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November 22 Market Analysis by Lao Biao
Today is the weekend, so there is a high probability that the market will not have much liquidity, and sideways consolidation will be the main trend. Currently, the mainstream trend is still bearish, and the market panic will not be digested so quickly. It may really take until the end of next week, combined with a rate cut at the end of the month, before we see a decent rebound… If you have a position and want to participate in spot trading, you can consider buying during a price dip or after a significant pullback, building your position in batches.
Today's operation suggestion: Mainly observe and wait
ETH first support level: 2710, second support level: 2660
First resistance level: 2783, second resistance level: 2830
Reminder: Personal advice is for reference only and does not constitute a basis for buying or selling. Trading carries risks—use stop-losses when placing orders.