November 12 BTC/ETH Evening Market Analysis
After a sharp drop (BTC low: 72691 / ETH low: 2012), the market is currently undergoing a weak recovery at lower levels. The moving-average system overhead is exerting clear bearish pressure, the Bollinger Bands are widening downward, and bullish rebound momentum is lacking. The firm strategy for tonight is to follow the trend and sell into rebounds, while guarding against a second bottom test. Do not blindly try to catch the bottom.
BTC:
Sell short on a rebound to around 73400-74000, with a stop loss at 74500 and a target around 70800-71200.
ETH:
Sell short on a rebound to around 2045-2075, with a stop loss at 2090 and a target around 1920-1950.
#BTC☀ #BTC🔥🔥🔥🔥🔥 $BTC
After a sharp drop (BTC low: 72691 / ETH low: 2012), the market is currently undergoing a weak recovery at lower levels. The moving-average system overhead is exerting clear bearish pressure, the Bollinger Bands are widening downward, and bullish rebound momentum is lacking. The firm strategy for tonight is to follow the trend and sell into rebounds, while guarding against a second bottom test. Do not blindly try to catch the bottom.
BTC:
Sell short on a rebound to around 73400-74000, with a stop loss at 74500 and a target around 70800-71200.
ETH:
Sell short on a rebound to around 2045-2075, with a stop loss at 2090 and a target around 1920-1950.
#BTC☀ #BTC🔥🔥🔥🔥🔥 $BTC
