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Analysis of Bitcoin and Ethereum market on November 21: What to watch for BTC and ETH today
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Market review
Yesterday, BTC rose slightly, breaking through 94,500 and continuing to hit a new high, in line with recent expectations. It is expected to continue to rise, and attention should be paid to changes in market sentiment. It is expected to continue to break new highs in the near future. ETH failed to follow BTC's synchronous rise, and a divergence pattern has appeared on the 4-hour chart. It is expected to start following up and rising during the day, and attention should be paid to the 3,000 support situation. The probability of a retracement without a drop below the follow-up rise is greater. On the altcoin side, they followed ETH's synchronous retracement, and most currencies fell, with BTC draining blood. It is recommended to hold SATS patiently, and consider clearing positions around 50. PEOPLE is still relatively sluggish, and many people have gotten off the bus, so it can be considered to continue holding. Maintain holding DOGS and FTM. The new altcoin ACT is recommended to consider following up, and there will be good room for follow-up.
Today's focus:
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 break new highs during the day. The long-term expectation has not weakened. The downside support during the day is 92,500-93,000, and the upside resistance is 95,000-96,000.
ETH: The 1-hour and 4-hour levels have returned to a healthy level, and the daily level is above the healthy level. There is an opportunity for a follow-up rise 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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