Analyst Chen Shu: 11.8 Midnight Bitcoin and Ethereum Market Strategy *No. 2, US stocks continue to open high and rise strongly, driving prices up

In the article on November 7th, a pullback long strategy was provided, suggesting to go long at 7.36/2770. Bitcoin's pullback did not reach this entry point, while Ethereum had opportunities to go long near the entry point. The long position strategy was correct, and the current price short position for Bitcoin should be stopped out, while Ethereum retraced to near the target point of 2772. Currently, the short-term strategy follows the strong performance of US stocks; please see the analysis below for operations.

From the daily chart of Bitcoin, after yesterday's large bullish candle, today’s daily candle is again a red K. The intraday pullback was limited, with the lowest retracement to around 7.45. From the 4-hour chart, the price has held after retracing to the MA10 daily moving average, and following the strong opening and rise of US stocks, it is once again approaching historical highs. The overall trend is treated as bullish, with a breakthrough of the 7.64 high point within reach. It is expected to break new highs again during the US stock market opening, and can be viewed as a pullback correction after the US stock market closes.

From the daily chart of Ethereum, today the price has once again surged, breaking through the daily MA120 moving average. The next resistance level is at the MA256 moving average (3070). If Bitcoin breaks new highs again during the US market time tonight, then Ethereum can not only be bullish but also look forward to tomorrow morning's supplementary rise. The resistance levels to reference are 2950/3070/3100 at these three positions.

Midnight Operation Strategy (Written at: 01:30):

BTC: Light long position near 7.57, add to long position near 7.5 on pullback, target at 7.65/7.7 above can reduce position and hold

ETH: Light long position near 2840, add to long position near 2810 on pullback, target at 2950 above can reduce position and hold

Note: Continue to treat the market as bullish during the US stock market opening. After the US stock market closes, Bitcoin can be viewed as a pullback correction. If Bitcoin breaks new highs again during the US stock market opening, then Ethereum can be traded for a supplementary long position.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

For real-time market strategy communication and consultation on market issues, you can follow my personal account homepage, originally (Coin World) ranked first personal KOL main influencer, providing free guidance and answering trading questions. Everyone is welcome to communicate and exchange!

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。