Zhou Yanling: Bitcoin Support Moves Up Again Welcoming Bull Market on 11.18, Ethereum Mainly in Narrow Range Fluctuations
Recently, the market continues to be immersed in the momentum of Trump's second term. Unlike the first time, this time power is concentrated, and the market has full confidence in the development of the U.S. economy. U.S. Treasury yields and the dollar index continue to rise, and recent U.S. economic data has also performed well, with inflation slightly rebounding as expected. The current uncertainty in the market lies in the Federal Reserve's subsequent interest rate cut policy, with expectations for future rate cuts declining. Additionally, over the weekend, large-scale fighting resumed between Russia and Ukraine, and risk-averse sentiment will return to the market, so we will continue to adopt a wait-and-see approach!
Typically, the market moves based on expectations rather than facts. From the chart, the overall cryptocurrency price still shows a tendency to rise. On the daily chart, a long bullish candle appeared on November 15, followed by a slight pullback in the following days, but overall it remains in a high-level consolidation state, with the overall bullish trend still intact. The K-line is currently fluctuating in the range of 88,000 to 93,000, with certain upper and lower shadows indicating fierce competition between bulls and bears in the short term. The MACD fast and slow lines on the 4-hour cycle are hovering near the zero axis, and the histogram has turned from negative to positive, indicating further rebound momentum in the short term. The current price is above the EMA7 and is gradually approaching the EMA30, while the EMA120 is far below the current price, showing a strong short-term trend, and the medium to long-term trend remains positive. Therefore, based on the above analysis, Yanling believes that the main trend for cryptocurrency prices this week is still to buy on dips.
11.18 Bitcoin Trading Strategy:
Buy at 90,400-91,000, stop loss below 89,800, target 92,500-93,000, if it breaks 93,400, look for around 94,500.
Sell at 94,500-94,000, stop loss above 95,000, target 92,500-92,000.
11.18 Ethereum Trading Strategy:
Buy at 3,050-3,090, stop loss below 3,010, target 3,200-3,240, continue to look for around 3,330.
Sell at 3,330-3,300, stop loss above 3,370, target 3,220-3,180.
[The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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