Li Shengting: 11.17 Bitcoin/Ethereum early morning market analysis and trading ideas
This evening, Bitcoin rose to around 91,500. The first-line bulls began to lose strength, and the lowest price touched around 89,900. Judging from the daily technical indicators, Bitcoin was forced to stretch against the broken position, and the third line of the KDJ technical indicator was also at a high level. From now on Judging from next week's weekly update, the level break will definitely be more serious. Bitcoin's low support can be referenced to around 0.168-0.381, which is around the golden section line of 83,000-76,000.
From the perspective of Ethereum, the rising sentiment of the daily technical indicators is weaker than that of Bitcoin. It can be seen from the BOLL technical indicators that Bitcoin’s BOLL technical indicators are in a serious breakout situation, while the BOLL technical indicators of Ethereum have been suppressing the current currency. From this period of time, we can also clearly observe that a large amount of funds have flowed into Bitcoin to buy it. Although Ethereum has also made up for the increase, it has not reached the same increase as Bitcoin. According to previous years, The current price of Ethereum is at least around 5k. From the market point of view, this is actually closely related to Trump’s victory. Now the old and the United States most likely want to support Bitcoin and use Bitcoin to weaken it. Debt crisis, but from the perspective of technical indicators, adjustments will still be made. It is just a matter of sooner or later. If the market goes unilaterally, it will also be accompanied by the repair of technical indicators, and then there will be rising volume, so the trading idea in the early morning remains unchanged. It is recommended Mainly high altitude
Ethereum: Short positions in areas around 3100-3150. Stop loss: 3197. Target: 3050-3000.
Bitcoin: Short positions near 90500-91300. Stop loss: 92600. Target: 89600-87500#市场回调，观望还是上车？ #BTC #ETH $BTC