11.18 Bitcoin price trend analysis and operation ideas!
At the weekly level, Bitcoin continues to close positive bars to around 93500, and the bullish trend is still strong. The pressure level refers to the previous high of 93500, and the support level is 90000. Ethereum weekly line closed with a negative K-line with a pressure level of 3180-3260 and a support level of 3080;
From the daily level, after Bitcoin closed with a negative for the first time, it is expected that there will be a certain correction or sideways consolidation. At present, the correction is not strong, and it is mainly sideways instead of falling. The reference range is 92000-87000, the pressure level is 92000, and the support is 90000-88500-87000. The correction strength of Ethereum is relatively larger than that of Bitcoin. The current support is still referenced at 3000-3050, and the pressure level is 3150-3180. If it breaks through, it will continue to look up to the 3250-3350 line!
At the weekly level, Bitcoin continues to close positive columns to around 93500, and the bullish trend is still strong. The pressure level refers to the previous high of 93500, and the support is at the 90000 mark. Ethereum weekly line closed with a pin-shaped negative K, with a pressure level of 3180-3260 and a support level of 3080;
At the daily level, Bitcoin is expected to have a certain correction or shock sideways consolidation after the first negative closing. At present, the correction strength is not large, and it is mainly a sideways decline. The range is 92000-87000, the pressure level is 92000, and the support is 90000-88500-87000. The correction strength of Ethereum is relatively larger than that of Bitcoin. The current support is still 3000-3050, and the pressure level is 3150-3180. If it breaks through, it will continue to look at the 3250-3350 line!
From the 4-hour line level, the callback oscillation range of Bitcoin and Ethereum is quite obvious. As long as the support below is not broken, the callback will not be continuous. After the subsequent consolidation, it will be the beginning of a new round of rise. For subsequent operations, it is still recommended to do more at low positions!
At the daily level, after the first negative closing, with the bullish outbreak of CPi, the big cake hit a new high near 93500. After the second high yesterday, the daily line closed negative again. The expected correction has basically come out. The upper pressure level can refer to the current high (88500-89000), and the support level is temporarily at 87000-86000. The trend of Ethereum is in line with expectations. After the strong rebound to 3450 and the first negative K, it closed negative continuously and got out of the correction. The current minimum has dropped to the 3000 mark. The pressure level refers to the 3100-3150 line, and the support level is temporarily at the 3050-3000 line. If it continues to break down, it will look at 2877!
At the 4-hour level, Bitcoin is gradually correcting, with highs and lows moving down continuously. The important support below is 86,000. If it continues to break down, it will approach the 80,000 mark. Otherwise, it will form a box structure and mainly fluctuate and consolidate. For Ethereum, the correction trend is more obvious. The important support below needs to pay attention to the 3,000 mark. If it breaks down, it will retreat to the important support level of 2,877, and the pressure level of 3,150 is concerned!
Yesterday's layout of the short-selling strategy near the pressure level, Bitcoin unfortunately failed to receive the entry, but the overall trend was accurately predicted, and Ethereum just received it and exceeded expectations to stop profit. Subsequent operations still recommend shorting at high levels and looking for corrections!
Operation idea: short at high levels!
Bitcoin short at 88700-89300, target at 87000-86000, loss above 90000;
From the daily level, the expected correction of Bitcoin after the first negative closing is relatively fast. With the bullish outbreak of CPi, Bitcoin has refreshed its high to around 93500. The current upper pressure level can refer to the current high (92500-93500), and the support level is temporarily at 89000-90000. The trend of Ethereum is relatively normal. After the strong rebound to around 3450, it continued to close the negative K and walked out of the correction. Although the positive market of CPi probed the pressure level of 3350 and then fell back after encountering resistance, the current pressure level refers to the 3250-3200 line, and the support level is temporarily at the 3100-3120 line. There is still a lot of space above, but it also needs to be seen step by step. At present, the upward movement is blocked and falling back!
