Good evening everyone, I am Xin Ya. It's been a long time since the last update. We caught the sharp drop in the past two days, Ethereum indicated a potential panic around 2060.

First, let's briefly review the recent market trends. On November 6th, Bitcoin mostly fluctuated between 75400-76200 with five movements, and during the day, it had three downward spikes in the afternoon and evening. Over the weekend, it also consolidated within that range. On November 9th at 5 AM, it spiked down from 75777 to 73333, almost a 2500 point drop, after clearing 210 million dollars of long positions, then tested the support level again. The subsequent tug-of-war was quite intense.

We can mark several divergence points through these confrontations: 75600, 74700, 73800, with the most intense confrontations happening at 74700, which has become a contested zone multiple times. Looking at the MACD, we can also see that it is a brief equilibrium point.

In the same timeframe, Ethereum's fluctuations concentrated in the 2220-2245 consolidation range. On November 9th at around 5 AM, it dropped sharply from 2225 to 2051, clearing 310 million in long positions all at once. The rebound process stopped at 2125 and then continued to spike to 2168 before turning around. In this segment, the volatility was stronger than Bitcoin, but the rebound strength was weaker, and the bearish momentum was stronger than the bullish. The divergence points synchronized with Bitcoin are marked at 2168, 2125, and 2085, with 2125 being a brief equilibrium point similar to 74700 in Bitcoin.

Comparing with the late August market, Ethereum broke below the second rally point of August 20th around 2102, while Bitcoin's benchmark is around 69500. The intensity of Bitcoin's drop is far less than Ethereum's, creating a contrast between the downward extension expectations and the maximum theoretical space for upward rebounds. This round of decline was also affected by news, and can be treated with consolidation in the short term.

Short-term Consolidation Focus
For Bitcoin, focus above on 75700, 76400
Focus below on 73800, 72500, 71200
For Ethereum, focus above on 2160, 2195
Focus below on 2085, 2048, 2005

High sell low buy, mainly focus on shorts, make segment moves during the tug-of-war, utilize the psychology of trapped positions to gain liquidity, take some segments first and then continue the trend. The important support positions below are 69500, 67200, while for Ethereum, they are 2058 and 1984. Currently, let's ignore them.

Volume, price, time, and space are unbeatable, aiming wherever it points. Synchronous movements, public account: Xin Ya Talks about Chan

The following is the live broadcast record from November 7th, waiting for the expansion, and then to the ai coin live broadcast.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。