11.20 Market Analysis: Bitcoin Hits New Highs, Beware of Daily Level Pullbacks

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丁君羡
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1 month ago

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  BTC: Although Bitcoin has been making consecutive gains on the daily chart and continuously refreshing its highs, this position is characterized by a rise on low volume. There is no need to blindly chase after it at this level; if a pullback occurs later, it could be significant. On the hourly chart, the trend remains one of oscillating upward movement, with a probability of continuing to rise in the evening. Strong resistance is between 94,500 and 95,000.

ETH: It is relatively weaker, with a double top resistance zone around 3,220. Without breaking through this level, it will be difficult to see much upward movement in the future, with strong support around 3,000.

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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