Article editing time November 21, 2023, 12:22 PM, all opinions do not constitute any investment advice! For study and communication only.

I want to tell the newcomers in the coin circle that the coin circle is not a casino, let alone a place to daydream. Many retail investors cannot even understand the basic K-line chart, and they basically do not understand the market operation rules. They rely completely on intuition for trading. When the direction is right, they can't hold it, and when they lose, they are reluctant to stop loss in time. If you lack experience and don't have time to watch the market, if you don't have solid technical skills and don't understand the overall trend analysis, even if you make a lot of money for a while, you will still have to pay back in the end. Don't let the market test your luck. It will be too late to cry then. Leveraging + learning is the way to make money in the long run!

Market review:

Another good day starts with taking profits! The market has been particularly strong in the past few days, with ample room for taking profits on each retracement. Yesterday, the long position was given in the article, and the evening market went down to test. The low long position was directly set at the 36630 level, which quickly rebounded after touching the bottom, leading to an upward trend. This also made our long position perfect, with over 600 points for Bitcoin and 35 points for Ethereum. By entering and holding, in just a few tens of minutes, this is the charm of finding the trend. This is the structure of the market. The strategy of the wise cannot be 100% accurate, but it can make you win more than lose on your way in the coin circle. Those who followed my article and went long on the pullback yesterday must have made a good profit! The price rebounded to a high of 37784 and oscillated to test, but multiple attempts to push higher were suppressed and fell back. Currently, the market is running near 37400. Let's take a look at today's market trend.

Market analysis:

From the four-hour perspective, the Bollinger Bands continue to run with an open mouth, and the three tracks are all parallel and rising. The coin price has been oscillating and consolidating at the high end of the upper track, with two long lower wicks, and the KDJ three lines have a tendency to cross after rising and then probing downwards. The MACD long and short energy columns are running with volume, and the virtual and real conversion also conforms to the trend, with long and short back and forth. Yesterday, it continued to probe downwards, with two long lower wicks, but the coin price never fell below the upper edge of the 36500 central position, instead recovering after probing down and continuing to consolidate above the middle track. The running channel remains slightly open upwards, with the long volume maintaining a lineup, the moving average returning in an upward trend, and the short-term consolidation in an upward trend, with the support below gradually moving up, indicating a clear bullish trend. The market buying power is also very strong. If there is a short-term pullback, it still depends on whether 36500 can hold. If it does, it can continue to rise, and the probability of reaching a new high is still very high. Just wait patiently. (For friends who are still confused in their operations, you might as well take a look at the strategy of the wise, 24-hour real-time guidance. The market fluctuates quickly. Due to the impact of review timeliness, the main focus for the subsequent market trend is real-time layout. Friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.)

Operational suggestions:

BTC: Long at 36800-37200, target 37700-38100, defend at 36400.

ETH: Long near 1960-1980, target 2010-2030, defend at 1940.

Disclaimer

The market changes rapidly, and the market fluctuates quickly. The entire text is based solely on personal speculation and has no reference value. Investment is risky, so be cautious when entering the market. Do not be too aggressive. I wish everyone abundant wealth! The article needs to be reviewed and has a certain lag. If there is anything you don't understand, feel free to ask.

The above content is created by Zhi Duoxing's public account. The advertisements at the end of the article and in the comments section have nothing to do with Zhi Duoxing.

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