Zhou Yanling: How much longer can Bitcoin approach $100,000 on 11.23? Ethereum can go long if it doesn't break below 3250.
Bitcoin hits a new high every day, with the daily cycle price continuously breaking through moving averages, repeatedly pressing moving averages down. From a long-term perspective, we can continue to rely on the support of daily cycle moving averages to go long on Bitcoin. Recently, this continuous one-sided rise has been quite fierce, and now it shows overbought conditions at high levels. Although the trend is still bullish, it faces a pullback adjustment in the short term. Everyone shouldn't panic; the major trend hasn't changed, just a slight adjustment. In the short term, there is currently a pullback pressure on the 4-hour and 1-hour charts. The current MACD is in the positive area, showing signs of downward convergence, indicating a need for adjustment in the short term. The RSI value is close to 70, entering the overbought zone, indicating a pullback risk. The current price is below the EMA7, approaching the EMA30. If it breaks below the EMA30, further pullback needs to be warned; the EMA120 is far below the current price, and the long-term trend remains bullish. The thinking is clear: any pullback is an opportunity for us to go long again. A one-sided market is like this; a pullback is an opportunity to go long. Never guess the top; touching the top has its costs. Like Yanling, go with the flow; when given the opportunity, enter long positions, and when not, stay in cash. It's simply delightful.
11.23 Bitcoin operation strategy:
1. 97500-98100 long, stop loss below 97000, target 99500-100000, continue to rise to around 101500
2. 99500-99000 light short position, stop loss above 100000, target 98000-97400
11.23 Ethereum operation strategy:
1. 3270-3310 more, stop loss below 3230, target 3390-3430-3460, continue to rise to around 3560
2. 3405-3360 short, stop loss above 3440, target 3315-3280-3250
[The above analysis and strategy are for reference only. Risks are to be borne by oneself. The article's review and publication may be delayed, and the strategy does not possess timeliness. Specific operations should follow Yanling's real-time strategy.]
This article is exclusively shared by senior analyst Zhou Yanling (WeChat official account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. For more real-time community guidance, consultation on uncovering positions, learning market analysis skills, etc., you can follow the teacher's official account: Zhou Yanling to find the teacher.