At the 4-hour level, Bitcoin has formed support after falling to 89,000 twice. The pressure reference is 92,500-93,000. Ethereum also encountered resistance at 3220-3200. The bottom is concerned about the gains and losses at 3200-3150. Generally speaking, there is pressure and support. The subsequent trend is mainly shock consolidation. You can chase after the break. The operation suggestion is to short at high positions!
Operation idea: short at high positions!
Bitcoin short at 92,500-93,000, target 91,500-89,000, 93,500 above loss;
Ethereum short at 3200-3230, target 3140-3100, 3270 above loss; #BTC冲破9万 #美国CPI公布后降息预期上升 #BTC连续破新高,你看到多少?
11.14 Bitcoin and Ethereum trend analysis and operation ideas!
At the daily level, Bitcoin's expected correction after the first negative close went relatively quickly. As the bulls broke out again on the positive side of CPi, Bitcoin hit a new high near 93500. The current upper pressure level can refer to the current high (92500-93500), and the support level is temporarily seen at 89000-90000. Ethereum's trend is relatively normal. After a strong rebound to around 3450 and the first negative K, it continued to close negatively and got out of the correction. Although the positive CPi market explored the pressure level of 3350 and then encountered resistance and fell back, the current pressure level refers to the 3250-3200 line, and the support level is temporarily seen at the 3100-3120 line. There is still a lot of room above, but we also need to look at it step by step. At present, the upward trend is blocked and falling back!
From the daily level, the expected correction of Bitcoin after the first negative closing is relatively fast. With the bullish outbreak of CPi, Bitcoin has refreshed its high to around 93500. The current upper pressure level can refer to the current high (92500-93500), and the support level is temporarily at 89000-90000. The trend of Ethereum is relatively normal. After the strong rebound to around 3450, it continued to close the negative K and walked out of the correction. Although the positive market of CPi probed the pressure level of 3350 and then fell back after encountering resistance, the current pressure level refers to the 3250-3200 line, and the support level is temporarily at the 3100-3120 line. There is still a lot of space above, but it also needs to be seen step by step. At present, the upward movement is blocked and falling back!
At the 4-hour level, Bitcoin has formed support after falling to 89,000 twice. The pressure reference is 92,500-93,000. Ethereum also encountered resistance at 3220-3200. The bottom is concerned about the gains and losses at 3200-3150. Generally speaking, there is pressure and support. The subsequent trend is mainly shock consolidation. You can chase after the break. The operation suggestion is to short at high positions!
Operation idea: short at high positions!
Bitcoin short at 92,500-93,000, target 91,500-89,000, 93,500 above loss;
11.13 Bitcoin and Ethereum daily candle trend analysis and trading strategy!
From the daily chart perspective, Bitcoin has formed its first bearish candle after a series of bullish days. Although the bullish trend is very strong, the increase has been large, and it can't rise endlessly. The current resistance level is around the current high (90000-89000), with support at 86000-85000. Ethereum has also seen a strong rebound and formed its first bearish candle around 3450. The current resistance level is around 3250-3280, with support at 3200-3150. There is still plenty of room above, but we need to take it step by step. Currently, we are in a phase of encountering resistance and retracing! From the 4-hour chart perspective, Bitcoin has formed resistance at 89000-90000, having attempted to break through several times without success, and is now starting to retrace and consolidate. Pay attention to the 86000-85000 range; a break could lead to a deep correction. Ethereum is also encountering resistance at the 3380-3420 range, with attention to the 3200-3150 range for potential losses. Personally, I believe a correction is needed, as it can't keep rising indefinitely. Subsequent trading suggestions are to short at high positions!
From the daily chart perspective, Bitcoin has closed with a bearish candle for the first time after a series of bullish candles, the bullish trend is very strong, but the price increase has been substantial, so it cannot continue to rise mindlessly. The current resistance level to watch is the recent high (90000-89000), and the support level is tentatively set at 86000-85000. Ethereum has also seen strong gains and is approaching around 3450 before closing with a bearish candle for the first time. The current resistance level to watch is around 3250-3280, and the support level is tentatively set at 3200-3150. There is still ample upward space, but it also needs to be observed step by step. Currently, we are in a stage of encountering resistance and pulling back!
