#比特币波动性 November 23 record

Tomorrow is Monday, entering the fourth week of this month. Recently, the bulls and bears have been fiercely tearing at each other. I think there might be some action over the weekend—those major players or big holders who are stuck might take the opportunity to make some moves and pull off a recovery rally. After all, the selling pressure is light over the weekend, and the market's desire for technical recovery is quite strong.

The weekly chart has fallen for four consecutive weeks. This round of correction is different from before; the bottom may take a bit longer to settle, and we need to confirm repeatedly before it can truly rise. If there is a recovery on Sunday, we should first see if the 4-hour chart can break through with increased volume. If it can, there’s a chance to see an 8-hour level. But for now, we can only consider it a rebound; to really call it a reversal, we need to wait for confirmation on the daily chart.

**$BTC here**: Still in oscillation looking for a bottom, both longs and shorts have opportunities to profit. Right now, it's a consolidation pattern, with both sides wrestling at a critical position. When the rebound occurs, the trading volume hasn't picked up, indicating that the momentum is still insufficient. The 4-hour moving averages are showing a bearish arrangement, and the short-term weak signals are quite obvious. On a macro level, those uncertainties, combined with the recent poor performance of the tech sector in the U.S. stock market, may continue to suppress risk assets like BTC. Additionally, those high-leverage longs on exchanges may face liquidation at any time, and short-term volatility is likely unavoidable.
Support is at 84000 and 82000, with resistance around 86200.

**$ETH here**: Fluctuation correction, mainly following $BTC. After breaking below 3000 dollars on the daily chart, recently there have been multiple candlesticks with lower shadows around 2700, indicating that there are buyers supporting this level, but the moving average system is still in a bearish arrangement. The 4-hour MACD has shown a bullish divergence, suggesting that the downward momentum may be weakening, but we need to wait for the price to rise to confirm.
Support at 2700 and 2750, resistance around 2895.