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11/17 BTC-ETH 4H Latest Analysis
BTC entered a consolidation phase over the weekend as we expected, not breaking through the consolidation zone, dropping to 93677 on Sunday evening 📉. Looking at the weekly chart, it is currently three consecutive bearish candles, and the downward trend remains unchanged. If there is a rebound, we will see if it can break through the red resistance zone in the chart; otherwise, the trend will continue to follow, with a temporary target of the 92k gap.
ETH is the same, the weekly three consecutive bearish candles downtrend shows no signs of change, and any rebound will also face the red resistance zone, otherwise, if it breaks the same high, we will look below 3000 to around 2930.