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Analysis of Bitcoin and Ethereum market on November 20: What to watch for BTC and ETH today

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Market Review

Yesterday, BTC rose slightly, briefly breaking through 93,500 to reach a new all-time high, in line with recent expectations. After a short-term correction, it is expected to continue rising. Pay attention to changes in market sentiment, and it is expected to continue to break new highs in the near future. ETH followed BTC to consolidate, and it is expected to continue to consolidate during the day, paying attention to the 3,000 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, so it can be considered to continue holding. Maintain holding FTM, and the new altcoin ACT can be considered to follow up, which is expected to have a good upside space in the future.

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 90,000-91,000, and the upside resistance is 92,500-93,000.

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 3,000-3,050, and the upside resistance is 3,200-3,250.

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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