🫏Nov. 12 Midday Market Outlook.🫏
$BTC View:
Bitcoin’s price action is truly awful—there’s no follow-through at all after even a slight rise. BTC rebounded and broke above 74000, but was blocked by resistance at 74800 and couldn’t extend the rebound. It has now pulled back. Everyone, look at the red arrow above: how many times has 74800 been tested? I’ve lost count. If BTC can’t break through 74800, it can’t extend the rebound. There’s also no positive news specifically supporting BTC, so it looks helpless, isolated, and directionless. When a resistance level has been tested repeatedly without a breakout, it’s now very difficult for BTC to break through on its own. It needs a boost from positive external news; otherwise, it can only pull back. BTC is now trading below 74000 again. Next, we’ll see whether it can reclaim 74000. If it does, it will have another chance to challenge resistance at 74800. If it can’t reclaim 74000, then expect a second retest of the previous low at 72691! If it retests the previous low and holds, a potential double bottom may form. Those looking to go long BTC should watch for a bottom signal at the previous low of 72691, or wait for BTC to break above 74000 and then go long if it retests 74000 without falling below it. If BTC doesn’t break above 74800 or below 72691, expect it to consolidate within this range today! The choppy market is back.
Aggressive traders can go long on the right side if BTC breaks above 74000 on strong volume. If it breaks below 73360 on strong volume and the rebound fails to reclaim that level, go short on the right side. Use a stop-loss.
On the hourly chart, if BTC breaks above and holds 74000, look toward 74800–75568. If it can’t get above 74000, there’s no point.
On the 4-hour chart, if it breaks below 73360, look toward 72691–71268.
Resistance above: 74000–74800–75568
Support below: 73360–72691–71268
$ETH Outlook:
For ETH, go long on the right side if it breaks above 2058 on strong volume. Set a stop-loss.
If it breaks below 2047 on strong volume, go short on the right side. Use a stop-loss.
If it retests 2003 and confirms support is holding, go long with one unit.
Stop-loss if it breaks below 1956.
On the hourly chart, if ETH holds above 2058, look toward 2097–2146.
Watch for 2097 above ETH as a place to go short with one unit.
Stop-loss if it breaks above 2146.
Left-side limit orders: long at 1956; stop-loss if it breaks below 1900.
Resistance above: 2058–2097–2146
Support below: 2047–2003–1956
Please see the comments section.
$BTC
#Anthropic拒绝延期IPO，本周路演估值几何？
$BTC View:
Bitcoin’s price action is truly awful—there’s no follow-through at all after even a slight rise. BTC rebounded and broke above 74000, but was blocked by resistance at 74800 and couldn’t extend the rebound. It has now pulled back. Everyone, look at the red arrow above: how many times has 74800 been tested? I’ve lost count. If BTC can’t break through 74800, it can’t extend the rebound. There’s also no positive news specifically supporting BTC, so it looks helpless, isolated, and directionless. When a resistance level has been tested repeatedly without a breakout, it’s now very difficult for BTC to break through on its own. It needs a boost from positive external news; otherwise, it can only pull back. BTC is now trading below 74000 again. Next, we’ll see whether it can reclaim 74000. If it does, it will have another chance to challenge resistance at 74800. If it can’t reclaim 74000, then expect a second retest of the previous low at 72691! If it retests the previous low and holds, a potential double bottom may form. Those looking to go long BTC should watch for a bottom signal at the previous low of 72691, or wait for BTC to break above 74000 and then go long if it retests 74000 without falling below it. If BTC doesn’t break above 74800 or below 72691, expect it to consolidate within this range today! The choppy market is back.
Aggressive traders can go long on the right side if BTC breaks above 74000 on strong volume. If it breaks below 73360 on strong volume and the rebound fails to reclaim that level, go short on the right side. Use a stop-loss.
On the hourly chart, if BTC breaks above and holds 74000, look toward 74800–75568. If it can’t get above 74000, there’s no point.
On the 4-hour chart, if it breaks below 73360, look toward 72691–71268.
Resistance above: 74000–74800–75568
Support below: 73360–72691–71268
$ETH Outlook:
For ETH, go long on the right side if it breaks above 2058 on strong volume. Set a stop-loss.
If it breaks below 2047 on strong volume, go short on the right side. Use a stop-loss.
If it retests 2003 and confirms support is holding, go long with one unit.
Stop-loss if it breaks below 1956.
On the hourly chart, if ETH holds above 2058, look toward 2097–2146.
Watch for 2097 above ETH as a place to go short with one unit.
Stop-loss if it breaks above 2146.
Left-side limit orders: long at 1956; stop-loss if it breaks below 1900.
Resistance above: 2058–2097–2146
Support below: 2047–2003–1956
Please see the comments section.
$BTC
#Anthropic拒绝延期IPO，本周路演估值几何？
