I don't want to elaborate too much; the article and what is said inside are very clear. The idea is provided before the U.S. stock market opens, and the overall market sentiment is bearish. However, the big players often catch people off guard. The structure in the four-hour chart is very clear, and the market will make a short-term rebound. The U.S. pre-market saw a decline, just reaching the entry point, so I decisively entered a long position.

On November 17th, after the market sentiment reached a freezing point, follow-up market analysis and operational suggestions

Hello everyone, I am Chen Dong! Today's market first declined and then rose: in the early morning, it collectively dropped, with Ethereum plunging from 3180 to 3001 (approaching the 3000 mark, with a maximum daily drop of nearly 170 points), and Bitcoin sliding from 95500 to 93000 (a drop of over 2000 points), short-term panic sentiment intensified; starting from the early session, a strong rebound occurred, with Ethereum stabilizing at 3070 and rising to 3200 (a rebound of nearly 130 points), and Bitcoin recovering to around 94000 and rising to 95500 (a rebound of nearly 1500 points); during the midday session, the upward trend continued, with Ethereum climbing from the support at 3167 to 3220 (another increase of nearly 50 points), and Bitcoin approaching 96000 from 94850 (midday increase of nearly 1100 points).

Bitcoin Technical Analysis

- Daily level: In an ABC correction wave cycle, the price precisely touches the theoretical target of A wave = C wave (orange line area), this support level stabilizing and oscillating for several days shows initial effectiveness, a breakthrough of the key pressure level (white line area) and increased volume is required to confirm the end of the correction wave.
- 4-hour level: After a second dip to the 94000 support level, a V-shaped rebound occurred, with a short-term core oscillation range of 94000-97000, a breakout may test the 100000 integer level, while a breakdown should focus on the 93500-92000 range for support strength.

Ethereum Technical Analysis

- 4-hour level: After reaching a new low, the lower track of the Bollinger Bands formed a stop-loss candle, rebounding to test the middle track resistance; the Bollinger Bands are narrowing, short-term moving averages are turning upwards, MACD has a low-position golden cross with increasing volume, KDJ golden cross momentum is strengthening, and the VR indicator is oscillating around 60, overall still in a low-position oscillation consolidation, the trend direction remains unclear.
- Daily level: The double sawtooth type correction wave starting from the yellow circle is nearing its end, having entered the "ultra-low price chip" range; the blue circle position is not at the bottom but close to it, with subsequent rebound space expected to exceed 600 dollars.

Short-term operational suggestions:

Bitcoin: Buy around 93200-93500, target: around 95500-96000

Ethereum: Buy around 3120-3100, target: around 3180-3200



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