From the 4-hour chart perspective, Bitcoin has formed a resistance level at 89000-90000, having attempted to break through several times without success, and has started to pull back for consolidation. The lower level to focus on is 86000-85000; if it breaks down, there could be a significant correction. Ethereum also faces resistance at 3380-3420, while the lower level to watch is the situation around 3200-3150! I personally believe a correction is needed, as there cannot be continuous rises. Therefore, the suggested strategy is to short at high levels!
Trading strategy: Short at high levels!
Short Bitcoin at 88000-88500, with a target of 86000-85000, and stop loss above 90000;
Short Ethereum at 3250-3280, with a target of 3200-3150, and stop loss above 3320;
The strategy is time-sensitive, and specific guidance should be based on real-time private consultations!
From the daily perspective, Bitcoin continues to rise with consecutive bullish candles, and the bullish trend is very strong. There is no resistance level above, only refer to the daily high (90000). The support level is temporarily viewed around 88000-88500. Ethereum is also experiencing strong upward movement, closely following Bitcoin's pace. Currently, the resistance level is referred to around 3380-3440, while the support level is temporarily viewed around 3350-3300. There is still a lot of room above. Just yesterday, it was mentioned that the breakout at the 3180 level was successful, and the next target can be 3350. It has basically stabilized now, and we can continue to look up to the 3500 level with this as support!
From the 4-hour perspective, both Bitcoin and Ethereum are very strong, with little retracement after reaching new highs. Future operations can focus on buying near the support level!
Operational strategy: Buy near the support level!
Buy Bitcoin at 88000-88500, with a target of 90000-95000, and a stop loss below 87500;
Buy Ethereum at 3330-3360, with a target of 3400-3500, and a stop loss below 3300;
The strategy is time-sensitive, and specific guidance will be provided privately in real-time! #比特币搜索热度攀升 #BTC连续破新高,你看到多少?
LIVE
币圈若渝
--
Bullish
From the weekly perspective, leveraging significant positive news, Bitcoin has recently broken new highs around 82000, with no resistance above. The so-called bull market does not imply a peak; it's uncertain how high the bullish trend can take Bitcoin. As for Ethereum, it has broken the previously mentioned Fibonacci 50% level (2877) on the weekly chart, and it will inevitably move towards the 61.8% level (3350), with a resistance level at 3250 and a support level at 2877;
From the daily perspective, Bitcoin is rising continuously with strong bullish momentum, and there is no resistance above, only referring to the daily high (82000). The support level is currently around 80000. Ethereum is also experiencing a rebound after several weeks of bottoming out in the 2400-2700 range. Currently, the resistance level is around 3180-3200, and the support level is around 3060-3100. There is still significant upside potential; if the 3180 level is successfully broken, we can look forward to 3350!
From the 4-hour perspective, both Bitcoin and Ethereum are very strong, with little retracement after reaching new highs. Subsequent operations can be focused on buying near the support levels!
Trading strategy: Buy near support levels!
Buy Bitcoin at 80000-80500, target 81500-83000, stop loss below 79500;
Buy Ethereum at 3110-3130, target 3200-3250, stop loss below 3080;
The strategy is time-sensitive; specific guidance will be provided privately in real-time! #SUI的单边行情 #DOGE飞”狗“在天 #BTC挑战8W2大关 #DOGE看涨情绪飙升 #币安将上市ACT、PNUT
At the daily level, Bitcoin continues to rise, and the bullish trend is very strong. There is no pressure point above, and you only need to refer to the daily high (90000). The support level is temporarily at 88000-88500. Ethereum is also making up for the rise strongly, following the pace of Bitcoin. The current pressure level refers to the 3380-3440 line, and the support level is temporarily at 3350-3300. There is still a lot of room above. As we said yesterday, if the 3180 line is successfully broken through, we can look at 3350 next. It has basically stabilized at present, and we can continue to look up to the 3500 line with this as support!
Looking at the 4-hour line level, Bitcoin and Ethereum are both very strong. There is basically no significant retracement after the surge. The subsequent operation can be to go long near the support level!
