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Silk Road on the afternoon of November 18
Looking back at the early stage, Bitcoin encountered resistance and fell back from the 92300 level, reaching a low of 89600. Ethereum faced resistance and fell back from the 3049 level, hitting a low of 2943. The energy release of the market is quite significant.
Looking at the hourly Bollinger Bands, the three lines are showing a downward divergence, with the opening continuously expanding, reflecting a persistent increase in short-term volatility momentum. Under the dominance of market volatility forces, the lower band is being continuously pulled down, further widening the subsequent downward movement space.
Operation Suggestions
Big Coin: Around 90300-90500, with a target looking towards around 89000.
Two cakes: Around 3030-3050, the target looks towards around 2900.