Analyst Chen Shu: 11.22 midday Bitcoin and Ethereum market strategy *No. 1, the long position strategy again confirms to continue going long and look for 100,000!
On November 21, the midday analysis provided long position strategy ideas, Bitcoin gave a long position at 9.55, and Ethereum gave a long position strategy at 3050. At midnight, again provided long positions at 9.7/3330, Ethereum perfectly entered the market with a maximum surge to 3430, gaining over 100 points. The long position idea is correct, and currently continues to maintain a strong test of how to operate at $100,000, please see the analysis below.
From the daily chart perspective of Bitcoin, yesterday's daily line formed a large bullish candle with prices strongly reaching above 99,000, just a step away from the $100,000 psychological barrier, with a clear bullish trend; the 4-hour chart shows the overall price steadily challenging the $100,000 psychological barrier along the MA5/10 daily moving averages. Once it breaks through $100,000, the market's psychological price may accelerate the upward trend. Daily operations should wait for a small pullback to go long.
From the daily chart perspective of Ethereum, yesterday formed a large bullish candle with increased volume, and today’s continuation is about to test the previous high point of 3450, with a large possibility of breaking through it. The next bullish target is 3550; the 4-hour chart is currently showing strong consecutive bullish candles. Although there is a divergence in the short-term bulls and bears, leading to a stagnation, the bullish trend is still obvious, and the operation should wait for a pullback to go long.
Midday operation ideas (writing time: 14:00):
BTC: Light long positions around 9.85, add positions on pullback to 9.75, target above 100,000.
ETH: Light long positions around 3370, add positions on pullback to 3330, target 3450/3500
Note: Recently testing the breakthrough of 100,000 is inevitable, give up the idea of going short, wait for a clear peak and pullback opportunity above before considering going short, and focus on the pullback long entry opportunities at the MA5/10 daily moving averages on the 1/4 hour.
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