November 13th, Wednesday Noon Report on BTC and ETH

In reviewing yesterday's market trends, Bitcoin's performance was particularly noteworthy, as it once again set a new all-time high, reaching a price of 90700. With trend-following operations, we also exceeded our position doubling task.

However, the pullback yesterday was also the deepest since the election, with prices dropping to a low of 85159, causing us to incur some losses on current positions.

Looking at today, the market situation for Bitcoin is as follows: starting from a high at 89920 in the early morning, it showed a downward oscillation trend, and by around 10:30 AM, it had oscillated down to approximately 87000. Meanwhile, Ethereum also exhibited a downward oscillation, with its price dropping to around 3210.

Further analysis of the four-hour market situation shows that for Bitcoin, bullish momentum seems to have encountered significant pressure after touching the 90000 mark, which has affected market trends. On the Ethereum side, after its price touched 3450, the market showed a reversal.

Based on the above market performances and development trends, our operational strategy for today can only adopt a short position at high levels. Specific operations

Suggestions are as follows:

For Bitcoin (BTC) suggestions:

You can consider shorting in the range of 89500 - 90000. The target price for this short position is set around 85000, and investors should grasp profit opportunities and manage risks according to the actual market trends.

For Ethereum (ETH) suggestions:

You can consider shorting in the range of 3320 - 3340. The target price for this short position is set between 3200 - 3220.

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