Analyst Chen Shu: 11.22 Midnight Bitcoin and Ethereum Market Strategy *No. 2, Long Position Strategy Perfectly Profitable, Continue to Go Long and Bullish!
On November 21, the midday analysis provided a long position strategy idea, with Bitcoin suggesting a long entry at 9.55 and Ethereum at 3050. After Bitcoin broke its high, it retraced to around 9.56, while Ethereum retraced to around 3090, not reaching the entry point. The long position idea is correct, and with the current strong bullish momentum, please see the following analysis for operations.
From the daily chart of Bitcoin, it is evident that the daily line has returned to a one-sided upward trend, with a clear bullish trend indicated by four consecutive daily green candles. The recent bullish market has steadily moved upwards along the 4-hour MA5/10 moving averages. Although there hasn't been a significant volume increase in the candlesticks, the overall market still maintains a strong upward trend, testing the $100,000 mark. In terms of trading operations, continue to maintain a bullish stance, using the 4-hour MA5/10 moving averages as entry points for long positions.
From the daily chart of Ethereum, the market trend is basically consistent with the analysis from yesterday's article. After once again testing the daily MA256 moving average, it has started a volume increase, rising by over 10% and more than 300 points, and will test the previous high around 3450 again. The 4-hour chart shows that today's European and American market has strongly broken through the recent consolidation range, leading to a supplementary bullish trend. In the short term, similarly treat any retracement as a buying opportunity.
Midnight Operation Ideas (Written at: 02:00):
BTC: Light long position near 9.7, add to long at 9.6 on retracement, target above 9.8;
ETH: Light long position near 3330, add to long at 3280 on retracement, target 3450/3500.
Note: The short-term bullish trend of Bitcoin is very obvious, and it is about to test the $100,000 round number, with a high possibility of breaking through $100,000. It is not recommended to predict a short-term top to go short in this upward trend; instead, treat any retracement as a buying opportunity.
The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!
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