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- 🔵 #Altcoin Season Index Hits 24#
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Market Analysis on November 19th
Yesterday's market review
Yesterday, BTC continued to consolidate, with a slight pump followed by a pullback to 90000, and has now broken through 91000. Currently, the 4-hour chart is close to completing the recovery, with the potential for further pump. Follow the market sentiment changes and there is a chance to break through to new highs in the near future.
ETH follows the consolidation of BTC, with an expected continuation of consolidation during the day. Follow the situation of 3100 support. In terms of altcoins, they are consolidating in sync with the mainstream, with some coins pumping. Be patient and continue to hold SATS. Consider closing all positions around 50. PEOPLE is still relatively low, and many are getting out of positions. Consider continuing to hold. Keep holding FTM. The new altcoin ACT is recommended for consideration, with good potential in the future.
Intraday Market Analysis
BTC 1-hour and 4-hour levels return to healthy levels, daily candlestick level is above the healthy level, expected consolidation during the day, the long-term outlook remains unchanged, support at 90000-90500 below, resistance at 92200-92700 above
ETH 1-hour and 4-hour levels return to a healthy level, and the daily candlestick level is above the healthy level. Expect consolidation during the day, with support at 3050-3100 and resistance at 3220-3270.