November 11, Monday, Bitcoin and Ethereum Early Morning Strategy Revealed!

Monday marks the beginning of a brand new week. No matter what we experienced last week, today is a wonderful opportunity to let go of the past and embark on a new journey. Let us step onto this seven-day journey of multiplication with bright smiles and full expectations!

In the early hours, the price of Bitcoin dipped to around 78,500 before quickly rebounding. This pullback coincidentally touched the Fibonacci level, reserving ample space for subsequent rises. There are still 19 days until the annual K-line closing, during which Bitcoin is expected to sprint towards the 90,000 mark.

Currently, Bitcoin's trading volume continues to rise. On the 4-hour chart, the breakthrough at 81,000, along with the intersection of the high point, midline, and trend line, has collectively built a key bullish support in the short term. As long as the price can maintain above the aforementioned level, the strong pattern of Bitcoin will not change. Today, watch for resistance at 83,000, while the short-term support is at 79,500. The attached chart shows that the death cross in the MACD indicator is shrinking, while the KDJ indicator in the technical aspect has already shown a golden cross pattern. Overall, after a slight pullback, Bitcoin presents a good opportunity to set up long positions.

Monday Morning Operation Guide:

Bitcoin (BTC): Consider entering when the price pulls back to the 79,000-79,500 range, aiming for around 81,700.

Ethereum (ETC): Consider entering when the price pulls back to the 3,145-3,125 range, targeting 3,280.

Of course, technical indicators are only for reference. If you feel confused, you might follow Brother Liang's footsteps. I may not guarantee that you will always win big, but I can certainly help you avoid losses and save you from taking many detours!