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Analysis of Bitcoin and Ethereum market on November 19: What to watch for BTC and ETH today

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海绵进化论
3 days ago
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Market Review

Yesterday, BTC continued to consolidate, after a slight upward move, it pulled back to 90,000, and has now broken through 91,000. The 4-hour chart is close to being repaired, and it is expected to continue to rise in the future. Pay attention to changes in market sentiment, and it is expected to break through new highs in the near future. ETH followed BTC to consolidate, and it is expected to continue to consolidate during the day, pay attention to the 3,100 support level. The altcoins followed the mainstream to consolidate, and some coins have risen. It is recommended to hold SATS patiently, and consider closing the position around 50. PEOPLE is still relatively sluggish, and many people have gotten off the car, you can consider continuing to hold. FTM maintains holding, and the new altcoin ACT can be considered to follow up, and there will be good room for follow-up.

Highlights for today:

BTC: The 1-hour and 4-hour levels have returned to a healthy level, and the daily level is above the healthy level. It is expected to consolidate during the day, and the long-term trend has not weakened. The downside support during the day is 90,000-90,500, and the upside resistance is 92,200-92,700.

ETH: The 1-hour and 4-hour levels have returned to a healthy level, and the daily level is above the healthy level. It is expected to consolidate during the day. The downside support during the day is 3,050-3,100, and the upside resistance is 3,220-3,270.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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