11.11 Bitcoin and Ethereum bullish trend is strong, where is the top?
From a weekly chart perspective, aided by significant positive news, Bitcoin has reached a new high near 82000. There is no resistance above, and the so-called bull market does not talk about a top. It is hard to say where this bullish trend can take Bitcoin. As for Ethereum, the weekly chart has broken the Fibonacci 50% (2877) level mentioned earlier, and it will inevitably move towards the 61.8% (3350) level next. The resistance level is at 3250, and the support level is at 2877;
From a daily chart perspective, Bitcoin is showing a strong upward trend with consecutive gains, and there is no resistance above, only refer to the daily high (82000). The support level is currently at the 80000 mark. Ethereum, after several weeks of bottoming out in the 2400-2700 range, is also experiencing a recovery. The current resistance level is around 3180-3200, and support is currently at the 3060-3100 range. There is still plenty of room above, and if the 3180 level is successfully broken, the next target can be 3350!
From the weekly perspective, leveraging significant positive news, Bitcoin has recently broken new highs around 82000, with no resistance above. The so-called bull market does not imply a peak; it's uncertain how high the bullish trend can take Bitcoin. As for Ethereum, it has broken the previously mentioned Fibonacci 50% level (2877) on the weekly chart, and it will inevitably move towards the 61.8% level (3350), with a resistance level at 3250 and a support level at 2877;
From the daily perspective, Bitcoin is rising continuously with strong bullish momentum, and there is no resistance above, only referring to the daily high (82000). The support level is currently around 80000. Ethereum is also experiencing a rebound after several weeks of bottoming out in the 2400-2700 range. Currently, the resistance level is around 3180-3200, and the support level is around 3060-3100. There is still significant upside potential; if the 3180 level is successfully broken, we can look forward to 3350!
From the 4-hour perspective, both Bitcoin and Ethereum are very strong, with little retracement after reaching new highs. Subsequent operations can be focused on buying near the support levels!
Trading strategy: Buy near support levels!
Buy Bitcoin at 80000-80500, target 81500-83000, stop loss below 79500;
Buy Ethereum at 3110-3130, target 3200-3250, stop loss below 3080;
The Federal Reserve’s interest rate will be announced on November 8, Bitcoin and Ethereum are making a small bet for a big gain!
At the daily level, Bitcoin rose strongly and closed with a big positive bar as Trump's election was a major positive. It has now broken a new high to around 76,400. There is no pressure on the daily line, but the support below is temporarily at the previous high of 73,000-74,000. Ethereum also broke through the box structure of 2400-2700 with the positive news. The daily pressure level is the 2877 level mentioned earlier. Pay attention to the breakthrough. The support below can be seen at the upper position of the box structure at 2700-2750!
At the 4-hour level, the big cake went sideways after rushing high, and there is no pressure above. The new high of 76400 can be referred to. The short-term support is 74500-74000. Similarly, the Ethereum rushed high and went sideways to 2780-2800. The pressure level can still refer to the above 2877. With the recent major positive news, the market reversed. The medium and long-term short orders we arranged before only pocketed half, losing part of the bottom position, and all the profits were spit out. Therefore, in the face of the big market, it is necessary to enter the market or stop profit in batches step by step to prevent the change of the market from expanding losses! Although the current position is followed by the Federal Reserve’s interest rate decision, it is expected to be a positive rate cut, but I still try to be aggressive in shorting, with a good stop loss, and a small loss can be a big space!
From the daily level, Bitcoin has risen strongly with the significant positive news of Trump's election and closed with a big positive column. It has now broken a new high to around 76400. There is no pressure on the daily line, but the support below is temporarily at the previous high of 73000-74000. With the positive news, Ethereum has also strongly broken through the box structure of 2400-2700. The daily pressure level is the 2877 line mentioned above. Pay attention to the breakthrough situation. The support below can be seen at the upper position of the box structure 2700-2750!
