Waves in the Sea of Coins: 11.11 Bitcoin (BTC) market analysis reference:
Bitcoin showed a significant upward trend yesterday, successfully breaking the 80,000 mark during the day. In the early hours of today, the coin price retreated as expected, dipping to around 78470, and then rebounded, rising to the 81846 area, where it faced slight pressure and made a small pullback to gather strength, and then broke through the 82,000 mark, with the current coin price operating near 82000. Looking back at the long position short-term strategy given in last night’s article, the profits are still in hand.
From the daily chart observation, the candlestick pattern shows consecutive bullish increases, the current coin price stabilizes at the upper band, far above the EMA moving averages, and has broken the 82000 mark with a new high. The Bollinger Bands continue to open upward, MACD bullish momentum continues to expand, DIF and DEA are both steadily diverging upward, and the KDJ three values show no signs of turning. Overall, the bullish structure still leans towards bullish.
From the short-term hourly chart observation, the 4-hour Bollinger Bands show an opening posture, the current coin price fluctuates near the upper band, the EMA moving averages are in a bullish arrangement, the MACD histogram continues to be positive, and the fast and slow lines are steadily moving upward above the zero axis. On the 1-hour level, the Bollinger Bands channel maintains well, the MACD histogram has turned from negative to positive, the bearish volume is decreasing, and DIF and DEA are sticking together above the zero axis, showing signs of a golden cross. Moreover, as the coin price continuously breaks new highs, the support below is also being raised. Overall, the current structure is still leaning toward an upward trend, although there is a slight pullback after breaking new highs, it does not affect the overall trend. Therefore, the evening operation still maintains the strategy of buying on dips.
Waves in the Sea of Coins: 11.11 Bitcoin evening short-term reference:
Long position: Buy in the 80500-81000 range, with a stop loss at 79000, 500 points stop loss, target 81500-83000.
Waves in the Sea of Coins: 11.11 Ethereum evening short-term reference:
Short position: Sell in the 3310-3290 range, with a stop loss at 3400, 50 points stop loss, target 3200-3150.
Long position: Buy in the 3100-3130 range, with a stop loss at 3000, 50 points stop loss, target 3200-3250.
Article transmission has delays and is time-sensitive, personal opinions, for reference only, do not operate blindly! I hope everyone can adhere to their principles on the investment path, no matter how the market changes, maintain rationality and calm. Seize opportunities, each decision is just right, sail through the sea of investment, and reap wealth and growth!!!#BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH