$BTC 11.25 Midday Thoughts and Suggestions
Yesterday, the market fluctuated back and forth, like a turn-based game. In the evening, the price of Bitcoin dropped to around 85200, and then rebounded with bottom support, continuously closing in the green on an hourly basis, breaking through the 89000 level. Ether is also nearing the 3000 position. Recently, pay attention to the fluctuations in the market, just be cautious with the spikes, and there’s no need to overthink it. To be honest, sometimes overthinking can lead to problems, so when it's time to be decisive, don’t hesitate.
Currently, in the short term, we are still more inclined towards a bullish structure. On the hourly level, the mid-band of the Bollinger Bands is currently flatter compared to earlier, but in terms of volume, the market is not showing significant growth, so the current pullback is a normal correction phase. Next, let’s observe the support situation near the mid-band. For Bitcoin, pay attention to the 86700-86400 range; if it dips to this range, wait for stabilization or a clear breakout before making further decisions. For Ether, pay attention to the 2860-2830 range. In the short term, we are bullish, so manage your risk well!
Suggestions:
Bitcoin around 86800 bullish, target around 89500,
Ether around 2870 bullish, target around 3000
