#加密领域市场回调 Observing BTC/ETH Trends in the Early Hours of November 8th
Recently, BTC's movement has been quite interesting. A large bearish candle a few days ago scared many people, but the bulls held the pressure, and two consecutive days of bullish candles followed, pushing the price back up. Currently, the price has moved away from the frustrating consolidation zone at the bottom and is steadily advancing toward the middle band of the Bollinger Bands. Overall, signs of a recovery are becoming increasingly evident.
From a technical perspective, there are several noteworthy signals: MACD was hovering below the zero line for a while, but in the past couple of days, it has gained upward momentum. After the fast and slow lines experienced a golden cross, they started diverging upward, and the red histogram bars are gradually enlarging—this pattern usually indicates that the short-term upward trend has room to continue. Looking at RSI, it previously bottomed out in the oversold zone and quickly stabilized. Now, it has turned upward into the neutral zone, suggesting that buying pressure is gradually building, and the panic selling from earlier has been mostly digested.
Operational ideas to consider:
For BTC, look for long opportunities in the 101,200-101,600 range, with a target around 103,500.
For ETH, focus on the 3,330-3,350 range, aiming for approximately 3,470.