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Liangqiu: Bitcoin/Ethereum quickly broke lows in the early morning of November 17th. A new week, a new journey.

2025-11-17 06:14:37
Shareshare
Bitcoin/Ethereum experienced another rapid decline in the early morning, breaking through the daily lows of 94,000 and 3,050, reaching as low as 93,000 and 3,001 respectively. It then rebounded quickly, forming a long lower shadow, indicating a shift from a weak to a strong trend. Dawn is approaching. Spot traders can consider buying in batches on dips, and those looking to buy can gradually add to their positions. The trend reversal will not be halted by a temporary rebound; the market will likely experience a sharp, upward surge. The hourly chart shows a rapid rebound without any signs of a bottom, while the four-hour and daily charts are gradually stabilizing and rising. A new week is also beginning on the weekly chart. Ethereum has also just reached the lower Bollinger Band on the weekly chart and is starting to stabilize. A major counterattack is expected this week; the battle has begun. Our previous short-selling strategies have been highly successful; now we are preparing to enter long positions. Are you ready? Trading suggestions: Buy Bitcoin around 94,500-95,000, with a target around 97,000; Buy Ethereum around 3,150-3,170, with a target around 3,250, and continue to look for further upside if it breaks through. [The above analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.]
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