November 13 midday BTC/ETH market analysis and trading strategy

The daily chart for Bitcoin shows that after a significant price drop recently, there are signs of a rebound, but overall it remains in a weak oscillating state. After a sharp decline yesterday, today closed with a small gain. The hourly chart shows a low-level oscillation and consolidation trend, with multiple attempts to break through the resistance near 102100 in the short term, but failing, resulting in narrow range fluctuations. The 7-period EMA on the hourly chart at 102032 and the 30-period EMA at 102712 are both diverging downwards, and the 120-period EMA at 103634 is far from the price, indicating that the short-term trend still leans bearish.

Ethereum's recent price has been in sync with Bitcoin, experiencing a sharp drop yesterday, followed by a gradual rebound today, but overall it remains in a consolidation phase. After forming a long lower shadow on the daily chart, the rebound indicates a certain level of buying support at low levels. The hourly MACD histogram has turned positive from negative, and the fast and slow lines are beginning to converge, showing signs of a short-term rebound; however, the daily level is still in a bearish zone, and attention needs to be paid to whether further recovery occurs. The hourly RSI value is 55.56, not entering the overbought zone, indicating limited strength in the current rebound. EMA120 remains a resistance level. The daily EMA moving average system shows a bearish arrangement, with a long-term trend leaning weak.

Bitcoin: 102200-103000 short, target: 101000-100250
Ethereum: 3485-3550 short, target: 3420-3380 #ETH反弹开启，能否延续？ $BTC