November 15 BTC/ETH Market Analysis
The market has experienced a waterfall-like plunge this evening, decisively breaking below the previous consolidation range. BTC dipped as low as 65,039, while ETH plunged to around 1,814. The moving averages are extremely widely spread in a bearish alignment, the Bollinger Bands have widened sharply, and the price is hugging the lower band. Bearish momentum is exceptionally strong. This is a typical one-way, extremely weak trend, and any rebound is an opportunity to enter short positions.
BTC:
Short near 65,800–66,400 on a rebound, with a stop-loss at 67,000 (above the lower boundary of the previous consolidation platform). Target 63,200–63,600 (with further downside possible).
ETH:
Short near 1,840–1,860 on a rebound, with a stop-loss at 1,880 (above the intraday rebound high). Target 1,750–1,770.
$BTC #BTC走势分析 #Ethereum $ETH
The market has experienced a waterfall-like plunge this evening, decisively breaking below the previous consolidation range. BTC dipped as low as 65,039, while ETH plunged to around 1,814. The moving averages are extremely widely spread in a bearish alignment, the Bollinger Bands have widened sharply, and the price is hugging the lower band. Bearish momentum is exceptionally strong. This is a typical one-way, extremely weak trend, and any rebound is an opportunity to enter short positions.
BTC:
Short near 65,800–66,400 on a rebound, with a stop-loss at 67,000 (above the lower boundary of the previous consolidation platform). Target 63,200–63,600 (with further downside possible).
ETH:
Short near 1,840–1,860 on a rebound, with a stop-loss at 1,880 (above the intraday rebound high). Target 1,750–1,770.
$BTC #BTC走势分析 #Ethereum $ETH
