Short-seller retreat whales continue to increase their holdings, bullish remains unchanged! November 25th Bitcoin Auntie's market analysis and operational strategy
Now even the weekends do not have light trading, yesterday Bitcoin retreated and broke the 96000 mark, hitting a minimum of 95829, while Ethereum was slightly stronger, rebounding from a minimum retreat to around 3284. In the evening, the first retreat around 97500 to go long, regretfully stopped out at 500 points. At midnight, going long around 96500 and exiting around 98100 in the evening, capturing 1600 points!
From the daily perspective, the weekend saw a Yin-Yang conversion, and both days closed with long lower shadows, indicating strong support against downward movement. Yesterday's retreat cleared over 400 million dollars worth of chips, and during this retreat, whales continued to increase their Bitcoin holdings! The protective behavior is quite serious! Therefore, be cautious when chasing short positions in subsequent operations!
Overall, from a technical perspective, the hourly highs and lows continue to shift downwards, and during the weekend, the coin price fell intra-day, only to be strongly lifted in the early morning, showing a tug-of-war between bulls and bears! Therefore, as long as institutions are not heavily offloading, we should not be overly bearish! For intra-day operations, Conan suggests focusing on buying low! Watch for resistance levels at 98500, 99000, and 99700, support levels at 96500, 95600, and 94000.
November 25th Bitcoin operational strategy: Aggressive traders should enter long at 96000-96500, while conservative traders should enter at 95000-95500, with a stop-loss below 94000, targeting around 98500-99000. If broken, hold for around 99500.
Short position strategy: Initially testing short around 98500, with a stop-loss near 99000, targeting around 98000-97000. If broken, look for around 96500-96000.
Ethereum rose to around 3500 on Saturday, then fell back, and has since been consolidating at a high level, with volatility far lower than Bitcoin, so treat it as a range! Watch for resistance levels at 3400, 3450, and 3500, with support levels at 3280, 3230, and 3160.
November 25th Ethereum operational strategy: Aggressive traders should enter long around 3300, while conservative traders should enter at around 3250, with a stop-loss around 3200, targeting around 3350-3380. If broken, hold for around 3400-3450.
Short position strategy: Aggressive traders should short around 3400, while conservative traders should enter around 3450, targeting around 3350-3300. If broken, hold for around 3280-3250!
With a retreat of less than four thousand points, over 400 million dollars worth of chips were cleared. Everyone who blindly chases highs and cuts losses really needs to change their mindset!! If you can't pick the right points, you can follow Conan's strategy and we will charge together!