Yesterday afternoon, the strategy was to buy on dips, entering positions around 95500 for Bitcoin and 3140 for Ethereum. The price rallied throughout the evening, reaching highs of 96400 and 3230 respectively. Saturday saw sideways movement with limited overall price movement. Bitcoin's daily chart shows a rebound after a significant drop. The 4-hour chart shows a consolidation phase with clear short-term bullish/bearish contention. The MACD remains below the zero line, with the histogram shortening but still negative, indicating weakening but not complete bullish momentum. The RSI is near oversold territory, suggesting a potential technical rebound. Intraday, the recommended strategy is to buy on dips, entering long positions around 94500-95000 for Bitcoin with a target of around 97000, and around 3130-3160 for Ethereum with a target of around 3250. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.
Xiaoyao KOL: Bitcoin and Ethereum Midday Market Analysis 11.16
2025-11-16 05:03:04
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