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November 20 BTC/ETH Strategy Analysis:



On the eve of the non-farm payrolls, Doto cleared 470 million in 24 hours!

The recent market trend shows institutions frequently washing positions, with intense competition and an absurdly high turnover rate. Currently, the Federal Reserve's attitude towards interest rate cuts is becoming increasingly cautious, with the probability of a rate cut dropping to 31.6%. BlackRock's IBIT saw a record outflow of 523.2 million in funds yesterday, indicating that institutions have low confidence in the future market!

BTC
Last night it was predicted that it would break below the previous low, and BTC also hit a lowest point of 8850. The long lower shadow indicates that buying pressure has entered, leading to a small-scale rebound, which is quite strong. Currently, it is just repairing the gap above during the rebound. Before the market breaks and stabilizes above 9380, it will continue to pull back.

Around the 9280-9320 range, the target is to look down at 8850 after breaking below 9200-9020.

ETH
Around the range of 3056-3078, the target is to break below 3010-2942 and look towards 2873.

Short-term trading is flexible and changes, and defense is determined based on the actual situation of one's own position! #BTC #ETH
ETH9.87%
BTC7.43%
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