#美国政府运作中断 11.5 Morning Bitcoin and Ether Market Analysis

The sharp decline in the early hours saw Bitcoin directly break below the 100,000 mark, with a low dip around 98,800, and Ether also plunged along with it. Honestly, the bears are coming in strong this time. Although the price slightly recovered afterward, I personally view this as a technical correction after an oversold condition, and a true reversal is still far off.

Why do I say that? The daily chart's large bearish candle has already opened up the pattern, and the 4-hour timeframe also shows continuous bearish lines downward, indicating that the selling force is still actively releasing. Without clear signs of stabilization or a stop in the decline, rushing to buy the dip is too risky. So today’s strategy remains to rebound and look for shorting opportunities.

Specific trading plan:

$BTC Keep an eye on the resistance levels at 101,500 and 102,100. If the price rebounds but cannot stabilize above these levels, consider a light position to short, with the first support at 98,000.

$ETH Pay close attention to the 3,300 level. If the rebound reaches this point and encounters resistance and then falls back, you can follow up with a short position targeting 3,150, and further down around 3,050. $GIGGLE