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Bitcoin Ethereum Market Midday Trend Analysis and Trading Strategy (November 26, 2024)
I. Market Overview
Yesterday, the cryptocurrency market experienced significant volatility, with Bitcoin and Ethereum both showing a correction trend, but quickly regained lost ground, demonstrating the resilience of market bulls. In the current market environment, investors need to closely monitor key technical indicators and support levels to formulate reasonable trading strategies.
II. Bitcoin (BTC) Trend Analysis and Trading Strategy
Market Analysis:
Yesterday, Bitcoin's daily line closed with a large bearish candle, breaking below the 10-day moving average, with insufficient market buying pressure leading to weakened upward momentum.
From the 4-hour chart, Bitcoin's price is under pressure from the mid-band, and the Bollinger Bands are in a flattening phase, with the general direction still bullish.
The 1-hour chart shows that after Bitcoin's price retraced and broke below the mid-band, it surged with a shadow line, closing near 97300, which can be seen as a low point in the consolidation range.
Trading Strategy:
Midday trading advice is to lightly short near 9.6. If it rebounds to 9.68, then add to short positions, targeting 9.3-9.2.
In the 8.88-9 thousand range, consider entering long as a short-term buying opportunity after a pullback.
III. Ethereum (ETH) Trend Analysis and Trading Strategy
Market Analysis:
The daily chart for Ethereum shows a long upper shadow red K-line, with the price not breaking below the 5-day moving average, but selling pressure above and market uncertainty regarding short-term trends led to divergence above 3500.
The 4-hour chart focuses on the gains and losses of the 30-day moving average; as long as it holds, one can rely on this line to make short-term long positions.
Trading Strategy:
Midday trading advice is to lightly long near 3380, targeting 5-80 points.
Short positions can follow Bitcoin's trend; both long and short targets can be set low.
IV. Summary and Risk Warning
The cryptocurrency market is full of uncertainties and opportunities. Past trends provide reference for current decisions but cannot fully define the future. Investors must closely monitor real-time market dynamics while implementing the strategies above, flexibly adjust positions and strategies, and manage risks rationally to achieve ideal returns in this digital asset game. The analysis and strategies provided in this article are for reference only; investment involves risks, and caution is required when entering the market.
This article is independently written by (Coin Victory Group). Friends in need of current price strategies and solutions can find Coin Victory Group online. It mainly focuses on spot and contract trading for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles that revolve around high and low support and resistance short-term swing positions, mid to long-term trend positions, daily extreme retracement, weekly K-top predictions, and monthly head predictions.
