Trend analysis and operational ideas after the daily candle of Bitcoin and Ethereum closed bearish on November 13!

CN
11 days ago

From the daily perspective, Bitcoin has recorded its first bearish candle after a series of bullish days. Although the bullish trend is very strong, the price has risen significantly and cannot continue to rise mindlessly. The resistance level above can be referenced at the current high (90000-89000), while the support level is tentatively set at 86000-85000. Ethereum has also seen a strong rebound to around 3450, marking its first bearish candle. The resistance level is tentatively set at 3250-3280, with support at 3200-3150. There is still plenty of room for upward movement, but it needs to be approached step by step. Currently, we are in a phase of encountering resistance and pulling back!

From the 4-hour perspective, Bitcoin has formed a resistance level at 89000-90000, having attempted to break through several times without success, and is now starting to pull back for consolidation. The focus below is on the 86000-85000 range; if this level is broken, a deeper correction may occur. Ethereum is also facing resistance at the 3380-3420 range, with the focus below on the 3200-3150 range. Personally, I believe a correction is needed, as prices cannot keep rising indefinitely. The subsequent strategy suggests shorting at high levels!

Trading Strategy: Short at high levels!

Short Bitcoin at 88000-88500, with a target of 86000-85000, and a stop loss above 90000;

Short Ethereum at 3250-3280, with a target of 3200-3150, and a stop loss above 3320;

The strategy is time-sensitive, and specific guidance will be provided privately in real-time!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and trading strategies!

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