Analyst Chen Shu: 11.25 Afternoon Bitcoin and Ethereum Market Strategy *1: Narrow fluctuations without a peak correction still allow for bullish positions
On November 24, the afternoon analysis provided a long position strategy, suggesting Bitcoin at 9.75/9.68 for long positions and Ethereum at 3400/3370 for long positions. Yesterday's market saw a corrective trend, dropping over 1000 points before recovering. Currently, the short-term price has returned to around 98,000 USD. For operational guidance, please see the analysis below.
From the daily chart of Bitcoin, although yesterday closed with a small lower shadow line piercing the daily MA5 moving average, it still closed as a red candle, indicating that while there is short-term stagnation in the market, the buying sentiment willing to take long positions remains strong. Today, we should first pay attention to the gains and losses of the daily MA5 moving average and whether there will be an opportunity to retrace to the MA10 moving average. If there is a chance to retrace to the MA10 moving average, it would be bold to take a long position; on the 4-hour chart, yesterday's market retraced to the MA30 moving average, pierced it, and then recovered. The goal is to regain the position above the 4-hour moving averages, returning to a bullish trend. Short-term support should focus on the confluence of the 4-hour MA5/10/30 moving averages at the price range of 9.72-9.75. If this level holds, we still look bullish; otherwise, we look for a retracement to the daily MA10 at around 9.5.
From the daily chart of Ethereum, the recent daily candles have closed as doji candles with upper and lower shadows, indicating a divergence between bulls and bears around the 3400 level. The price has not yet lost the daily MA5/10 moving averages, so we should view any retracement as an opportunity to go long, with support at 3300 and resistance at 3430.
Afternoon operational thoughts (written at 12:00):
BTC: Light long positions near 9.73, add to long positions on a retracement to 9.65, target above 9.8 (do not consider shorting unless short-term peak signals appear; wait for retracement opportunities to add long positions).
ETH: Light long positions near 3350, add to long positions on a retracement to 3300, target 3400/3450.
The daily analysis strategy has a very high win rate! Analysis is not easy, so 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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