#BTC 11.14 midday Bitcoin Ethereum market analysis and trading suggestions

Although the current market has experienced a deep correction, it is showing positive bottoming signals and rebound potential. The daily line closed near the lower Bollinger Band, but the lower Bollinger Band itself is an important support area. Historical experience shows that when the price touches the lower band, it often triggers a technical rebound. The sharp drop in the early morning did refresh the low point, but it further released bearish momentum. After the market quickly cleared floating positions, it actually created a healthier space for the bulls to counterattack. Guan Zhu Gong Zhong Hao Sheng Dong speaks about trends.

It is worth noting that during yesterday's decline of nearly 7000 points, the bulls made several small rebounds, indicating that the support strength below is gradually increasing. This type of resistance-based decline is an important characteristic of the market forming a bottom—bearish strength is continuously being consumed, while bullish strength is quietly accumulating. After three consecutive bearish candles on the four-hour chart, the downward momentum has clearly weakened, further confirming that a short-term oversold state is forming, and the market needs to consolidate to repair the extremely deviated technical indicators.

From a cyclical perspective, the consolidation phase after a significant decline is often a prelude to a trend reversal. The current price has entered the value range, and opportunities for medium to long-term positioning are gradually emerging. The market will not always decline unilaterally; every deep squat is aimed at a better jump. Beneath the seemingly dominant bearish trend, the seeds of the bulls are quietly sprouting.
Short-term operations can seize low-buying opportunities amidst fluctuations, focusing on the stabilization signals at key support levels. Hope is always born out of despair in the market, and the current situation is the most promising moment before dawn—patiently wait for the sunlight to break through the clouds.

At midday, you can go long on Bitcoin near 98500, aiming for 101500.
You can go long on Ether around 3200 at midday, with a target of 33000 #CoinDesk10月Gate战绩来袭 .