(Summary for Wednesday, November 12) This month has seen several rounds of back-and-forth between bulls and bears; the market is truly counterintuitive!

Heyang has consistently maintained a bullish outlook, but seeing the market's upward movement hindered this evening, he decided to pause, thinking a pullback would provide a better advantage to continue. However, things didn't go as planned, and the situation completely deviated from technical analysis, being significantly influenced by CPI news. Ultimately, the market rose against expectations, and our previous positions were regrettably stopped out, leading to a significant loss... There's no need to hide this; since we placed the orders here, we also strictly set our take profit and stop loss targets. Losses are losses, and we must provide an explanation to everyone! Thoughts are thoughts, and specific actions are actions; those who understand will surely get it. Without further ado, let's look at the analysis from the early morning!

From a technical structural perspective:

Whether it’s the bullish or bearish camp, they are all part of this market. Moving forward, we should pay close attention to the key level of 93,500 below and 101,500 above. Yesterday's double bottom setup has provided ample preparation for today’s rise. Currently, the daily price has recovered from the pullback, and from a volume perspective, it is clear that the rhythm remains in a bullish state. The entity release drives the downturn, while a decrease in volume indicates an upward trend. The moving averages may twist in conjunction with an overall correction, but there hasn't been a continued pullback, so the general direction still leans towards rising!

From a short-term hourly perspective:

In the four-hour chart, today's market has seen six consecutive bullish candles recovering from the pullback. The short-term break above the 100,000 mark has not yet shown much retracement strength, so we can continue to follow the trend moving forward.

In summary, Heyang suggests:

Bitcoin: 99,700-99,300 bullish, target around 101,500

Ethereum: 3,780-3,750 bullish, target around 3,900 near #加密市场反弹 #BTC重返10万 #美联储12月降息预期上升 #XRP逆势反弹 #重大空投观察 $BTC $ETH