11.14 Morning Market Analysis and Strategy

Bottom fishing! Bottom fishing! Bottom fishing!

BTC fell by 3.12% during the day, ETH fell by 7.28%, both showing "sharp drop with increased volume + deviation from short-term moving averages"; the 1-hour RSI dropped to 35 and 28 respectively, entering the oversold area; the perpetual futures funding rate turned negative, and short-selling sentiment is approaching a phase of peak release.
#BTC fell from a high of 107473 to around 98000, with a pullback of about 8.3%, close to the average pullback of previous corrections; currently, the price is significantly deviated from the 20-day moving average, indicating a technical rebound demand.
#ETH fell from a high of 3658 to 3176, with a pullback of about 13.2%, far exceeding the pullback of BTC, indicating stronger recovery momentum from overselling; additionally, the ETH/BTC exchange rate has dropped to 0.032, gradually highlighting cost-effectiveness.

Operation Strategy:
$BTC 98000-98500 range bottom fishing, aiming for 101500, break out looking towards 103000-104000
$ETH 3150-3170 range bottom fishing, aiming for 3280, break out looking towards 3350
#币安合约时盘 #币安合约跟单 #抄底了