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Morning market analysis on 11.13
Operation idea reference:
Bitcoin: You can consider positioning long orders in the range of 101050-101350, with an initial upward target of 103300, and further attention can be paid to the resistance near 104550.
Second pancake: It is recommended to look for long positions in the 3370-3450 area, with a target upwards of 3470. If it breaks through, it can continue to be seen around 3550.
Reviewing the market trends from Thursday morning, after the U.S. stock market opened on Wednesday, the market experienced a one-sided downward wave, with Bitcoin hitting a low around 100813 before stabilizing and recovering. Ethereum, on the other hand, touched a low of 3370 before starting to rebound. After this strong pullback, the market entered a range-bound consolidation mode in the early morning, with overall volatility narrowing, and both bulls and bears temporarily caught in a tug-of-war.
From the current market perspective, a rebound trend has initially emerged. On the 4-hour cycle chart, there have been multiple occurrences of candlestick patterns with long lower shadows near the key support area. This signal clearly highlights the strong buying power below—whenever the price pulls back to the support near the lower Bollinger Band, bulls actively step in to support the market, driving prices to stabilize and rise quickly. This repeated testing of support without effectively breaking down validates the effectiveness of the support level below. Therefore, in the early hours of Thursday and during the day, a bullish continuation of the upward momentum should be the focus.
#今日你看涨还是看跌?
$BTC $GT $ETH