The market has improved after two days of correction, and BTC has held above the support around 86000, moving towards the resistance near 89000. Currently, it is in a fluctuating rise trend, with another resistance around 87000. The key level is at 86700; if it holds above this level, there won't be too much pullback. To enter a long positions trend, BTC should recover above 95000 to be reasonable.
Looking at Ethereum again, it is currently in a fluctuating upward trend, with recent resistance around 2920. It is currently hovering near this resistance level. Further up, resistance is around 2970. For Ethereum to enter a long positions trend, it should close above 3150 to enter a long positions trend. BTC hasn’t made any big moves these days, but there are quite a few conspiracy theories brewing, so just take a look.
The current 4-hour level is still catching its breath, and the wounds from the previous significant drop have not yet healed. The market's current expectation is for a rate cut and a halt to tapering in December, which could indeed bring some liquidity, but it remains uncertain how much will flow into risk assets.
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The market has improved after two days of correction, and BTC has held above the support around 86000, moving towards the resistance near 89000. Currently, it is in a fluctuating rise trend, with another resistance around 87000. The key level is at 86700; if it holds above this level, there won't be too much pullback. To enter a long positions trend, BTC should recover above 95000 to be reasonable.
Looking at Ethereum again, it is currently in a fluctuating upward trend, with recent resistance around 2920. It is currently hovering near this resistance level. Further up, resistance is around 2970. For Ethereum to enter a long positions trend, it should close above 3150 to enter a long positions trend. BTC hasn’t made any big moves these days, but there are quite a few conspiracy theories brewing, so just take a look.
The current 4-hour level is still catching its breath, and the wounds from the previous significant drop have not yet healed. The market's current expectation is for a rate cut and a halt to tapering in December, which could indeed bring some liquidity, but it remains uncertain how much will flow into risk assets.