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11/29 Morning analysis of Lao Hu's ideas
In the current market situation, the bulls and bears are fighting back and forth, and the market may mainly show a wide range of fluctuations in the short term. After experiencing recent large fluctuations, it will enter a correction phase, and the Fluctuation range will be relatively limited. From a short-term perspective, the resistance level is roughly in the range of 97500-98000, and the support level is in the range of 93500-94000. You can sell high and buy low based on these two areas.
The ETH market is also in a range of oscillation, and there is no obvious sign of breaking out of the box. Its resistance levels are concentrated around 3680-3700, while support levels are in the 3500-3550 area.
Operation suggestion:
BTC retraces to around 94500-95000 and goes long, targeting around 9700-98000
Buy ETH on the dip near 3450-3500, with an upside target around 3600-3700