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11.19 BTC ETH morning market analysis
Yesterday, Bitcoin quickly rose after testing the support level of 89200, reaching a high near 93700 where it encountered resistance. It is currently in a phase of range-bound consolidation.
From a technical perspective, the hourly trend is operating within the upper-middle band of the Bollinger Bands, with the MACD indicator's bullish momentum continuing to converge, indicating a weakening of short-term upward strength.
Operation Reference:
BTC: A rebound to the 92800-93500 range can be an opportunity to position short orders, with the initial target at the 91000 level. If it effectively breaks below this, we can continue to look towards the support around 89000.
ETH: Follow up with light short positions if it rebounds to the 3120-3160 range, targeting 3050, and if it breaks, further looking towards 2950.
#加密市场观察 $BTC