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To Li: BTC/ETH operations and analysis on November 5th afternoon
On the 4-hour chart, Bitcoin shows that after three consecutive bearish candles, it has formed two consecutive bullish candles, indicating a potential rebound. However, the following bearish candle indicates limited upward momentum, making this a typical weak rebound pattern. At the same time, the downward trend of the Bollinger Bands intensifies the speed of the decline. The underwater golden cross pattern of the MACD continues, and the sustained increase in red bars shows that sellers are significantly more active than buyers in the market. Even if the KDJ lines form a golden cross in the 20-50 range, the lack of external support for the market makes it difficult to change the overall downward trend. In summary, it is recommended to continue with a cautious approach in the afternoon operations!
Big pie 101900-102400 can be focused near 100000
Two cakes 3350-3380 can be touched Pay attention to around 3180 #BTC #ETH