11.8 The Federal Reserve interest rate is favorable again, and the bulls are about to explode!

CN
允彦
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1 month ago

Trading Philosophy: Look at the trend in the long term, find entry points in the short term;

Technical Analysis: In terms of Bitcoin, the daily chart shows a trend of upward momentum after a pullback to expected support. With Trump's election, Bitcoin surged sharply, forming a large bullish candlestick. The Bollinger Bands continue to open upwards, the MACD moving averages are trending upwards, bullish volume continues to increase, and the KDJ line is also moving upwards. On the 4-hour chart, the Bollinger Bands continue to open upwards, the market has strongly broken through the upper Bollinger Band to reach new highs, and is currently in a consolidation phase. The MACD moving averages continue to trend upwards, bullish volume is starting to decrease, and the KDJ line is still moving upwards;

In terms of Ethereum, the daily chart shows a breakout from the previous range, and it is still presenting an upward bullish bar. The Bollinger Bands have started to open upwards, the MACD moving averages have begun to trend upwards, bullish volume is starting to increase, and the KDJ line has started to move upwards. On the 4-hour chart, the Bollinger Bands continue to open upwards, the MACD moving averages continue to trend upwards, bullish volume is increasing, and the KDJ line is moving upwards;

In summary, the market trend has significantly exceeded expectations due to favorable news from the U.S. presidential election, with Bitcoin breaking historical highs again, and Ethereum finally showing an upward breakout trend. The long positions established last night are again following the trend to profit, and the bulls are very strong. After the surge, the high-level consolidation and pullback are still not significant, so it is still recommended to focus on buying low in future operations!

Trading Advice: Buy on dips!

Buy Bitcoin in the 74800-75300 range, target 76300-77500, stop loss at 74300;

Buy Ethereum in the 2790-2820 range, target 2880-2940, stop loss at 2750;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

Follow the WeChat public account Yunyan!

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