24.11.27 Bitcoin Ethereum Night Market Analysis
【Market Review】
Today’s lowest point was a spike at 90800, it's quite regrettable that we didn’t catch the low long position at 90155 that we discussed last night.
Currently, the market has reached around 948, having pulled up 4000 points. For now, we are seeing a short-term stop in the decline.
However, it cannot be confirmed as a trend reversal yet, so we are still holding the short position at 986!
At the same time, there’s no rush to enter long positions; we need to wait at least until tomorrow to confirm the upward trend before I will guide you on entering the long side.
The short position at 94772-956 given this afternoon has already been taken, this is a short-term opportunity for those with empty positions,
Since it’s a left-side trade, the position size is small, focusing on the position. So please set your stop-loss!
【Bitcoin Night Market Analysis】
Tonight's key levels to watch are whether 95500-95800 can effectively break through!
An effective breakout will challenge the resistance levels at 965-98.
If it doesn’t rise above, then there is still a possibility of retracement, returning to where it came from. There’s even a risk of dropping below 9.
Therefore, in this situation, it’s advisable to remain in cash, hold your hands off, and wait for signals to appear.
We will receive the latest signals tomorrow, so today’s operation is to remain inactive.
Let’s hold on to the short position at 986 for now; this short is quite exhausting, and holding a long position isn’t very favorable.
We decided to take half profit at 935!
Let’s see how it goes tomorrow.
No feeding tonight.
【Ethereum Night Market Analysis】
Ethereum is performing very strongly, with the lowest spike at 325 not breaking down,
Today it has already V-shaped risen by 200 points.
So this coin has been giving you operational opportunities recently,
Because it’s not a good time to short, and it’s also not ideal to chase shorts!
In terms of operation, it's primarily wait-and-see; we will wait for the Bitcoin signals tomorrow!
There will also be no operational feeding tonight, brothers, have a good sleep!
【Casual Chat】
If you have any questions, feel free to leave a message in the comments,
Including questions about altcoins, you can also ask me; I won’t be live streaming for the next few days,
I will be back next week for you guys.