Zhou Yanling: On November 23, Bitcoin approaches $100,000; how much longer can it rise? Ethereum can be bought if it doesn't break 3250 on the pullback.
Bitcoin is hitting new highs every day, with the daily price continuously breaking through moving averages, repeatedly pressing the moving averages down. From a long-term perspective, we can continue to rely on the support of the daily moving averages to go long on Bitcoin. The recent continuous one-sided rise has been quite strong, and now it is showing an overbought state at a high level. Although the trend is still bullish, it is facing a pullback adjustment in the short term. There is no need to panic; the overall trend hasn't changed, just a slight adjustment. In the short term, there is currently pullback pressure on the 4-hour and 1-hour charts. The current MACD is in the positive area and shows signs of downward convergence, indicating a need for adjustment in the short term. The RSI value is close to 70, entering the overbought range, which suggests a risk of pullback. The current price is below the EMA7 and close to the EMA30; if it breaks below the EMA30, we need to be cautious of further pullbacks. The EMA120 is far below the current price, and the long-term trend remains bullish. The thought process is clear: any pullback is an opportunity for us to go long again. This is how a one-sided market works; pullbacks are opportunities to go long. Never try to guess the top; touching the top comes at a cost. Like Yanling, go with the trend, enter long positions when opportunities arise, and stay out when they don't; it's simply irresistible.
November 23 Bitcoin Trading Strategy:
Go long at 97500-98100, stop loss below 97000, target 99500-100000, continue to look for 101500 nearby.
Light short at 99500-99000, stop loss above 100000, target 98000-97400.
November 23 Ethereum Trading Strategy:
Go long at 3270-3310, stop loss below 3230, target 3390-3430-3460, continue to look for 3560 nearby.
Short at 3405-3360, stop loss above 3440, target 3315-3280-3250.
【The above analysis and strategies are for reference only. Please bear the risks 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 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 and currently mainly analyzes and guides 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 unblocking positions, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
