Zhou Yanling: Bitcoin Retracement Adjustment Awaiting Bull Market on November 30, Ethereum Bulls Need Retracement Consolidation
Recently, everyone should have become accustomed to the big washout in the market. Currently, if you can go long, do so; if you can go short, do that. This is not just a cliché, but Yanling's intuitive feeling about the current market. Moreover, these days you need to start trading from the morning. If you have significant concerns and do not want to go long at high points, then wait for a retracement. Going long above 94,700 is also a good choice. The technical aspect may be difficult for some to understand the charts, but it’s actually quite simple. There have been two significant swings yesterday and today, which can also be referred to as inducing longs and inducing shorts. There’s no need for me to elaborate further; you can see it on the charts.
At this time, many people will ask, what is the absolute high point for Bitcoin? Do you remember what Zhou Yanling said before? Bitcoin will eventually break through the 100,000 mark, but before that, it will definitely face resistance and retracement. This process takes time, and right now, this process is underway. Therefore, the bulls just need to wait patiently. The overall bullish trend remains unchanged, but in the short term, a retracement is needed to create a bearish market. So if you do not want to go long at high points but prefer to strategically short, you can wait for this retracement to complete before trying again. In the short term, continue to pay attention to the pressure at the 100,000 mark above and the support levels of 94,500 and 91,000 below.
Bitcoin Trading Strategy for November 30:
Go long at 95,400-96,000, with a stop loss below 94,900, targeting around 97,500, and continue to look for upward movement towards around 98,900.
Go short at 98,400-97,800, with a stop loss above 99,000, targeting around 96,400.
Ethereum Trading Strategy for November 30:
Go short at 3,730-3,690, with a stop loss above 3,770, targeting 3,620-3,580-3,540.
Go long at 3,570-3,610, with a stop loss below 3,530, targeting 3,700-3,730, and continue to look for upward movement towards around 3,850.
【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 contracts/spot operations. For more real-time community guidance, consultation on unblocking, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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