11.18 Market Analysis: Bitcoin Bottom Not Confirmed, Short-term is Big Drop Small Rebound

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丁君羡
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1 hour ago

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BTC: The price of Bitcoin today briefly fell below the 90,000 mark during the day, experiencing seven consecutive daily declines, and is still under the influence of panic selling. Although it has recovered to above 91,000 in the short term, attention should be paid to the minor resistance level at 92,400 in the evening; a close above this level would indicate a potential rebound, with strong resistance in the area of 94,000.

ETH: In the short term, there are signs of a rebound and a halt in the decline, but it has already broken below the ascending channel. A weak rebound may occur in the short term, and the focus in the evening should be on whether the minor resistance area at 3,150 can stabilize; otherwise, a second bottom test may still take place.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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