Do not worry about having no friends on the road ahead; there are like-minded individuals on the investment journey. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the King’s articles and videos, and I hope the brothers who have been following the King will return.

Click the link to watch the video: https://www.bilibili.com/video/BV1MT2PYmE9V/

First, let’s review the Bitcoin and Ethereum strategies provided in the articles and videos publicly released by the Coin Victory Group yesterday. For Bitcoin, the King suggested going short when it first approached around 62800, aiming for a profit of 500 to 800 points. It was later advised to continue trading with a stop loss of 300 points. However, the market changed rapidly last night, and I provided a high-level add-on strategy in the discussion group. Subsequently, when the market fell back to 62000, I advised all short positions to exit. A long position was suggested at 61700, with a low of 61860, but unfortunately, there was no entry opportunity. For Ethereum, the King suggested going short at 2455-2460, and there were opportunities last night, with a low reaching 2400, yielding a profit of over 50 points. It then rebounded, providing another opportunity, and currently, there is a profit of around 30 points, still generating profit. Congratulations to the friends who watched the King’s articles and videos.

Many people may be puzzled as to why the current market is stagnant, hovering around the 60000-64000 range. What is the deeper logic behind this? We might as well consider the current international situation. According to the Federal Reserve's expectations, after interest rate cuts, US capital will go to buy quality assets in the market. However, due to the issues between Israel and Iran, oil prices have surged, leading to signs of inflation rebounding, compounded by wage growth pressures. The Federal Reserve's interest rate cut in November should not be a major issue, but the key is that if these problems are not effectively resolved in the next two months, the Federal Reserve may very well hit the pause button in December, interrupting the bull market's rhythm. Currently, the main concern in the market is here, which has led to the current stagnation. If the non-farm payroll data in November remains good, then there is nothing more to say; the market will inevitably continue to rise.

Now let’s take a look at the current market. From a daily perspective on Bitcoin, we see that it has formed long upper shadows for two consecutive days, indicating that there is protective buying power in the current market. However, they do not have the strength to break through; funds escape at high levels, leading to arbitrage. As ordinary retail investors, we can take advantage of these points to go short. Let’s look for entry points on the hourly chart. Currently, the market is undergoing a small range consolidation. The previous day's high of 63200 can serve as a stop loss for short positions. For entry, we can consider entering around 62850, which is also the peak of a previous price spike. On the downside, we can pay attention to the bottom of the previous range consolidation around 61700, looking to go long around that position. However, considering that going long is against the trend, we should only use half of our normal position size, with a stop loss of 200 points. If this short-term long position hits the stop loss, we can directly pursue a short position targeting around 60000.

Now let’s take a look at the Ethereum market. First, let’s open the daily chart. We can see that after forming a long upper shadow the day before yesterday, yesterday it formed a small bullish candlestick with a doji, indicating that there is still a significant divergence between bulls and bears in the current market. In other words, as soon as the price rises, funds escape. Similar to Bitcoin, we should choose to go short at high levels. Where is the high level? Let’s check the hourly chart. Currently, the resistance around 2460 remains effective after yesterday's market test. Today, we can still operate based on this area, going short when the opportunity arises, with the stop loss set above yesterday's high. On the downside, the support level I provided yesterday is 2390, and we can see that this support level was not broken yesterday, with a low of 2400 followed by a rebound, indicating that this support remains valid. Therefore, we can plan to go long around this position with a small position size, setting a stop loss of about 15 points. Similar to Bitcoin, if this position breaks and hits the stop loss, we can directly choose to pursue a short position, targeting around 2300.

This article is independently written by the Coin Victory Group. Friends who need current price strategies and solutions can find the Coin Victory Group online. As the recent market has been primarily characterized by fluctuations, accompanied by intermittent spikes, please remember to control your take profit and stop loss when trading. In the future, when facing major market data, the Coin Victory Group will also organize live broadcasts across the internet. Friends who wish to watch can find the Coin Victory Group online and contact me for the link later.

Mainly focused on spot and contract trading for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles such as mobile locking strategies around high and low support and resistance for short-term fluctuations, medium to long-term trend trades, daily extreme pullbacks, weekly top predictions, and monthly head predictions.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。