BTC and ETH records at noon on Thursday, November 14:
Last night's CPI data and US stocks ignited the market's positive sentiment, and the market continued to rise. At 0:13 am, Bitcoin (BTC) once again set a new record high of 93421.1, which once again verified the correctness of our analysis yesterday.
After setting a new record high, the market showed signs of a retracement, and it fell back to around 88,000 at around 5 am, and then entered a state of shock. The market situation of Ethereum (ETH, the "two cakes" here are speculated to refer to ETH) is roughly similar to that of Bitcoin.
From the four-hour market, although Bitcoin's retracement momentum is strong, as long as we know that we are currently in a bull market, we will not lose our judgment direction. In short, there are opportunities for both long and short positions in the short term, but the general direction is still to go long after the retracement.
Suggestion:
Bitcoin is long in the range of 88,500-89,000, with a target price of 93,000-94,000.
Ethereum is long in the range of 3140-3160, with a target price of 3340-3360.
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