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In the midday analysis on November 8, the long position at 7.56/2890 was almost perfectly timed. The market then surged, reaching a high of 7.7/3050, resulting in a substantial profit of 1500/150 points for those who accurately seized the opportunity and successfully followed the operation. Currently, the market on Saturday is showing a narrow range of fluctuations. How should we cleverly respond? Let's look at the detailed analysis below.
Analyzing the daily chart of Bitcoin, it bravely broke through again yesterday, reaching a high of 77,000, successfully setting a new historical record. The daily chart closed with a small bullish candlestick, and the overall bullish momentum remains incredibly strong, with almost no significant pullback observed. Switching to a 4-hour perspective, the current price is steadily maintained above the MA5/10 moving averages. As long as this trend continues, meaning the price remains safely above the 4-hour MA5/10 moving averages, it indicates that the market is still firmly in the hands of the bulls, showcasing strong momentum. Therefore, during intraday trading, one should closely monitor whether the price will break below the 4-hour MA5/10 moving averages after the fluctuations. Given the special market conditions on Saturday, a strategy of responding to narrow fluctuations is sufficient.
Now let's take a look at Ethereum. We focus on the daily chart of Ethereum, where it recorded another red candlestick yesterday. The price is now very close to the MA256 daily moving average (3070), and after successfully breaking through and firmly standing above 2960, the probability of further advancing to the 3070 level has significantly increased. Observing the 4-hour chart, it shows a good upward trend with consecutive bullish candles, and the price is steadily rising along the MA5/10 moving averages. As long as it does not fall below the 5/10 moving averages, one should adopt a bullish mindset when planning trading strategies.
Saturday's trading strategy (written at 17:30):
BTC: On Saturday, one can choose to implement a high sell-low buy strategy in the 7.62 - 7.7 range. If it unfortunately falls below 7.6, a new plan will need to be arranged. As for a more in-depth trend analysis, it will be detailed in tomorrow's article.
ETH: One can conduct high sell-low buy operations in the 2940 - 3020 range.
Special note: The market activity on Saturday is relatively low, essentially in a calm state. The operations should be based on the core principle of responding to narrow fluctuations. Important topics such as trend analysis have been elaborated in the midday article. It is expected that the market will regain vitality on Sunday evening, providing a more noticeable fluctuation response. At that time, we will flexibly adjust strategies based on market changes.
This article is independently written by the Coin Victory Group. Friends in need of current price strategies and solutions can find the Coin Victory Group online. Recently, the market has been primarily characterized by fluctuations, accompanied by intermittent spikes. Therefore, when making trades, please remember to control your take profit and stop loss. In the future, when facing significant 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.
Mainly focusing 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 positions, daily extreme pullbacks, weekly K-top predictions, and monthly head predictions.
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