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11/24 early morning big cake and two cake silk record
From the recent trend of big cake, the price of big cake may be at a delicate critical point on the eve of a breakthrough. The daily moving average indicator is arranged in a bullish pattern, showing that the market bullish trend is still strong. At the same time, the three tracks of the Bollinger Bands are upward, which further confirms the upward momentum of the market. Therefore, a short-term price retracement is a good time to lay out long orders.
The price of two cakes is also in a stage of preparation. From the technical indicators, the MACD indicator of the two cakes is golden cross upward, showing that the market bullish force is gradually increasing. At the same time, the KDJ indicator is also in the overbought area, but there is no obvious deviation, so there is still room for growth in the short term. Therefore, both big cakes and two cakes can be laid out in the way of stepping back and then stepping on the double. Suggestions: Big Pie: Indirect range 96500-97000, target 98500-99000 Second Pie: Indirect range 3360-3380, target 3500-3520
November 23rd, Saturday, early morning Big Pancake and Second Pancake report:
Recently, Big Pancake and Second Pancake have shown a unilateral upward trend. Although there may be occasional pullbacks, the market is able to quickly recover. This indicates strong market confidence.
From the daily indicators, both Big Pancake and Second Pancake show an upward trend, and the trading volume is supportive. This indicates that there is sufficient momentum in the market to support continued price increases.
Recommendation: Enter Long on Big Pancake at the 98000-98500 range, looking towards 100000-100500.
Enter Long on Second Pancake at the 3200-3250 range, looking towards 3350-3400.
Currently, Bitcoin is starting to pull back. In a bull market, especially under the circumstances of continuous highs for Bitcoin, any pullback is a golden opportunity!
If you don't know how to get started, feel free to consult!
On November 22, Bitcoin prices continued to hit new highs, approaching the $100,000 mark, indicating strong bullish forces in the market. This is mainly influenced by positive news such as the results of the U.S. elections and the Trump team's consideration of establishing a position in the White House specifically responsible for cryptocurrency policy.
From a four-hour perspective, Bitcoin still has some room for growth. We can pay attention to changes in indicators such as the Bollinger Bands, KDJ lines, and MACD to assess the short-term market trend. The Bollinger Bands are opening upwards, the KDJ line is running upwards after crossing, and the MACD is in the bullish zone, which suggests that the market may continue to rise.
November 22nd, Friday BTC and ETH Trading Strategy:
The opening of the US stock market in the evening triggered market volatility, with Bitcoin prices briefly dipping to around 95,600 before facing resistance. However, looking at the 4-hour chart, the price quickly rebounded after testing the moving average and has now recovered to the 97,000 level.
The overall upward trend remains intact, with the candlestick chart staying within an ascending channel, indicating that there is still potential for further highs in the future. The current price level around 98,500 faces short-term resistance, but given the market's strength, breaking through this level is not a difficult task.
However, caution is needed regarding the risk of a pullback after the recent rapid rise; if the upward trend line is broken, the market may shift to a wide-ranging fluctuation.
Nevertheless, with the bull market continuing and several positive data points supporting it, a wide-ranging fluctuation still serves as a buildup for the next wave of highs. Therefore, in terms of strategy, we can adopt a pullback approach for positioning.
Recommendations: Buy Bitcoin around 97,000-96,500, aiming for 98,500-99,000
Buy Ethereum around 3,320-3,290, aiming for 3,400-3,450
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