陈桂林|11月 09, 2026 01:13
1. A while ago, BTC was ridiculously strong, and I thought it wouldn't retrace to the daily SMA200 moving average. Unexpectedly, it did (Figure 1).
Now Bitcoin has reached a key support/resistance level:
1. The SMA200 moving average price today is 73153;
2. The 0.5 Fibonacci retracement level of the upward move from 57 to 87 is 72581.
If Bitcoin breaks below this level, it will objectively weaken.
2. As for Ethereum (ETH), I feel it's a monster, it really deserves to be cursed (Figure 2).
2100-2800 is the intermediate consolidation zone; below 2100 is a bear market, above 2800 is a bull market.
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