Waves in the cryptocurrency sea: 11.12 Bitcoin (BTC) market analysis reference:
The recent trend of Bitcoin shows a strong upward movement. Today, the price once again broke through the historical high, rising directly to the 89,940 mark, just a step away from the 90,000 threshold. It then faced pressure and quickly pulled back over 4,500 points, followed by a rapid rebound of 2,300 points. Currently, its movement fluctuates around the 86,000 position.
From the daily chart observation, the daily line continues to maintain a strong bullish K-line, with the price breaking through to create a new historical high. The Bollinger Bands continue to open upwards, with an increase in bullish momentum on the MACD. Both DIF and DEA are steadily diverging upwards. In the KDJ indicator, the J value has slightly turned at a high position. Although there is currently a pullback in the market, the overall structure still leans towards bullish.
From the short-term hourly chart observation, the 4-hour Bollinger Bands show an opening posture. After breaking the high, the price displayed two consecutive bearish bars. The MACD histogram shows a decrease in bullish volume, with the fast line turning downwards. In the 1-hour level, the Bollinger Bands are narrowing, with MACD turning from positive to negative. DIF and DEA are merging at high levels, forming a death cross moving downwards. Overall, the current short-term structure leans downwards, and further pullbacks to test lower support are expected. I urge friends in the crypto space to prepare well in advance. For evening operations, it is advisable to first observe the pullback, then choose the right moment to enter long.
Waves in the cryptocurrency sea: 11.12 Bitcoin evening short-term reference:
Long position: Buy in the range of 84,000-84,500, protect at 83,000, stop loss at 500 points, target 85,000-86,000.
Waves in the cryptocurrency sea: 11.12 Ethereum evening short-term reference:
Short position: Sell at the current price of 3,260, protect at 3,360, stop loss at 50 points, target 3,200-3,150.
The article is sent with a delay and has time sensitivity. This is a personal opinion and for reference only; please do not operate blindly! I hope that everyone on their investment journey can adhere to their principles regardless of how the market changes. Stay rational and calm. Seize opportunities, and make every decision just right. Navigate through the ocean of investments and reap wealth and growth!!!#BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH