One hundred thousand life and death pass, not breaking the middle line is empty! 11.24 Bitcoin Auntie's market analysis and operational ideas

Bitcoin has continuously reached new highs for five days, with five consecutive daily gains. Early in the morning, it reached a maximum of 99660 but has not broken through the one hundred thousand mark. The daily moving average indicators are in a bullish arrangement, the Bollinger Bands are trending upwards, and the coin price is running below the upper band. The KDJ three lines are turning down at a high position, and the MACD double lines are extending upwards, with reduced volume. The bullish momentum on the daily chart is slightly slowing down!

Looking at the four-hour chart, the coin price is consolidating at a high level. The Bollinger Bands are trending upwards, and the auxiliary indicators show that the KDJ is diverging downwards, forming an initial death cross structure at a high position. The MACD is also turning down, with significantly reduced volume!

From a comprehensive technical perspective, the bullish momentum has slowed down, but the bullish trend has not changed. Weekend trading is light, and the possibility of continuing to pull up is relatively low. Range trading can be implemented! Upper pressure levels to watch are 99000 and 99700, while support levels to watch are 97800 and 97000.

11.23 Bitcoin operational ideas: Aggressive traders can go long around 97800 on a pullback, while conservative traders can enter around 97000, with a stop loss below 96300. The target is around 98500-99000, and if broken, hold to look at around 99500.

Short position ideas: Aggressive traders can short around 99000, while conservative traders can enter around 99500, with a target of around 98500-97800, and if broken, look at around 97500-97300.

Every time the market hits a new high, Ethereum tends to lag behind. Yesterday, it again lagged behind the market, with a morning spike reaching 3367 before falling back! This aligns perfectly with the previous day’s idea of pulling back to go long! Currently, the market shows that short-term indicators are favoring bearishness, but the overall bullish trend has not changed, so intraday operations can also maintain a range strategy! Upper pressure levels to watch are 3380 and 3430, while support levels to watch are 3300, 3260, and the long-short battle point at 3230.

11.23 Ethereum operational ideas: Aggressive traders can enter long around 3300 on a pullback, while conservative traders can enter around 3230-3260, with a stop loss around 3180. The target is to look at 3350-3400-3450, and if broken, hold to look at 3500-3600.

Short position ideas: Aggressive traders can short around 3380, while conservative traders can enter around 3430, with a target of 3330-3300, and if broken, hold to look at around 3260-3230.

Although there are signs of a top in the market, large players and institutions are frequently increasing their positions to bet on bullishness, so we should not be overly bearish! As long as there are no consecutive sell-offs, the main strategy remains to pull back and go long! If the one hundred thousand mark is ultimately not broken, then Conan expects this pullback space to be somewhat large! At that time, we can plan for a medium-term short!