Thursday, November 14: Morning Thoughts and Insights

After Bitcoin reached a high and fell back yesterday, it rose strongly again last night, hitting a recent high, and then showed a trend of reaching a high and falling back, which is a common trend in recent times. The high-level profit-taking caused the short-term price to fall back and close lower. The daily line formed a small positive K-line with a long upper shadow. It is currently in a high-level consolidation stage and is expected to fall into a period of high-level saw-saw shocks. The daily chart shows an alternating yin-yang shock cycle, and the real K-line gradually shrinks.

The four-hour chart shows that after Bitcoin reached a high, a small negative line retracement appeared. Although the upward momentum is sufficient, the Bollinger band opening and the upward trend line are still strong, but the high-level retracement has weakened the upward momentum, and the price fluctuation space may shrink slightly. From a structural point of view, part of yesterday's upward space has been given up, and the lower shadow is long, so the bullish thinking in the morning remains unchanged, and it can be long when it falls back.

The trend of Ethereum is similar to that of Bitcoin. It is also in a relatively high level of shock consolidation. Technical indicators show that the forces of both long and short sides are in a dynamic balance. The short-term upward trend is still continuing, but it is also facing certain correction pressure.

Thursday operation suggestions

Bitcoin can be long near 90300-89800, with a target of around 92000!

Ethereum can be long near 3180-3150, with a target of around 3280!

The market is in a good mood recently, and both short-term and swing operations are going smoothly. If you can't grasp the market well, look for Ye Wei, you will not lose your way, and Ye Wei will take you on a journey in the currency circle. #BTC冲破9万 #美国CPI公布后降息预期上升 #BTC连续破新高，你看到多少？ #PNUT走高 #币安获CCData最高评级 $BTC $ETH