Evening Thoughts on November 12
From the perspective of the daily chart, the overall structure is still fluctuating on the bullish side. Currently, the price is fluctuating and adjusting around 98000. Looking back at yesterday, after dipping below this position, it returned to the vicinity. Therefore, it is necessary to closely monitor the resistance situation around the middle track for the time being. If this resistance can be successfully broken, the market is likely to continue its previous trend and attempt to test the key position of one hundred thousand again.
The 1-hour chart shows that Bitcoin has presented five consecutive bullish candles, continuing to rise. The KDJ three lines have crossed and merged, and the Bollinger Bands are narrowing upwards. In terms of strategy, we will primarily focus on buying on dips, with selling at high positions as a supplement!
Buy Bitcoin around 97400-97700, aiming for 99500
Buy Ethereum around 3670-3690, aiming for 3800
