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At noon on November 18, Bishengtuan Bi Tianwang accurately grasped the trend of cryptocurrency and set a short range of 9.23-9.28 for Bitcoin. The market responded quickly and the profit exceeded 2,000 points. The short strategy of Ethereum near 3140 also ushered in an opportunity in the afternoon, falling back by more than 80 points, which was consistent with yesterday's analysis. Now the two are in a narrow range of short-term highs, and the subsequent operation analysis is as follows.
(November 19 Cryptocurrency Midday Operations In-Depth Analysis)
In the ever-changing landscape of cryptocurrency, the movements of Bitcoin and Ethereum are always in the spotlight. The daily chart of Bitcoin shows a unique situation, with a red K-line resembling an inverted hammer formed yesterday, making 9.25 a significant pressure area. However, the overall price still remains above the daily MA5 moving average, which means the short-term bullish trend remains solid. From the 4-hour chart, as precisely analyzed in yesterday's article, the K-line is firmly above the 4-hour MA30 moving average. The support of this moving average is crucial; as long as this line is not broken, the short-term price is unlikely to start a bearish journey. Therefore, in terms of operational strategy, we can treat this line as a dividing line for short-term long and short positions. Before it is broken, one can decisively go long during pullbacks; once it is broken, it is not too late to follow the trend and go short.
On the daily chart of Ethereum, a large bullish candlestick was formed yesterday, appearing strong but lacking follow-through, with a downward pullback occurring after breaking the daily MA5/10 moving averages today, making it difficult for the upward momentum to continue. At this time, the key short-term support focuses on the MA256 moving average, with its position at 3050 becoming an important point of attention. Meanwhile, at the 4-hour level, the position around 3100 is critical; this is where the 4-hour MA30 moving average support lies, and whether it can hold will greatly impact Ethereum's short-term trend.
Based on the detailed technical analysis above, here is the midday operational thought (writing time: 15:30)
Regarding Bitcoin: You can take a light position to go long at 9.03, and if there is a pullback to 8.95, then add to the long position, targeting profits around 9.2. When the price reaches around 9.2, you can take a light position to go short, targeting around 90,000.
Regarding Ethereum: Use the range of 3050 - 3200 as the operational range for high selling and low buying. Until a successful breakout occurs in this range, this strategy should be followed, and adjustments can be made based on actual conditions after a successful breakout.
It is particularly important to note that before the price of Bitcoin breaks below the 4-hour MA30 moving average (around 90,000), you should maintain a bullish mindset and actively go long, patiently waiting to consider short positions after a breakout. For Ethereum, focus on the support and breakout situation at the key position of 3050, using this as a core basis to flexibly adjust operational strategies, seizing opportunities for stable profits in the waves of cryptocurrency volatility.
Friends in crypto can enter the market in advance, but be sure to reserve space for additional purchases, and after adding to the position, control the average holding price of Bitcoin and Ethereum at around 92600 and 3160 respectively. At the same time, pay special attention to controlling the position size and managing investment risks reasonably.
This article is independently written by (Bishengtuan). Friends who need current price strategies and solutions can find Bishengtuan online. Recently, the market has been mainly characterized by fluctuations, accompanied by intermittent spikes, so when making trades, remember to control profit-taking and stop-losses. When facing major market data, Bishengtuan will also organize live broadcasts across the network, and friends who wish to watch can find Bishengtuan online and contact me for the link later.
Mainly focusing on spot, contracts, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, proficient in styles, moving lock position strategies revolve around high and low support and resistance for short-term fluctuations, medium and long-term trend positions, extreme pullbacks on daily lines, predictions for weekly K-top and monthly line tops.
