The market is about to move, accurately predicting the long and short structure!

Morning Thoughts on November 12
Let's first look at the K-line trend. The K-line continued the sharp decline from the previous night, starting to drop from 98320, reaching a bottom of 94265 at two o'clock, and then began to recover upwards. During the rebound, Zhenkang bought long positions in Bitcoin at 94533 and exited at 95999, gaining a profit of 1500 points. For Ethereum, the entry was at 3535, and the exit was at 3597, gaining a profit of 61 points, cashing out six thousand dollars.

Now let's look at the 4-hour level. The market price is running at the lower Bollinger Band. Looking at the moving averages, the current resistance is between 96800 and 97300. The KDJ three lines are at a high position. From the indicators, the outlook is bullish, but the MACD buying power is insufficient across multiple time frames, creating a pattern of inducing buying.

Zhenkang provides a bearish outlook
For Bitcoin, watch the upper level at 97500 and look down to around 95800.
For Ethereum, watch the upper level at 3680 and look down to 3495-3480.