BTC Market Analysis on the Evening of November 17
BTC rebounded after a daytime pullback to the 92900 level, peaking in the evening around 95980, showing a weak rebound pattern in the short term. Although the price has warmed up, the net capital outflow throughout the day still reached 630 million USD, and the selling pressure above has not diminished. The overall trend is in the recovery phase following a previous significant decline and has not yet formed an effective reversal pattern.
From the daily perspective, the K-line is still operating near the lower band of the Bollinger Bands, with insufficient repair strength; although the MACD green bars have shortened, the low-level bearish trend remains unchanged; the RSI is oscillating in a weak zone. The daily structure still leans bearish, merely transitioning from an oversold state to a weak rebound stage.
On the 4-hour level, after a continuous decline, two bullish reversal candles have appeared, and the trend remains within a downward channel; the key resistance level is near the middle band of the Bollinger Bands above; the MACD has formed a golden cross below the zero axis, but the volume performance is relatively weak, indicating a technical rebound after a decline, with limited rebound space. On the 15-minute level, bulls are making a short-term effort, oscillating upward after breaking through the middle band; the KDJ is in a high-level stagnation state, indicating a short-term need for a pullback; if the 96000–96300 range cannot be broken, bullish momentum is difficult to be strong, and while the short-term oscillation is slightly strong, the overall structure is still a rebound.
Resistance levels: 96300, 97500
Support levels: 94500, 93000
Operation Suggestions
Short selling strategy: can be arranged in the range of 96300–97200
Target levels: 94500, 93500
If the price stabilizes in the 94500–95000 range, you can take a short-term long position, aiming for 96200, with a stop loss set at 93800.
#今日你看涨还是看跌?
$BTC $ETH $XRP