Analyst Chen Shu: Bitcoin and Ethereum market strategy No. 1 at noon on November 14, short-term long and short divergences, pay attention to the gains and losses of the 4-hour moving average
The analysis at noon on November 13 gave the idea of short first and long later. There was indeed a slight decline in the afternoon, but then it started to rise slowly, and then it started to rise sharply with the release of CPI data in the US market, breaking through the historical high again. The decline was limited. At present, the short-term continues to maintain high consolidation. Please see the following analysis for how to operate.
From the daily chart of Bitcoin, yesterday's daily line received the K-line with upper and lower shadows, and the retracement strength has not reached the daily MA5 daily moving average support. The overall trend is still in a bullish market. Today, pay attention to whether the 8.8 daily MA5 daily moving average support is effective; in 4 hours, the overall market is still fluctuating above the 4-hour MA5/10 daily moving average. As long as the short-term does not completely lose this line, it will still be a bullish market, and to exclude the false break signal like yesterday, the support will first use 8.9/8.8 as the low point support of the bullish trend.
From the daily chart, Ethereum received a negative K with small upper and lower shadows yesterday, and the price fell below the daily MA5 daily moving average support. From the daily chart, if it continues to maintain a weak correction today, Ethereum may pull back to test the MA256 daily moving average (3060) support. The pressure level will first look at the daily MA5, that is, the 3250 pressure. If it breaks 3200 in the short term, it may fall back to 3060.
Lunchtime operation ideas (writing time: 16:00):
BTC: 8.93-8.86 This range is lightly long, and the target can be around 2000 points; short orders need to wait until it falls below the 4-hour MA5/10 daily moving average before considering a callback short order.
ETH: Rebound in the 3250-3300 range with a light short position, target 3100/3060, long positions follow Bitcoin but the space is small
Note: The overall market remains in a wide range of fluctuations, and there is a possibility of a downward break and callback at high levels, but it is not possible to predict whether it will come and when it will come. Just keep an eye on the break of the 4-hour MA5/10-day moving average to judge. Before it breaks, treat it as a callback and go long.
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