11.29 Friday morning strategy:
The currency price dropped to the 94768 line in the early morning and then the bulls began to rebound. The current highest rebound is as high as the 95810 line. After Ethereum stopped testing the 3531 line at midnight, it began to recover, rising as high as 3602. The midnight pancake order laid out by Lao Yu last night was as expected and cost more than 1,200 points.
Judging from the 4-hour K, it is currently showing a concussive upward trend, the short-term correction is limited, and the main structure is bullish. Looking at the hour K, after the Bollinger Bands closed, the Xiaoyin K-line briefly fell below the middle track. After stopping the lower track, it immediately turned positive and recovered. Yesterday's market did not fall back during the sideways fluctuations. This is a typical example of a very strong pattern. Characteristics, in this case, from a short-term perspective, it is not advisable to overly expect a larger price retracement. Instead, a more aggressive bullish strategy can be adopted to seize the investment opportunities in the strong rise of the market. The big pie has gone through a period of correction, and now there are various signs that this correction phase has ended. It still has the potential to continue to rise, and the big pie is returning to a strong rhythm.
Friday morning action suggestions:
The pie is more than 95,500, and the target is 97,500
Ethereum 3550 goes long directly, the target focuses on 3650