He Yang 11.7 Thursday, Bitcoin and Ethereum Afternoon Thoughts!

Good afternoon everyone. Bitcoin has once again broken new highs, and the market has also successfully broken the 76000 mark. First, let's look at the price trend. The current K-line shape clearly shows an upward trend, especially with a significant surge following the appearance of the 'Understanding King' yesterday. In the 4-hour cycle, the K-line has repeatedly closed at high positions, indicating a strong market characteristic. The technical indicator MACD in the 4-hour cycle has a continuously positive histogram that is gradually increasing, indicating strong upward momentum. Both DIF and DEA are diverging upwards.

Looking at the 4-hour chart, the trend has come under pressure at the new high position of 76400, and the short-term trend has entered a high-level oscillation and consolidation phase. However, the price has not further broken through the 76400 suppression line, and the subsequent bullish supply has shown insufficient. If the trend cannot break out for a long time, it is expected that the price will continue to consolidate at high levels. The overall trend direction of Bitcoin remains unchanged, but currently, after the new high, the price has not seen a significant pullback. It is expected that the market will oscillate upwards and break through, and the market is currently in a correction and consolidation phase.

He Yang's recommended trading strategy for Bitcoin and Ethereum in the afternoon:

Bitcoin: 74000-74500 target near 76000

Ethereum: 2800-2790 target near 2850

What you lack in life is not gold, but the guidance of noble people. There are often fast horses, but few capable judges. The three most satisfying things in life are: encountering a worthy opponent, drinking with a confidant, and meeting a good talent! He Yang is willing to be the capable judge guiding you on your investment journey, and more than that, to be your close friend!