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November 7th Friday BTC, ETH, SOL views
Good afternoon, the overnight recovery has now stabilized at the bottom for a short time. For the rebound to gain strength, it needs to complete a four-hour close above 1023. Additionally, it should not drop to yesterday's low again. From the news perspective, the delay in the rebound is closely related to the ongoing government shutdown in the United States, which has yet to be resolved, and BlackRock is continuously reducing its holdings.
From the market perspective, before hitting yesterday's low today, we can first look for a rebound. However, the strength of the rebound needs further testing. During the day, pay attention to the 1008-1012 area to attempt to place orders. The rebound target pressure is 1030-1046, and a breakthrough can be seen around 1060. If a new low is formed, temporarily exit the orders.
As long as ETH does not fall below 3245-3165 in the short term, it is still acceptable. Currently, it seems that yesterday's bottom has stabilized in the short term. During the day, pay attention to the 3285-3265 area for potential buying opportunities. The rebound target pressure levels are 3365-3410-3480. If the rebound wants to regain strength, it will need at least a four-hour closing above 3365.
The support and resistance levels mentioned for SOL last night are still valid, with upper resistance at 163-168-173 and lower support at 152-147-141. Choose your entry points around these levels.
I am Yaoyang, only creating my own trading system. Friends who like it, please follow. #加密市场回调