11.23 Chuze Midday Analysis



Reviewing yesterday’s Bitcoin market, Bitcoin experienced wide fluctuations, reaching a high of 85,000 and a low of 82,000. The volatility was significant, and the direction between bulls and bears remained uncertain.

However, today the price has been climbing steadily with strong rebound momentum. From a technical perspective on the 4-hour chart, bulls are still in control, and although there has been a three-consecutive bullish candle rebound pattern recently, the momentum is weakening. In the short term, the market has a need for a pullback, so the strategy remains to short at highs and long at lows.

Bitcoin: Short at 86,700-88,000, target 83,000-84,000
Ethereum: Short at 2,850-2,930, target 2,630-2,730
#美联储会议纪要将公布
BTC-0,78%
ETH1,47%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)