11.22 BTC, ETH evening analysis: Risk aversion surges, find the key position to start
In the past two days, the price of Bitcoin has been continuously moving upward, and the overall trend is consistent with the view of the post that it has reached a new high. However, after multiple new high adjustments, the bulls are relatively strong, resulting in a very small pullback, which did not hit below the trend line. In particular, the escalation of the Russian-Ukrainian war has led to a surge in risk aversion in the crypto market, approaching the 100,000 mark. When the market is bullish, you must remain in awe. If you go long, you can stop when you see a good opportunity to avoid being trapped at a high level. Focus on the large-scale top divergence of the daily line to prevent a change in the market. If the trend chart has not changed, follow the trend chart first. Once it retreats and falls below 95,000, it will be a big drop.
From the 4-hour chart of BTC: After five or six days of consolidation, the big cake broke through the upper trend line upward. It is very clear that the trend line and the daily chart have diverged. At present, the risk of going long is relatively high. It is more appropriate to wait for the retracement of the upper trend line and the lowest trend line to open a long position. Since the attached indicator is currently turning downward, the trend indicator diverges. First, the high-altitude is the main focus. Once the lower trend line cannot be broken, it will inevitably rise. The two key support points below are currently at 95,700 and 92,500. Going long is also to wait for the retracement trend chart to go long, just take a good defensive position!
BTC evening strategy: short at 98200-98700, target around 95700!
ETH evening strategy: short at 3315-3335, target around 3180!
