November 19 BTC/ETH Analysis:

Four consecutive bullish candles in four hours, is the bull back?

Overall, the panic selling sentiment in the market has明显的缓解. Last night, BlackRock deposited a total of 470 million in BTC and ETH to Coinbase, accompanied by a low opening and high closing in the U.S. market, where market prices once showed varying degrees of rebound. From a technical perspective, this round of increase belongs to an oversold rebound. Be cautious of institutions driving sentiment during the day and then withdrawing to sell off in the evening for profit-taking. A rebound exists, but it does not equate to a reversal!

BTC
The short-term price broke through and rebounded above the average line, forming a bullish engulfing pattern, but the trading volume has shrunk. The long-term moving averages are still in a downward arrangement. The daytime market is likely in a state of consolidation. If it can break through and stabilize above 9042, it could drive a four-hour rebound. Consider trying a light position at 9080.

Around the 9340-9380 range, target below 9240-9080 looks at 8900.

ETH
Around the range of 3129-3149, the target is to watch for a break below 3092-3033, looking down to 2984.

Short-term trading is flexible and variable, with defense determined based on the actual situation of one's position #BTC #ETH