At the 4-hour level, the big cake consolidated after hitting a high, and there is no pressure above. The new high of 76400 can be referred to. The short-term support is 74500-74000. Similarly, the Ethereum consolidated and pulled back to 2780-2800. The pressure level can still refer to the above 2877; with the recent major positive news, the market reversed, and the medium and long-term short orders we arranged before only pocketed half, losing the bottom part, and all the profits were spit out. Therefore, in the face of a big market, it is necessary to enter the market or stop profit in batches step by step to prevent the change of the market from expanding losses! Although the current position is followed by the Fed’s interest rate decision, it is expected to be a positive rate cut, but I still try to be aggressive short, with a good stop loss, and a small loss can be a big space!
Operation idea: aggressive short!
Bitcoin short at 76200-76500, target 75000-74000, loss above 77000;
Ethereum short at 2860-2890, target 2800-2750, loss above 2920;
From the daily level, Bitcoin has formed 6 consecutive bearish candles. The expected bears have also successfully emerged, reaching a low near 66800. Currently, we still need to observe the support at the 68000 line. A single bottom test is far from enough, and the 66000 line has not been touched. The pressure level can temporarily be viewed at the 69000 line. Ethereum has formed 5 consecutive bearish candles, with resistance seen at 2480-2500 and support at 2400. If it breaks down, we continue to look at the 2350 line!
From the 4-hour level, Bitcoin's bearish volume has not yet been fully released, and further downward movement is expected. The next short-term support level is seen at 67000-66000, while the resistance level can be observed at 68500-69000. Ethereum is currently maintaining range-bound movement, with support at 2420-2400 and short-term resistance at 2480-2500. If it breaks, we will pursue the decline! The short-selling strategy given around the resistance level in the evening was accurately executed and took profits. The subsequent suggestion is still to primarily short near the resistance level following the continuation of bearish sentiment!
Trading strategy: Aggressive short selling!
Short Bitcoin at 69000-69500, with a target of 67500-66000, and a stop loss above 69800;
Short Ethereum at 2460-2480, with a target of 2420-2360, and a stop loss above 2520;
The strategy is time-sensitive, and specific instructions should be based on real-time private guidance! #美国大选后涨或跌? #美联储利率决议来袭
LIVE
币圈若渝
--
Bearish
At the daily level, Bitcoin has closed 5 consecutive negatives, and the expected shorts have also come out smoothly. At present, we need to look at the support situation of the support level of 68000. After the closing, the entity will break through the 66000 line, and the pressure level will temporarily look at the 69000 line. Ether will not be analyzed too much. The pressure is 2500 and the support is 2400!
At the 4-hour level, the short-term volume of Bitcoin has not been released yet, and it is expected that there will be further downward exploration. The next short-term support level is 67000-66000, and the pressure level is 68500-69000. Ethereum has been maintaining the box operation. The support is 2420-2400, and the short-term pressure is 2480-2500. Break through and chase! The short-selling strategy near the pressure level given in the evening was accurately received again and stopped profit. The subsequent suggestion is to continue the short-selling idea and short-selling near the pressure level!
Operation idea: aggressive short selling!
Bitcoin short at 68200-68600, target 67500-66000, 769200 upper limit loss;
Ethereum short at 2440-2460, target 2380-2340, 2500 upper limit loss;
Strategies are time-sensitive, and specific private real-time guidance is the main focus! #美国大选后涨或跌? #美联储利率决议来袭
11.5 Bitcoin and Ethereum short positions layout once again accurately profited, followed by trend analysis and operational ideas!
From a daily perspective, Bitcoin has closed with 5 consecutive bearish candles. The anticipated bearish trend is progressing smoothly. Currently, we need to observe the support at the 68000 level. If the close breaks the entity, we look at the 66000 level. The resistance is tentatively seen at 69000. For Ethereum, no further analysis is needed; resistance is at 2500 and support is at 2400!
