November 16 Afternoon Outlook

From the current market perspective, Bitcoin's daily chart clearly shows a complete upward trend pattern of "gradually higher lows and continuously rising highs." The price is currently oscillating around the key resistance area of 97,000, which is precisely the typical accumulation phase before a breakout, further confirming the strong tone of the current market structure.

Note that there is no need to rush into the market; wait for the price to pull back to confirm the key support level before entering. For intraday operations, look for a pullback to take advantage of rebounds.

Trading Suggestions

Bitcoin: 94,500-95,500 for entry, target 96,500-99,000

Ethereum: 3,100-3,150 for entry, target 3,250-3,500

(Personal opinions are for reference only; everything is subject to actual trading conditions!)

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