11.26 Bitcoin and Ethereum Market Analysis and Trading Suggestions
1. Bitcoin Review:
Overnight Bitcoin long positions were trapped, while Ethereum's long and short strategy performed well, successfully capturing the volatility. Last night, Bitcoin attempted to break through 99000 but failed, retreating to 62670 points, with a pullback of over 6000 points, possibly due to large holders selling off or excessive long positions. Nevertheless, the overall bullish sentiment remains unchanged, and short-term pullbacks can still be used for long positions.
2. Bitcoin Trading Strategy:
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Long Position: Aggressive traders can enter long positions at 93500-94000, while conservative traders can enter at 92500-93000, targeting 95000-96000. If broken, targets can be adjusted to 96500-97000, with a long-term target of 98000-99500.
Short Position: Initially test shorting around 96500, with a stop loss of 600 points and a target of 96000-95000.
Ethereum Review:
Ethereum's pullback is normal, and there is still potential for an upward movement after a short-term correction. Support levels to watch are 3400, 3350, and 3280, while resistance levels are 3560 and 3620.
Ethereum Trading Strategy:
Long Position: Aggressive traders can enter around 3400, while conservative traders can enter around 3350, targeting 3500-3530. If broken, targets can be adjusted to 3560-3600.
Short Position: Initially test shorting around 3550, with a stop loss of 40 points and a target of 3500-3480.
Summary:
Bitcoin's upward movement is hindered at 99000, possibly requiring news stimuli to break through. Ethereum's pullback after a rebound is a normal fluctuation, and it is recommended to continue watching for long opportunities after a correction.
