Zhao Qinchuan: The pullback market has arrived as expected, along with subsequent thoughts and viewpoints.

CN
1 month ago

Market rules, twisting and turning, cycles of change, cultivate the inner self, practice the outer self, the road is long and arduous. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results; if one lacks ambition, even with the help of benefactors, they will ultimately be unable to rise. All difficulties are not truly obstacles; the success story of an investor is essentially a history of learning and growth. The journey is tough, yet it is also scenic; staying true to one's original intention leads to a successful conclusion.

2024.11.26 BTC ——————

Currently, Bitcoin's daily line has closed with a bearish engulfing pattern, and there is still a certain distance from the expected support at the 89000 level. In the short term, this position can be referenced for layout. After breaking below the 96000 level, a top-bottom conversion pressure will form. On the four-hour chart, the Bollinger Bands are opening downwards, and the overall price remains within the Bollinger downtrend channel. Focus on the support strength at 89000. On the hourly chart, high-level resistance is around 94000, and the MACD indicator shows a second volume expansion, indicating a subsequent downward fluctuation. It is recommended not to focus on the overall 90k level for layout. Based on the above, it is suggested to maintain a steady pullback layout for Bitcoin.

Pending Order:

89500-90100 long, target over 1000 points

(Strategy activation can only be used once; arrange to take profit as needed)

2024.11.26 ETH ——————

Ethereum is currently near the cost price for layout, and friends entering the market now have some space. On the daily chart, there is a conversion between long and short positions at high levels, and with the Bollinger Bands closing, the 3200 position must hold to allow for subsequent volume increase; otherwise, the price will continue to drop to the 2900 level. On the four-hour chart, the price remains within a Bollinger fluctuation range, focusing on the 3250-3500 range. The fast and slow lines on the attached indicators have crossed downwards, while the CCI is turning upwards from an oversold position, indicating some signs of a stop in the decline. On the hourly chart, resistance has shifted down to around 3420, with no obvious support points below. Based on the above, it is suggested to maintain the previous layout for Ethereum.

Pending Order:

3280-3230 long, target over 100 points

(Strategy activation can only be used once; arrange to take profit as needed)

The content of this article is exclusively created by senior analyst Qin Chuan, who has researched Bitcoin, Ethereum, contracts, spot trading, gold and foreign exchange, stocks, and other investment fields for many years. Currently, he mainly guides contract operations, possessing a solid theoretical foundation and practical experience. He excels in combining technical and news-based operations, focusing on capital management and risk control, with a stable and decisive operating style. His approachable and responsible character, along with sharp and decisive operations, has earned him recognition from many investment friends. For more real-time investment strategies, trading methods, operational skills, and knowledge about K-lines and market trends, please follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this analysis is at your own risk; investment involves risks, and caution is advised when entering the market.

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