Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Silk Road on the evening of November 20


In the afternoon, the big pancake quickly rose to the 93000 line but immediately faced strong pressure and fell back. Since then, it has been suppressed below the middle Bollinger band and has started a continuous downward trend. The second pancake, on the other hand, has been oscillating slowly between the upper and lower Bollinger bands, with fluctuations not as large as the big pancake.
Currently, from the four-hour level structure, the overall trend is still operating in a downward oscillation channel, with the midline consistently representing a key resistance that is difficult to break through. The essence of the weakness lies in the continuous shrinkage of trading volume. Coupled with the current weak market liquidity and the lack of clear willingness from major funds to intervene, the short-term rebound basically belongs to technical repair rather than a reversal pattern. Additionally, with the non-farm data about to be released tonight, I personally suggest focusing on K-line, but be careful to maintain strict defense to prevent any impact on market conditions from the news tonight.

Personal suggestion
The pancake is entering the range of 92500-93500, targeting down.
Look near 90000
The second pancake is around 3060, looking down at the 2980-2930 area #晒出我的Alpha积分 #今日你看涨还是看跌? $BTC $ETH $ZEC
BTC-2.82%
ETH-3.37%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)