The mid-line short position has been established, exercise caution in chasing long positions! 11.30 Bitcoin analysis and trading strategy

In the evening, the three major US stock indices rose collectively. Bitcoin has surged again! Data shows that over 85,000 people were liquidated in the past 24 hours. The short strategy provided yesterday was successfully executed with a few hundred points profit during the day, and after breaking through 98,000 in the evening, we have already entered a mid-line short position, currently making a profit! Those who followed can hold patiently and keep adjusting the stop loss to secure profits!

From a technical perspective, after the daily line closed with a doji bearish candle, the daytime retracement touched the support at 95,672 and has since been in a slow upward trend! In the evening, it peaked at 98,711 but has shown signs of stagnation! Currently, the Bollinger Bands are still in a contraction phase, indicating insufficient bullish momentum! The KDJ three lines are basically in a convergence state, while the MACD double lines have crossed downward, and the trading volume is shrinking! The daily line shows no change in the retracement!

On the four-hour chart, the Bollinger Bands are beginning to contract, the coin price is running below the upper band, the KDJ three lines have crossed downward, the MACD double lines are turning down from a high position, and the trading volume is gradually decreasing! Current indicators clearly lean towards bearish!

Overall, the coin price is facing resistance at the 99,000 mark, the mid-line short position has been established, those who followed can hold patiently, and those who haven't can enter at the right opportunity! Intraday operations suggest focusing on short positions during rebounds! Pay attention to resistance levels at 97,700, 98,700, 99,000, and 99,700, and support levels at 94,700, 94,000, 92,900, and 92,000.

For Ethereum, pay attention to resistance levels at 3,650, 3,700, and around 3,750, and support levels at 3,530, 3,480, and 3,400.

11.30 Bitcoin trading strategy: Aggressive traders can enter on rebounds between 97,500-98,000, while conservative traders can enter between 98,500-98,000, with a stop loss above 99,700, targeting around 95,500-94,700, mid-line target around 94,500-94,000, and long-term target around 93,000-92,000-91,000.

11.29 Ethereum trading strategy: Aggressive traders can enter on rebounds between 3,630-3,650 for short positions, while conservative traders can enter between 3,700-3,730, with a stop loss near 3,800, targeting around 3,550-3,500, mid-line target around 3,450-3,400, and long-term target around 3,350-3,300.

The coin price is once again under pressure at 99,000, and prolonged failure to break through may lead institutions and large holders to sell off, so it may be wise to prepare for short positions. A significant bull run is expected after the new president's series of policy stimuli! Everyone should hold onto their positions and wait for a pullback to stop the decline before entering long positions! If you don't understand the market or can't pick good entry points, you can trust Conan's strategy, and we can charge forward together! #比特币打破感恩节魔咒