Cryptocurrency Circle Yuelin 11.26 Tuesday, Bitcoin, Ethereum Morning Strategy!
Good morning to all friends in the cryptocurrency circle, I am your lucky goddess Yuelin. Overnight, the price of Bitcoin plummeted again! Fortunately, Yuelin turned around to short in time at midnight, waking up in the morning to harvest over 2000 points of space. The midnight reference was around 96000 for shorting, which was perfectly executed, even slightly larger than our expected retracement. Today, it's still short!
The current market is completely under the control of bearish forces. To reverse this unfavorable situation, several core factors need to be monitored: the price must quickly rise above the trend line to create a false breakout pattern, or a significant amount of selling must occur on the daily chart in the near future, forming a long lower shadow trend. If the current slow downward trend continues, we need to wait for the daily chart to show a bottom area of oscillation consolidation and accumulation of positions. However, as of now, none of the above conditions have been met, so the market remains in a downward channel. Next, our response strategy will focus on shorting as the main direction, aligning with the market's rhythm for layout.
Tuesday Morning Operation Strategy:
BTC: Short at 94000-94500, Target 92600-90000
ETH: The second coin currently shows no signs of going down, just hold cash
Of course, technical indicators are just a reference. If you have no direction, remember to follow Yuelin and keep up with my steps. Yuelin may not make you win every battle, but it can definitely help you avoid losses and take fewer detours!