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Market analysis on November 19th, the current view on Bitcoin remains unchanged, waiting to see the strength of a potential upward surge.

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五柳先生
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1 year ago
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Currently, the market hasn't changed much, but we can still see a lack of downward momentum, with little room for decline. If it doesn't drop significantly here, the probability of another upward surge will be very high. After another surge, we can consider whether to take a 4-hour level pullback.

BTC

Due to the rapid changes in the market, this article can only make predictions based on the market conditions at the time of publication. Short-term players should pay attention to the latest market changes, which should only be taken as a reference.

1H:

At the 1-hour level, the consolidation center continues to look bullish, with the target above focusing on around 95,000. Regarding the current overall trend, everyone hopes for a pullback to around 80,000 or 78,000, but there is a certain probability that it won't provide a significant pullback and will instead continue to extend upward. If Bitcoin is to undergo a 4-hour pullback in the future, it must first break below 86,000 for further confirmation.

15M:

At the 15-minute level, there has been continuous fluctuation throughout the day, and currently, a 15-minute consolidation center has formed. Tonight, we will observe whether Bitcoin can make another push above 93,200. If it falls below 89,500 again, we will look for a 1-hour level pullback.

ETH

The consolidation for Ethereum should be nearing its end. If it breaks above 3,221, it should be able to reach above 3,450. Currently, I still lean towards Ethereum making a supplementary rise to around 3,700. Be patient and definitely do not short Ethereum.

Trend Direction

Weekly Level: Direction is upward, currently undergoing a new weekly uptrend, with an overall target looking at over 100,000.

Daily Level: Direction is upward, looking to see if it will break 100,000.

4-Hour Level: Direction is upward, with attention on 95,000 above.

1-Hour Level: Consolidation, short-term leaning towards a 1-hour consolidation center, after which it will continue to push towards 95,000.

15-Minute Level: Direction is upward; we will only consider continuing the pullback if it falls below 89,500 again.

Feel free to follow my public account for discussions and exchanges:

The article is time-sensitive, please pay attention to risks. The views expressed are personal suggestions and for reference only!

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Selected Articles by 五柳先生

1 year ago
Market analysis on December 10th: The correction of Bitcoin at the 4-hour level has not yet ended, so be patient and wait.
1 year ago
On the 12th, market analysis showed that Bitcoin broke through $100,000. Is everyone making money?
1 year ago
Market analysis on December 2nd: Pay attention to the strength of the short-term 1-hour level rebound for Bitcoin. If it cannot break through, be cautious of a pullback.
View More

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