On Double Eleven shopping day, looking at discounts, the trading market does not have the saying “lower price means better value.” Both BTC and ETH have experienced significant pullbacks after their recent highs: estimating from the local highs and lows indicated on the chart, BTC fell from about $81,188 to $72,691, a pullback of approximately 10.47%; ETH dropped from about $2,451.13 to $2,002.75, a pullback of approximately 18.29%. As of November 11 at 11:00, BTC was reported at about $73,723.2 while ETH was at about $2,061.50, both having slightly rebounded from their respective lows.
Based on how much lower the price is compared to a few days ago, it does seem like a discount; however, regarding whether the trend has stopped declining, the answer is not so simple. Both one-hour charts show that after a sharp drop, there are signs of a rebound, but the price is still far below previous highs, and the overall structure is still in a recovery phase after the decline. Considering low prices as cheap may easily overlook the possibility of prices continuing to drop; treating every decline as a bottom-fishing opportunity may also exhaust positions too early.
First, look at the facts: The pullback is significant, the rebound has just begun
The BTC chart marks the phase high around $81,188 and the phase low around $72,691. After hitting the low, the price has pulled back, currently around $73,700, but the area around $74,300—$75,250 can be observed as a nearby resistance zone on the chart, with further upward movement towards about $76,200 being a previous fluctuation zone. Whether the price can gradually reclaim these areas is more indicative of whether the recovery is continuing than just “how much it has dropped today.”
The ETH chart marks the phase high around $2,451.13 and the phase low around $2,002.75. Currently around $2,061.50, it is still at the early stage of a low-level rebound. The area on the right side of the chart around $2,100—$2,155 can be observed as a nearby resistance observation area. If it can hold above this zone, the rebound structure will be more complete than currently; if it encounters resistance in this zone and drops back to around $2,048 or even re-tests the low of $2,003, it indicates that selling pressure has not yet subsided. The mentioned price levels are merely observable zones in the screenshot, not confirmed support or resistance, and do not constitute trading instructions.
This means that the most critical thing in the short term is not to guess “has the lowest point been reached,” but to observe whether the low can be held, whether a higher low can be formed in the rebound, and whether the price can reclaim the lost areas during the decline. If the rebound can only sustain a few candlesticks and then again breaks through the newly formed lows, the so-called “discount” may continue to widen.
MACD shows signs of recovery but does not equal trend reversal
The MACD values for BTC are approximately DIF -260.7, DEA -302.7, and histogram 84.1; for ETH, DIF is approximately -15.89, DEA -19.59, and histogram approximately 7.40. Both DIF and DEA remain below the zero line, but the histogram has turned positive, reflecting a reduction in short-term downward momentum compared to before, indicating low-level recovery signals.
It is essential to distinguish between “histogram turning positive” and “trend turning bullish.” Since DIF and DEA are still negative, it shows that the indicators are still in the repair area below the zero line; if the prices cannot sustain the rebound, the MACD histogram may weaken again. In the current market context, MACD is more like an auxiliary evidence indicating that selling pressure has temporarily eased; whether it stabilizes still needs confirmation from price structure, trading performance, and subsequent pullbacks.
The “discount” of BTC and ETH is different: volatility, pace, and risk are all different
Based on local wave calculations, the pullback range of ETH from high to low is greater than that of BTC. This indicates that ETH has experienced more volatile fluctuations within the selected time frame; it does not mean that ETH is necessarily more worth buying just because it has dropped more, nor does it guarantee that it will rebound faster than BTC. High volatility can result in larger rebound space but may also lead to deeper declines and greater position fluctuations.
More importantly, both charts show low-level consolidation or slight rebounds after a sharp decline, rather than a clear breakout of the downward structure. If BTC stabilizes first while ETH remains weak, it may reflect relative strength differences between the assets; if both recover near resistance simultaneously and hold during pullbacks, the overall credibility of the recovery will increase.
