Daily Analysis (11.08)

Summary:

1. The US stock market continues to rise, which is unhealthy; beware of year-end risks.

2. Gold prices should have another wave before the end of the year, and then it will also go down for a monthly line, heading towards mid-next year.

3. Currently, it should still be running a 1h level upward movement starting from 66800. This upward movement is nearing completion, and soon it will begin a 1h level downward movement. However, the decline should not be too deep, probably only reaching around 73000, with the extreme being around 71200, which can be divided into aggressive long positions and conservative long positions.

4. After this 1h level downward movement is completed, there will be one last 1h level upward movement; as long as it does not exceed 83000, it will start to move down for a 4h level downward movement.

5. Is Bitcoin pushing for a peak or consolidating at the top by the end of the year? Regarding the next 4h level downward movement, how the market behaves will yield three different outcomes. The first two possibilities are more likely, while the last one is less likely.

6. Ethereum's rebound is below expectations; in the short term, it may follow Bitcoin's 1h level decline, testing the support level around 2800. After the pullback, it can still be attempted to go long, but Ethereum has performed too weakly this year, so future positions should be reduced, ranked behind SOL.

7. Altcoins/Ethereum and Bitcoin currently have different rhythms, and there is still an expectation for a rebound.

8. When making a pullback to go long, altcoins should take precedence.

Operations:

1. Place a short order near $BTC 76900, with a stop loss at 77700 and a target of 74000. No shorts on Ethereum or SOL.

2. Aggressively go long if Bitcoin pulls back to 73500, with a stop loss at 72700. For $ETH , aggressively go long if it pulls back to 2800, with a stop loss at 2760. For $SOL , aggressively go long if it pulls back to 192.5, with a stop loss at 188.5.

3. If the aggressive long position is stopped out, re-enter near 71200 for Bitcoin, and the same applies for Ethereum and SOL.