Do not worry about not having like-minded friends on the road ahead; on the investment journey, there are kindred spirits. Good afternoon, everyone! I am the Coin King of Coin Victory Group, thank you all for coming here to watch the King's articles and videos, and I hope the brothers who have been following the King will return.
Click the link to watch the video: https://www.bilibili.com/video/BV1yszbYoENY/
Market Dynamics Review:
In the midday analysis on November 27, we proposed a short strategy at $94,600 and 3,500 points. In the midnight strategy, we recommended shorting Ethereum at 3,650 points. This strategy successfully made a profit of 100 points as Ethereum's price rebounded to $3,680 before pulling back to $3,780. Now, with the price rebounding and pulling back again, we provide the following analysis to guide you on the next steps.
Bitcoin (BTC) Midday Market Analysis
Daily Chart Analysis: The Bitcoin market performed strongly yesterday, with a large bullish red candlestick on the daily chart, the price breaking above the MA5 and MA10 moving averages and closing with an upper shadow, indicating strong bullish momentum. A slight intraday pullback occurred to around $95,000; we need to pay attention to whether the price can stabilize above the daily MA5/10 moving averages.
4-Hour Chart Analysis: At the 4-hour level, Bitcoin's price once pierced below the MA30 moving average before pulling back below the MA60 moving average. We need to focus on the support at the price range of $95,000 to $95,500, which is also the support of the MA256 moving average on the 1-hour chart. If it can hold above $95,000, the market will likely remain in a slightly bullish trend; if it breaks below, it may enter a weak adjustment phase.
Midday Trading Suggestions:
Consider shorting near $95,700 to $96,300, aiming for below $94,000.
If the price pulls back to the range of $94,000 to $93,200, consider taking a light long position, aiming for around $96,000.
Ethereum (ETH) Midday Market Analysis
Daily Chart Analysis: Ethereum also performed strongly yesterday, with a large bullish candlestick on the daily chart, reaching a peak of $3,680. The current price is far from the MA5/10 moving averages, and we need to watch for a potential pullback to test the support at the daily MA5 moving average ($3,470).
4-Hour Chart Analysis: At the 4-hour level, Ethereum recorded consecutive bullish candlesticks yesterday, with the price moving upward along the MA5 moving average. The current price has pulled back to the MA5 line, and we need to watch if it will break below this line, further testing the level of $3,480.
Midday Trading Suggestions:
Consider going long near $3,460 to $3,430, aiming for $3,550.
Short positions can follow Bitcoin's synchronous strategy.
IV. Summary and Risk Warning
The cryptocurrency market is full of variables and opportunities; past trends provide reference for current decisions but cannot fully define the future. Investors should closely monitor real-time market dynamics while following the above strategies, flexibly adjust positions and strategies, and manage risks reasonably to achieve ideal returns in this game of digital assets.
This article is independently written by (Coin Victory Group). Friends in need of current price strategies and solutions can find Coin Victory Group online. It mainly focuses on spot, contracts, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, with expertise in styles, moving lock-in strategies around high and low support and resistance, short-term high and low positions, medium to long-term trend positions, daily extreme pullbacks, weekly K-top predictions, and monthly top predictions.
