Analyst Chen Shu: Bitcoin and Ethereum market strategy No. 1 at noon on November 13, the short-term correction trend is obvious, short first look at the 8.4 support
The analysis at noon on November 12 gave a long idea, 8.77/3300 long, the European session began a rapid decline to the low point of 8.55/3220, and then rebounded to the high point of 8.99/3300 and then got out of the correction. Please see the following analysis for how to operate after the short-term obvious correction.
From the daily chart of Bitcoin, yesterday's daily line received a small negative K with a lower shadow, and the daily level of the upward trend temporarily stopped. Pay attention to whether the price will step back to the daily MA5 daily moving average (84000) line; 4 hours look at the failure of the high point of 8.99 again last night, and currently received 3 green K lines and currently fell below the 4-hour MA5/10 daily moving average. The short-term correction is obvious. It is recommended to operate the trend of short first and then long during the day, and pay attention to the 8.4 daily support.
From the daily chart, Ethereum closed with a big negative line yesterday and continued today. At present, the price has a trend of retracing to test the daily MA256 daily moving average (3065). The short-term bearish trend is also obvious. The support will first look at the gains and losses of 3060. If it can hold after breaking through, it can be seen that there will be a wave of shocks. Otherwise, it will test the daily MA10, which is 2950, downward.
Lunchtime operation ideas (writing time: 15:00):
BTC: light short position near 8.68, increase short position at rebound 8.72, target 8.5, reduce position after break and hold to look down to around 8.4 (consider going long when it first falls to 8.4, overall maintain the idea of short first and then long)
ETH: light short position near 3140, increase short position at rebound 3180, target 3060, reduce position after break and hold to look down to 2950, consider long position following Bitcoin
Note: The trend of short-term callback is more obvious, don't go long at this position now, the long position is considered at 8.4/3050, but it depends on the specific trend, short position first, don't rush long position.
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