Trader Chen Shu: Strategy analysis for the evening of 11.25. Bitcoin is sluggish; pay attention to the US stock market's opening situation, and Ethereum's focus is on the continuation of the recovery.
Bitcoin rebounded above $98,000 today with basically no fluctuations, maintaining a narrow range above the MA5/10/30 day moving averages. Currently, it has not lost the support of the 30-day moving average on the 4-hour chart. It is expected that there will not be significant fluctuations before the US stock market opens. Keep an eye on the market trend changes after the US stock market opens tonight. In terms of operations, it is still recommended to take a long position and patiently wait for pullback opportunities. The overall thought remains consistent with the analysis mentioned in the midday article, first looking at the gains and losses of the 30-day MA on the 4-hour chart and the 5-day MA on the daily chart. If it loses support, watch for a pullback to the daily MA10 at around 95,000. For US market trading, wait for pullback opportunities to go long.
Ethereum welcomed a recovery opportunity today, directly testing and breaking through the 3500 high point. Currently, it has maintained several consecutive positive hours above the 5/10 day moving averages, and the 4-hour MACD has formed a golden cross pointing upwards. If it can continue to hold the 1/4 hour MA5/10 day moving averages and move upwards tonight, we can continue to expect further recovery.
Evening strategy:
BTC: 9.76 light long position, add long at 9.7 on pullback, target above 9.85. ETH: 3480 light long position, add long at 3430 on pullback, target above 3600.
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