an oscillating pattern, with one-sided trends being rare; it is not guaranteed that a bull market will rise or a bear market will fall. Today's operational strategy is primarily focused on buying on retracement.
Operation Suggestions:
The big pancake is around 101300-101800, with a target looking up to around 103500-104000.
The target area is around 3370-3400, with a goal looking up to around 3550-3600 #CoinDesk11月报告Gate战绩来袭 $BTC $ETH .