Zhou Yanling: November 24 Sideways Oscillation Accumulating Strength, Next Week Bitcoin and Ethereum Latest Trend Prediction Analysis
The weekend market is relatively quiet, and temporary sideways movement does not indicate a trend reversal. Yanling believes that friends holding long positions need not panic; the sideways period is a crucial stage for accumulating strength for the next push. Do not underestimate the fluctuations during these few days; you can treat it as a short-term trading opportunity, trading back and forth. The market cannot only go up without going down; this process must accompany healthy oscillation and consolidation. The overall trend still waits for support to stabilize before accumulating strength for another upward push. You just need to keep this mindset clear, and any market operation can be easily handled.
From a technical perspective, Bitcoin's K-line is still in a clearly upward trend, especially with a significant surge between November 21 and 22. On November 23 and 24, the price oscillated at a high level, forming a certain consolidation pattern. The current technical indicator MACD is in the negative area, but DIF and DEA are gradually approaching, indicating that there is momentum for a short-term rebound. RSI is currently above 60, close to the overbought range, and caution is needed for a pullback risk. EMA7 (98198.91) has crossed above EMA30 (96468.02) and is far from EMA120 (87636.17), showing that the strong bullish trend is still continuing. Additionally, the recent surge in Bitcoin has become one of the hottest discussion topics in major financial circles, with trading volume significantly increasing and market participants being very enthusiastic, attracting more new investors and funds to enter the market. Therefore, there will still be some development space in the cryptocurrency market to continue. Long-term bulls need not rush to exit; continuing to hold and observe is fine. It's also not a problem to take short-term shorts during this period.
11.24 Bitcoin Trading Strategy:
1. Short at 99000-98500, stop loss above 99500, target 97800-97200, if it continues to break down, watch around 96200.
2. Long at 97100-97600, stop loss below 96500, target 98500-99000, if it continues to rise, watch around 99600; if it breaks 100000, watch around 101500.
11.24 Ethereum Trading Strategy:
1. Short at 3460-3430, stop loss above 3500, target around 3380, if it continues to break down, watch 3310, then around 3260.
2. Long at 3300-3340, stop loss below 3260, target around 3450, if it continues to rise, watch around 3500, then around 3570.
[The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and release may have a delay, and the strategies may not be timely. Specific operations should be based on Yanling's real-time strategy.]
The content of this article is exclusively shared by senior analyst Zhou Yanling (public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, primarily analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contract/spot operations. If you want to learn more about real-time community guidance, unblocking consultations, trading skills learning, etc., you can follow the teacher's public account: Zhou Yanling to find the teacher.
