Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so don’t rush into it. Even if there is a loss in the short term, there is nothing to be afraid of. As long as the subsequent direction is chosen correctly, what has passed away will eventually return again. However, you must pay attention to the timing of making orders and the current market trends, so that the winning rate will increase. At the same time, investment is also a process of growth. Mr. Coin recommends that all coin friends should learn while operating, and make timely self-summaries of profits and losses, deepen their understanding of risks, and have the correct mentality planning, so that they can reasonably avoid risks and become a qualified investor.
Mr. Coin in the Coin Circle: 11.20 Bitcoin (BTC) market analysis reference
Yesterday, Bitcoin opened and rose, and the price went up to the position above 92,000. The highest increase in the day was nearly 3,000 points. The subsequent pressure callback tested the support strength below, and rebounded strongly near 9,000. The market rose to 93,000 as expected. As of today, the market has not stabilized at the 93,000 level. The price has fallen again in the early morning. At present, the low has retreated to the 91,500 level. The current price rebound is running near the 91,800 position. There is strong pressure above 63,000. It is expected that the short-term market will maintain high consolidation during the day. It is recommended that everyone prepare in advance.
From the daily chart, yesterday's positive line ended. Although the market is under pressure and has adjusted, the general trend has not changed. If the price can rise again and stabilize above 93,000, the market is expected to move further up to a new historical high. The current trend is short of follow-up supply for bulls, and the market correction will swallow up the gains of yesterday evening, and the low has touched the key support near 91,000. If it falls again, the price is expected to further drop to around 90,000.
Looking at the short-term hourly chart, although the market has retreated and rebounded, the upward momentum is not strong, and the current trend has shown signs of pressure. The price has failed to break through the middle track suppression position. There is still a risk of a pullback to test the support below. The overall trend tends to be volatile, so you can just operate high and low.
11.20 Bitcoin short-term reference:
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Long order, long in the range of 90500-91000, defense at 89000, stop loss at 88800, target above 91800,
Short order, short in the range of 93500-94000, target 500-800 points, defense 96000, stop loss 300
There is a delay in sending the chapter. The strategy suggestions are for reference only. The market changes rapidly. No matter how good your judgment of the market is, you must take the stop profit and stop loss well and put the profit in the bag.
11.20 Ethereum short-term reference:
Short order: 3240-3200 short, defense 3380 cover, stop loss: 3400 target below 3150,
For long orders, focus on the 2900-2960 range, stop loss 50 points, and target above 3060.
There is a delay in sending the chapter. The strategy suggestions are for reference only. The market changes rapidly. No matter how good your judgment of the market is, you must take the stop profit and stop loss well and put the profit in the bag.
For more real-time orders every day, you can follow my public account and get my name. You can learn online trading techniques, get out of the market, etc. I have been studying the market for many years, studying the general trend of the currency circle, and studying in the United States for many times. I mainly analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For those who don’t know how to operate, welcome to study together.
The content of this article is exclusively shared by Mr. Bi in the currency circle. It only represents Mr. Bi's exclusive views. There is a delay in sending the article. Risks are borne by the user. When placing orders, control the positions reasonably. Do not operate with heavy or full positions. Mr. Bi hopes that all fans and friends can achieve financial freedom, move forward together, and cheer together. Deep in time, hold a light understanding. You must learn to be optimistic in investment. Don't let your future self hate your present self. We live in reality, but not every data is revealed. Let the past be the past, and let the future come quickly! Rest yourself, sharpen your weapons, and be ready to go at any time. Come on!
——This article was written by Mr. Coin from the Coin Circle. Please refuse to plagiarize and respect the originality!
