Market Strategy for the Cryptocurrency Sector in the Early Hours of November 11
1. Core Viewpoint: Both major cryptocurrencies are in a bearish pattern, pressured by moving averages, volume-price divergence, and weak MACD. The rebound is weak; it is advisable to short on rallies. If key support levels are broken, the downside space will open further.
Bitcoin 2. Entry Range: Enter at the resistance zone of 91200-92000 3. Target Range: Initially watch 89600-88400; if support is broken, the target extends downward 4. Stop-loss Reference: Above 92500
Ethereum 2. Entry Range: Enter at the resistance zone of 3110-3135 3. Target Range: Initially watch 3050-3020; if support at 3075 is broken, the target extends downward 4. Stop-loss Reference: Above 3160
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Market Strategy for the Cryptocurrency Sector in the Early Hours of November 11
1. Core Viewpoint: Both major cryptocurrencies are in a bearish pattern, pressured by moving averages, volume-price divergence, and weak MACD. The rebound is weak; it is advisable to short on rallies. If key support levels are broken, the downside space will open further.
Bitcoin
2. Entry Range: Enter at the resistance zone of 91200-92000
3. Target Range: Initially watch 89600-88400; if support is broken, the target extends downward
4. Stop-loss Reference: Above 92500
Ethereum
2. Entry Range: Enter at the resistance zone of 3110-3135
3. Target Range: Initially watch 3050-3020; if support at 3075 is broken, the target extends downward
4. Stop-loss Reference: Above 3160