From a 4-hour perspective, the bearish volume for Bitcoin has not yet been fully released, and further downward movements are expected. The next short-term support is seen at 67000-66000, and resistance is at 68500-69000. Currently, Ethereum has maintained a range-bound operation, with support at 2420-2400 and short-term resistance at 2480-2500. If it breaks, we will pursue! The shorting strategy near the indicated resistance level in the evening has once again been accurately executed and taken profit. The subsequent suggestion is still to focus on shorting near the resistance level with a bearish continuation strategy!
At the daily level, Bitcoin has closed 5 consecutive negatives, and the expected shorts have also come out smoothly. At present, we need to look at the support situation of the support level of 68000. After the closing, the entity will break through the 66000 line, and the pressure level will temporarily look at the 69000 line. Ether will not be analyzed too much. The pressure is 2500 and the support is 2400!
At the 4-hour level, the short-term volume of Bitcoin has not been released yet, and it is expected that there will be further downward exploration. The next short-term support level is 67000-66000, and the pressure level is 68500-69000. Ethereum has been maintaining the box operation. The support is 2420-2400, and the short-term pressure is 2480-2500. Break through and chase! The short-selling strategy near the pressure level given in the evening was accurately received again and stopped profit. The subsequent suggestion is to continue the short-selling idea and short-selling near the pressure level!
Operation idea: aggressive short selling!
Bitcoin short at 68200-68600, target 67500-66000, 769200 upper limit loss;
Ethereum short at 2440-2460, target 2380-2340, 2500 upper limit loss;
Strategies are time-sensitive, and specific private real-time guidance is the main focus! #美国大选后涨或跌? #美联储利率决议来袭
LIVE
币圈若渝
--
Bearish
Currently, looking at the monthly chart, Bitcoin has risen to around 73880 after breaking the previous historical high of 69000. The market has been in a state of high volatility and retracement for the past six months, once pulling back to the Fibonacci 61.8% level (51558). After confirming support with a second dip, it began to rebound, recently testing the previous high of 73880 again. The monthly chart has once again closed with a large bullish candlestick, but the body of the candlestick has not broken the previous high, so another pullback is inevitable unless there is a decisive influence from news to change the trend;
The performance of Ethereum is even less satisfactory. Compared to Bitcoin's previous high of 73880, Ethereum is at least around 4000. However, Ethereum has not been able to touch above 3000 since it broke below that level. This month, Bitcoin's strong performance surprisingly closed with a bearish continuation pattern, indicating that Ethereum is in a range-bound state, consolidating between 2700 and 2400. Currently, two points need attention: the upper Fibonacci 50% (2877) and the lower 38.7% (2425). If the daily candlestick level breaks the body, one can chase in!
Looking at the weekly chart, Bitcoin reached the previous high and closed with an upward spike bullish candlestick. The body of the candlestick failed to break the resistance level of 69000, indicating that the pressure above is still very strong. The support level below to watch is 68000; breaking this level will lead to a continuation of the bearish trend. Ethereum, on the other hand, continues to close with an upward spike bearish candlestick, remaining in the 2700-2400 range recently, and one can follow up once it breaks!
On the daily chart, Bitcoin has recorded five consecutive bearish candles, and the expected bearish trend is progressing smoothly. Currently, we need to observe the support situation at the 68000 level. If this level breaks, look at the 66000 level. The pressure level can be tentatively set at 69500. For Ethereum, there’s no need for excessive analysis; pressure is at 2500, support is at 2400!
At the end of last month, the medium to long-term short positions laid out when Bitcoin tested the previous high basically met expectations, and the short positions successfully took profits. The subsequent suggestion is still to focus on shorting near the pressure level with the continuation of the bearish mindset!
Trading strategy: Aggressive shorting!
Short Bitcoin at 69200-69600, target 68500-67500, stop loss above 70200;
Short Ethereum at 2480-2510, target 2420-2380, stop loss above 2540; #美国大选后涨或跌?
11.4 Bitcoin and Ethereum Major Trend Analysis and Medium to Long-term Layout Ideas!
From the monthly perspective, after Bitcoin broke the previous historical high of around 69000, it rose to around 73880. The range in the past six months has been a pattern of rising and falling. It once retraced to the Fibonacci 61.8% (51558) level. After confirming the support is effective with a second dip, it started to rebound, recently testing the previous high of 73880 again. The monthly line has closed with a large bullish candlestick, but the entity candlestick has not broken through the previous high, so a retracement is inevitable unless there is a decisive news impact that can change the trend.
