11.25 Tuesday evening Bitcoin Ethereum analysis

The market has been falling continuously, contrary to Old Wang's expectations. He broadcasted for two hours and finally waited for an opportunity, but it hasn't followed the predicted path, which is quite unfortunate. The morning session also saw some losses, which is quite frustrating...

The continuous decline is not due to news impact but simply because there was too much stretching last night, leading to the price being in an overbought state before the pullback. This is something Old Wang mentioned in the live stream, but he did not expect this pullback to last so long and for the decline to extend for such a period. The European session also did not provide a significant rebound.

From the current market perspective, the price has fallen from the upper Bollinger band to the middle band due to three consecutive bearish candles on the 4-hour chart, while the middle band support at around 86000 is observed for rebound strength. Technically, the upward trend has not changed; the indicators have merely fallen from the overbought zone to a stage of competition between bulls and bears. For the future market, we will continue to predict a strong opening for US stocks tonight! The pullback is almost at its strength, and it is now possible to position in advance!

Trading suggestion:

Bitcoin 86000-86500 long, targeting 89000

Ethereum can follow the Bitcoin trend and arrange long positions around 2860, targeting 3000$BTC #王建波