Trader Liang Qiu: 11.6 Bitcoin/Ethereum Trading Strategy with Market Analysis

Bitcoin/Ethereum fluctuated back and forth last night to this morning due to news, with Bitcoin once rising to around 71,400. Currently, it is not possible to chase long positions; we will directly watch for resistance and pullback in the range of 71,500 to 72,000, while paying attention to the 69,000 level below. The short-term rise is relatively strong, mostly stimulated by news. Once the news settles, it will be a mess. However, with the right position arrangement for this news-driven market, be mindful of the waves. Currently, the market has risen significantly in the short term; focus on resistance to enter short positions, and maintain proper stop losses.

Currently, directly enter a short position for Bitcoin around 71,300, targeting around 69,300; for Ethereum, directly enter a short position around 2,505, targeting around 2,410, with stop losses set at 2,540 and 72,000 respectively. #美国大选后涨或跌？ #美联储利率决议来袭