Analyst Chen Shu: 11.20 Midnight Bitcoin and Ethereum Market Strategy *No. 2, Short-term Strengthening Again, If the Pullback Does Not Break, Continue to Go Long and Be Bullish
On November 19, the midday analysis provided long and short strategy ideas, with Bitcoin giving a long position at 9.03 and a short position at around 9.2. For Ethereum, a strategy was given in the range of 3050-3200. During the day, Bitcoin maintained a strong high-level fluctuation, and it is about to break through new highs. Please see the following analysis for how to operate.
From the daily chart of Bitcoin, today it closed with a solid bullish candle, and the price continues to extend the bullish trend along the MA5 daily moving average. From the 4-hour chart, although it has maintained a narrow range of fluctuations at a high level in recent days, the price has always remained above the 4-hour MA30 daily moving average. Since the start of this round of increase, it has not fallen below this line, so the overall trend remains bullish. Although there has not been a significant increase in volume today, the price continues to test the 9.3 high point. Before breaking below this line, it is advisable to treat pullbacks as opportunities to go long.
From the daily chart of Ethereum, today it failed to stabilize above the MA5/10 daily moving averages and closed with a bearish candle, indicating a potential pullback to the MA256 daily moving average line (3050). Pay attention to the gains and losses at this 3050 line, which can be treated as a short-term dividing line for long and short positions. If it falls below this line, it will weaken again.
Midnight Operation Ideas (Written at: 02:00):
BTC: Light long position near 9.14, add to long at pullback to 9.05, target around 9.3;
ETH: Continue to trade within the 3050-3200 range, buying low and selling high, and wait for a successful breakout of this range before following up with operations.
Note: Currently, Bitcoin is maintaining a high-level fluctuation and is testing the 9.3 high point. Pay attention to the gains and losses of the 4-hour MA30 daily moving average. If it does not fall below this line, continue to be bullish.
The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below for discussion; I will reply to each one!
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