11.18 Market Analysis: Bitcoin needs to pull back in the short term, focus on the 87800 level.

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丁君羡
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1 month ago

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BTC: Although a small bullish candle was formed on the weekly chart, it is evident that the rebound strength is weakening. After all, there hasn't been a significant pullback during this rebound. On the hourly chart, a engulfing candlestick pattern has formed, and the price is currently retracing. The minor support is around the 89000 level; if it breaks below, there is a high probability of testing the support at 87800.

ETH: The downward structure is quite clear, and it is likely to pull back tonight. Pay attention to the support area around 3000.

SOL: It remains strong, with the overall structure in an upward trend. As long as it holds above the 230 level, it is still in a bullish trend.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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