Research report on November 14th

Yesterday's market review

BTC continued to pump yesterday, breaking through 93000 in a short period of time and quickly pulling back. Recently, there has been a large fluctuation in BTC, with increasing volume. Retail investors are entering the market and the market is at a high level. A quick pullback is needed after a rapid pump to consolidate. It is expected to continue to consolidate within the day and follow the support situation at 86000-87000. The current greed index is soaring, so it is recommended for buddies who hold BTC to start reducing their holdings and control risks. The daily candlestick level has entered the overbought zone, and the weekly candlestick level has also entered the overbought zone. There is a strong expectation for a pullback. Follow the market sentiment and reduce holdings to avoid risks. The overall bullish trend remains unchanged in the long term.

ETH followed the same consolidation as BTC yesterday, and it is expected to continue consolidating intraday, follow 3100-3150 support situation

In the altcoin sector, follow the mainstream in experiencing a pullback. Be patient and continue to hold SATS. Consider closing all positions around 50. PEOPLE has recovered from the previous market trends, with no obvious pump during the election period. Many people have gotten out of positions, so consider continuing to hold. Keep holding FTM. The new altcoin recommendation ACT can be considered for follow-up, and there will be good potential in the future.

Intraday Market Analysis

BTC 1-hour and 4-hour levels are above healthy levels, daily candlestick level enters overbought zone, expecting consolidation and oscillation in the day, with upward movement. The long-term outlook remains strong, with support at 86000-87000 and resistance at 91000-92000.

ETH 1-hour and 4-hour levels are above the healthy level, the daily candlestick level is in the overbought zone, expecting consolidation during the day, with support at 3100-3150 and resistance at 3300-3350.