11.18 Market Analysis

After reaching support in the early morning, the market trend touched around 37,000 points. It has been in a high and volatile trend, with the market fluctuating by a thousand points in the early morning. But it did not remain stable. It fell continuously in the evening, with the lowest point reaching the 35400 area. Then it rebounded above 36,000 and showed a trend of concussive correction.

From the technical structure point of view, the 1-hour Bollinger Bands extend in parallel, and the trend is oscillating, running near the middle track. The downward trend is supported by the lower track and rebounds, and the rise is suppressed by the pressure of the upper track.

On the four-hour chart, the market has been fluctuating around the middle track, without making much of a breakthrough, while the Bollinger Bands have risen below the track. The macd double line is below the 0 axis and is about to bond with the gold fork. The currency price continues to fluctuate around the middle track, and the three moving average lines intersect in a roundabout way and are developing upward. However, as the volume of short positions gradually shrinks at this stage, the situation of long positions will still continue at the small cycle level.

Big pie: more around 36100-36200, target 36800.

Ethereum: More around 1915-1925, target 1980.