Bitcoin/Ethereum rebounded strongly after testing lows of 93,000 and 3,000 in the early morning. Following this trend, we entered long positions during the daytime session, and the price rose to 96,000 and 3,220, securing significant gains. Currently, the price has retreated after this initial surge. As mentioned in our daytime articles and videos, Bitcoin's pullback in the early morning was insufficient; a test of the 92,000 level would be ideal. Tonight, we will focus on whether the 92,000 and 3,000 levels are broken. Failure to break these levels will likely lead to a second dip before another rebound. The weekly chart shows some stabilization, but the upward path is volatile. The overall technical structure remains largely in line with expectations. The short-term pullback to test support levels followed by a rebound is a consolidation phase, and we expect further gains on any pullback tonight. Trading recommendations for tonight: Bitcoin: Enter long positions around 93,000-93,500, with a target around 95,500; Ethereum: Enter long positions around 3060-3090, with a target around 3200. The above analysis and strategies are for reference only; please bear the risks yourself. Article review and publication may not be timely; please refer to real-time updates.
Liang Qiu: November 17th, Bitcoin/Ethereum will rebound after a second dip.
2025-11-17 14:18:30
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