Evening Thoughts on November 17: Today's bullish outlook continues from yesterday. In a strong market, we can only go long; shorting carries too much risk and does not correlate with overall earnings. This morning and afternoon, we targeted Bitcoin around 105500-106000, looking towards 108000, and then the market surged to the 107502 level. This was a perfect anticipation for this evening's move, and our Bitcoin position once again captured nearly 1000 points of space, while Ethereum's performance was slightly weaker, only gaining around 30 points. Overall, the thought process aligns well with the market dynamics. The levels were also controlled quite accurately; in such a market, as long as the levels are accurately controlled before entering, it becomes easy to profit. Recently, we have adjusted some strategies and plans, and the market sentiment is quite enthusiastic. If needed, you can directly reach out to Teacher Ye Fan.
From the current market perspective, the daily line clearly shows a one-sided upward trend for Bitcoin, with bullish candles appearing, and the half-box pattern gradually improving. After a strong rise in the evening, the rebound highs are steadily increasing, with significant bullish momentum recovering lower space, indicating that the subsequent upward trend is merely a matter of time. Bullish volume signs are already evident, and the market remains firmly in an upward center, with its momentum continuously growing, and moving averages clearly pointing upwards. If today closes with a bullish candle, the 105500 area will solidify as a short-term bottom. Multiple technical indicators point towards a gradual yet firm upward trend.
Trading Suggestions: Bitcoin: Long at 106500-106000, target at 108500; Ethereum: Long at 3980-3960, target at 41000.