11.13 Friday Evening: Latest BTC/ETH Analysis
Has Bitcoin stopped falling for now? Holding above 69,000 can be considered a temporary pause in the decline. After plunging straight down to a low of 67,449, Bitcoin formed a bullish engulfing pattern, suggesting there is demand for a rebound at present. However, the rebound is clearly weak, with low trading volume and no signs of large-scale capital inflows. It is more likely a natural bounce caused by short sellers taking profits. Without supporting capital inflows, this kind of rebound is unlikely to go far.
Ethereum is generally weaker and has erased all of its previous gains. The first resistance above is at 1,955. It will only stop falling and rebound after breaking above and holding 1,955; a move back above 2,000 would be needed for a smoother advance.
Like Bitcoin, it is currently seeing a low-volume rebound. If it cannot break above 1,955, it is unlikely to rise much, and may continue consolidating in the 1,910–1,955 range. It could retest the previous low at any time, and 1,893 is not a strong support level, so there is a high probability it will be broken.
As for trading, if you did not open long positions at lower levels, it is better to wait for a rebound and focus on opening short positions at higher levels. If you are already in a long position, treat it as a chance to capture a small rebound; do not hold out for too much. Exit at the target and manage your position size carefully.
Bitcoin: Look to open shorts near 69,800 if resistance holds; targets: 68,400 → 67,700
Ethereum: Look to open shorts near 1,985 if resistance holds; targets: 1,910 → 1,860
$BTC
$ETH
$XAU
#加密美股齐跌，下轮反弹的驱动力在哪？
Has Bitcoin stopped falling for now? Holding above 69,000 can be considered a temporary pause in the decline. After plunging straight down to a low of 67,449, Bitcoin formed a bullish engulfing pattern, suggesting there is demand for a rebound at present. However, the rebound is clearly weak, with low trading volume and no signs of large-scale capital inflows. It is more likely a natural bounce caused by short sellers taking profits. Without supporting capital inflows, this kind of rebound is unlikely to go far.
Ethereum is generally weaker and has erased all of its previous gains. The first resistance above is at 1,955. It will only stop falling and rebound after breaking above and holding 1,955; a move back above 2,000 would be needed for a smoother advance.
Like Bitcoin, it is currently seeing a low-volume rebound. If it cannot break above 1,955, it is unlikely to rise much, and may continue consolidating in the 1,910–1,955 range. It could retest the previous low at any time, and 1,893 is not a strong support level, so there is a high probability it will be broken.
As for trading, if you did not open long positions at lower levels, it is better to wait for a rebound and focus on opening short positions at higher levels. If you are already in a long position, treat it as a chance to capture a small rebound; do not hold out for too much. Exit at the target and manage your position size carefully.
Bitcoin: Look to open shorts near 69,800 if resistance holds; targets: 68,400 → 67,700
Ethereum: Look to open shorts near 1,985 if resistance holds; targets: 1,910 → 1,860
$BTC
$ETH
$XAU
#加密美股齐跌，下轮反弹的驱动力在哪？