Bottom-fishing on Double Eleven is more suitable for conditional splitting than for making a single bet
Confronted with a substantial pullback, traders can break their plans into three steps: “observe—confirm—execute.” The observation phase documents key lows and rebound resistances; the confirmation phase waits for prices to hold the lows, reclaim nearby areas, or show successive higher lows; and the execution phase then participates in batches according to pre-set position sizes and risk limits. The aim of this approach is not to guarantee hitting the lowest point but to avoid a one-time bet on an unverifiable guess.
If the low is effectively broken and cannot be quickly reclaimed, the original bottom-fishing logic should be paused or reassessed; if the rebound continues and breaks through nearby resistance, then the direction can be re-evaluated based on personal plans. Setting in advance when to acknowledge a judgment failure is more important than explaining why a stop loss was not executed afterwards. Double Eleven is merely a promotional milestone on the calendar and will not automatically alter market supply and demand, nor does it constitute a trading signal.
Multiple account ordering: After planning is clarified, let multiple accounts execute at the same pace
When traders have formulated a plan for phased participation, reducing positions, or hedging, and need to execute across multiple accounts, switching between accounts, repeatedly selecting trading pairs, and entering quantities for each account can increase operational time and easily lead to errors in account selection or order quantities. The value of AiCoin's multiple account ordering is to consolidate multiple API accounts into a single order process, reducing the need for repeated switching, and executing in sync according to pre-set proportions.
Follow mode is suitable for first entering a base order quantity, then allowing other accounts to follow according to their respective settings of ratios or multiples. If the BTC and ETH related plans need execution across multiple accounts but each account varies in scale, the following ratios can be set in advance to reduce repetitive calculations during trading.
Split account mode is more suitable for first determining the total order quantity across multiple accounts and then allocating it according to ratios to different accounts. If traders wish to control the total volume for this time before deciding the shares each account will bear, split account mode will be more intuitive. Briefly distinguishing: follow mode focuses on how accounts follow the base quantity; split account mode focuses on how the total volume is divided.
Steps for multiple account ordering
- Enable "multiple account ordering" in the AiCoin order panel.
- Select the API accounts involved in this plan and confirm their identity, exchange, and authorization status.
- Choose follow mode or split account according to the plan, and set the ratios or multiples for each account. Cross-check against balances, existing positions, and risk limits respectively, and do not assume all accounts have the same conditions.
- Confirm the trading pairs, direction, order type, and order quantity, then submit the order. Personal strategies can be applied to handle BTC and ETH separately to avoid mechanically replicating the same position due to both declining.
- After submission, check the order status of each account, actual transaction prices, positions, and overall risk exposure. Handle subsequent change orders, cancellations, stop losses, or position reductions according to pre-set conditions; simultaneous operations do not guarantee identical transaction prices across different accounts. Features such as bulk cancellations depend on the current client, exchange support, and account permissions.
Multiple account ordering enhances execution efficiency and account synergy but does not decide for users whether BTC and ETH have already bottomed out, nor does it reduce market risk. Multiple accounts participating in the same direction may collectively amplify overall risk; therefore, it is essential to first control the cumulative position and then decide how to allocate it among accounts.
Conclusion: There is a pullback, but not necessarily “cheap”; there is a rebound, but it is yet to be confirmed
This one-hour chart tells us that BTC and ETH have shown significant pullbacks from their recent local highs and have had slight rebounds after recent lows; the MACD histogram turning positive suggests a mild easing of short-term downward momentum. However, both cryptocurrencies are still in the process of recovery after a decline, and the indicators have not provided sufficient evidence to confirm a trend reversal.
Therefore, the “discount” on Double Eleven should not replace analytical conclusions. What is truly worth waiting for are verifiable signals such as price holding above the lows, improvements in the rebound structure, and reclaiming of nearby resistances. Wait until the plans are clear, and then use AiCoin's multiple account ordering to execute in synchronization through follow or split account modes.
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