Trader Liang Qiu: 11.29 Bitcoin/Ethereum Trading Strategy with Market Analysis

The high short strategy for Bitcoin/Ethereum in the morning layout, with timely profit-taking notifications during the afternoon drop, has overall space that is quite good. In fact, here the clients in the market took profits on their short positions and then reversed to go long, exiting before fully reaching the space around 3600. Basically, Bitcoin and Ethereum have been operating in sync. Currently, the market has risen again, to be honest, it is somewhat beyond expectations, especially with the weekend approaching; a high market also means bulls are eager to act. Currently, Bitcoin has once again broken through the important level of 98000, and the key is whether it can hold steady. For Ethereum, we are paying attention to the stabilization around the 3650 line.

On the four-hour chart, Bitcoin's 98000 to 98500 line is also a dense area of chips in this round of rising market, and there is definitely some pressure. Unless there is a large volume surge, otherwise it will still face high pullbacks. At this point in the market, to be honest, there is nothing to worry about, just manage the high pullbacks, maintain good stop-losses to guard against high breakouts, and chasing the long positions is not advisable.

In the evening operations, short positions for Bitcoin should enter around 98300 to 98800, with a target near 96500; for Ethereum, short positions should enter around 3640 to 3670, with a target near 3550, and stop-losses at 99600 and 3690 respectively. Currently, the market is primarily in waves, and this publication is effective; specific guidance should be based on real-time instructions. #比特币打破感恩节魔咒 #市场回暖新机遇