The performance of Ethereum is even less satisfactory. Compared to the previous high of Bitcoin at the position of 73880, Ethereum should be at least around 4000. However, since Ethereum broke below 3000, it has not been able to touch that level again. This month, Bitcoin has shown such strong momentum that it formed a bearish continuation pattern, meaning that Ethereum is in a range-bound consolidation, continuously adjusting around the 2700-2400 line. Currently, two points need attention: the upper Fibonacci 50% (2877) and the lower 38.7% (2425). If the daily candlestick breaks the level, we can follow up!
Currently, looking at the monthly chart, Bitcoin has risen to around 73880 after breaking the previous historical high of 69000. The market has been in a state of high volatility and retracement for the past six months, once pulling back to the Fibonacci 61.8% level (51558). After confirming support with a second dip, it began to rebound, recently testing the previous high of 73880 again. The monthly chart has once again closed with a large bullish candlestick, but the body of the candlestick has not broken the previous high, so another pullback is inevitable unless there is a decisive influence from news to change the trend;
The performance of Ethereum is even less satisfactory. Compared to Bitcoin's previous high of 73880, Ethereum is at least around 4000. However, Ethereum has not been able to touch above 3000 since it broke below that level. This month, Bitcoin's strong performance surprisingly closed with a bearish continuation pattern, indicating that Ethereum is in a range-bound state, consolidating between 2700 and 2400. Currently, two points need attention: the upper Fibonacci 50% (2877) and the lower 38.7% (2425). If the daily candlestick level breaks the body, one can chase in!
Looking at the weekly chart, Bitcoin reached the previous high and closed with an upward spike bullish candlestick. The body of the candlestick failed to break the resistance level of 69000, indicating that the pressure above is still very strong. The support level below to watch is 68000; breaking this level will lead to a continuation of the bearish trend. Ethereum, on the other hand, continues to close with an upward spike bearish candlestick, remaining in the 2700-2400 range recently, and one can follow up once it breaks!
On the daily chart, Bitcoin has recorded five consecutive bearish candles, and the expected bearish trend is progressing smoothly. Currently, we need to observe the support situation at the 68000 level. If this level breaks, look at the 66000 level. The pressure level can be tentatively set at 69500. For Ethereum, there’s no need for excessive analysis; pressure is at 2500, support is at 2400!
At the end of last month, the medium to long-term short positions laid out when Bitcoin tested the previous high basically met expectations, and the short positions successfully took profits. The subsequent suggestion is still to focus on shorting near the pressure level with the continuation of the bearish mindset!
Trading strategy: Aggressive shorting!
Short Bitcoin at 69200-69600, target 68500-67500, stop loss above 70200;
Short Ethereum at 2480-2510, target 2420-2380, stop loss above 2540; #美国大选后涨或跌?
11.1 Bitcoin and Ethereum monthly close, multi-angle analysis, how to layout for the medium to long term?
Currently, from the monthly perspective, Bitcoin has risen to around 73880 after breaking the previous historical high of 69000. The trend in the past six months has been a rise followed by fluctuations and declines, with a retracement to the Fibonacci 61.8% level (51558). After confirming effective support through a second dip, it began to rebound and has recently tested the previous high near 73880 again. The monthly line has closed with a large bullish candlestick, but the body of the candlestick did not break through the previous high, so a further pullback is inevitable unless there is decisive news that could change the trend.
Ethereum's performance is even less satisfactory compared to Bitcoin's previous high of 73880, as Ethereum should be around 4000, but has not been able to touch above 3000 since breaking below it. This month, Bitcoin's strong performance has surprisingly formed a bearish continuation pattern, indicating that Ethereum is in a fluctuating range, consolidating around 2700-2400. Currently, two points need attention: Fibonacci 50% above (2877) and 38.7% below (2425); if broken, one can pursue further!