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Market Brief Analysis for the Evening of November 11



In the short term, focus on the support level at 104,800. If the price can stabilize above this level, it is likely to continue the upward trend. Currently, the KDJ indicator is forming a death cross in the overbought zone, indicating that short-term correction pressure remains. The middle band of the Bollinger Bands and the 3 line are resonating around 105,200, forming a strong support zone with solid defense.

Operationally, it is recommended to wait for a clear signal of the end of the correction before entering the market. The medium to long-term strategy remains to buy on dips and follow the upward momentum.

Bitcoin (BTC) is fluctuating around 103,600-104,600; target ⬆️ 105,700-106,700; support at 103,400.
Ether (ETH) is around 3460-3510; target ⬆️ 3610-3660; support at 3450.
BTC-3.13%
ETH-4.56%
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