11.14 In-depth analysis of the day:
The most valuable wealth in life is investment in oneself. Learning from experienced people to avoid detours is undoubtedly a convenient way to create wealth.
Yesterday, BTC rebounded after hitting the bottom at 86,000, climbing all the way to 93,200. However, it fell to 88,000 in the early hours of the morning. The fluctuation of more than 10,000 in the meantime was extremely large, which was astonishing! This situation perfectly illustrates the strength of the bullish trend and the unwillingness of the bearish forces.
In the early trading stage, there was a rapid decline again. From the perspective of the K-line pattern, it still showed a phenomenon of alternating between one yin and one yang. In this case, the K-line will inevitably return to the moving average first, and it is expected that the K-line will show a strong upward trend in the morning.
In addition, the 89,200 line is a very obvious support level. Based on this support level, we can expect a price rebound. The current moving average and the K-line have a large deviation, which is an abnormal phenomenon. The K-line will inevitably approach the 50-day moving average. For BTC, you can go long directly when the price falls back.
Specific operation suggestions are as follows: Go long on Bitcoin near 89300 - 89000, with a target price of 91000 - 93000 (when the current price is 89500, you can go long partially first). For Ethereum, you can go long at 3150 - 3130, with a target price of 3250 - 3350.
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