BTC analysis on the evening of November 21



BTC showed a small rebound candlestick in the 1H timeframe, but the trading volume did not significantly increase during the rebound, indicating that the short-term buying pressure is limited.

The 1080 level, which was previously a support level during the short-term fluctuations, is now turning into potential resistance during the rebound. Looking at the 4H chart, the overall trend is still in a corrective phase without any signaling of a stable increase in volume. Therefore, even if there is a rebound in the 1H chart, it is unlikely to see a significant breakthrough for now. If the 1080 level cannot be broken, the rebound is likely to face pressure and fall back.

Evening operation direction
BTC retraced to the 1068-1062 range.
Target 1080, looking up at 1095#ETH反弹在即?
BTC0,61%
ETH-0,32%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
PiOceanvip
· 10-21 10:44
11.21 Evening BTC Analysis BTC 1H first shows a small Rebound Candlestick, but the Trading Volume did not significantly increase during the Rebound, indicating weak short-term buying power.
View OriginalReply0
PEPEvip
· 10-21 10:38
Sit tight, we're about to To da moon 🛫Sit tight, we're about to To da moon 🛫
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)