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11.13 Early Morning Analysis:


From the current chart, the 4-hour timeframe shows clear signs of weakness: after a strong rebound, the market experienced a sharp decline with a large bearish candle, completely retracing the gains made during the day. The price has now touched the lower band of the Bollinger Bands, with bearish momentum continuing to release. This has caused all moving averages at this level to extend downward, indicating that the overall market structure has officially shifted into a bearish phase.

Looking at the 1-hour timeframe, the market is exhibiting a strong three consecutive bearish candles, with the Bollinger Bands remaining open and the middle band turning downward. Although there is a slight rebound in the current price, it is unlikely to reverse the overall downtrend.

In summary, the strategy for midnight remains to sell on rebounds near resistance levels, placing short positions at key resistance points, aligning with the current weak market resonance across multiple timeframes.

Bitcoin (BTC) resistance at 103,000 and 103,800, with support around 100,000; if broken, target 98,000.

Ethereum (ETH) resistance at 3,460 and 3,520, with support around 3,350; if broken, target 3,250.
BTC-6.67%
ETH-8.34%
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