November 10 midday BTC/ETH market analysis and trading strategy
The daily chart shows that the price started to rebound on November 7, forming a series of bullish candles, and is currently in a state of high-level consolidation.
The hourly chart level has recently seen a rapid surge followed by an adjustment phase, with the high not breaking through the previous resistance of 106670.
The MACD on the hourly chart continues to show red bars, but the momentum is weakening, and the fast and slow lines are gradually converging, indicating a risk of a pullback.
The recent K-line shows an upward oscillation trend, with a large bullish candlestick breaking through the previous high yesterday, followed by a slight pullback on November 10. The current price is close to the previous high resistance level around 3650, which may face some selling pressure in the short term. Both the DIF and DEA in the MACD chart are diverging upwards and are above the zero axis, indicating strong bullish momentum; however, the red bars are shortening, so caution is needed as bullish strength may weaken. The current RSI value is 71, entering the overbought range, indicating a risk of pullback in the market, but if it continues to maintain a high level, the upward trend may persist.
BTC: Short at 106200-106500, target: around 104500
ETH: 3615-3650 short, target: around 3560 #btc #eth $BTC $ETH