Saturday Layout Strategy on November 9th

Bitcoin experienced a significant price fluctuation at midnight, breaking through the 77,000 mark and soaring to a high of 77,199. However, this breakout was not sustained and quickly retraced, with the current price hovering around 76,000. On the Ethereum side, its price also surged significantly, reaching a peak close to 2,980, demonstrating a strong bullish trend.

However, rapid market increases are often accompanied by the risk of retracement. Given that Bitcoin is at a relatively high price level, and based on a comprehensive assessment of technical indicators and market sentiment, the momentum for continuous significant increases seems insufficient. The subsequent market is likely to enter a consolidation pattern, with a lower probability of large fluctuations in the short term. Although Ethereum shows strong bullish strength, it cannot be ruled out that the market may pull back to liquidate bullish positions. Therefore, in terms of intraday trading strategy, Yewei suggests considering going long at relatively low levels.

Saturday Operations

Bitcoin retraces to around 75,800-75,300, with a target of around 77,000-77,500!

Ethereum retraces to around 2,900-2,930, with a target of around 3,000-3,300!

Recently, market sentiment has been strong, and both short-term and swing trading have been smooth sailing. If you are unable to navigate the market well, trust Yewei, and you will not lose your direction; Yewei will take you on a journey through the cryptocurrency world. #DOGE看涨情绪飙升 #BinanceLabs投资BIOProtocol #Solana涨势分析 #大盘的下一步？ #BTC创历史新高 $BTC $ETH