Wave Riding in the Coin Sea: 11.10 Bitcoin (BTC) market analysis reference:
Yesterday, the overall Bitcoin market showed a pattern of oscillation and consolidation. In the early hours of today, after the coin price pulled back to around 75,700, it began to rebound, continuing the bullish momentum. By noon, the coin price experienced a strong surge, reaching a high of 79,788, and then faced resistance with a slight pullback to build strength, before breaking through the 80,000 mark. Currently, the price is running around 79,500.
From the daily chart observation, the daily line continues to rise with consecutive gains, and has broken through the 80,000 mark to reach a new high. The Bollinger Bands are opening upwards, and the current coin price has broken through the upper band resistance. The MACD bullish momentum continues to expand, with both DIF and DEA steadily diverging upwards. In the KDJ indicator, the J value is at 109 in the latest data. Overall, both momentum and pattern are currently leaning towards bullish. It is expected that in the short term, the direction will not reverse to give a deep adjustment, but a slight pullback cannot be ruled out.
From the analysis of the short-term hourly chart, the 4-hour Bollinger Bands are in an opening posture, and the current coin price has stabilized above the upper band, far higher than the EMA moving averages. The MACD histogram has turned positive, with the fast and slow lines forming a golden cross and extending upwards. In the KDJ indicator, the J value shows a slight turn at a high position, and the RSI is gradually contracting downwards. The short-term upward momentum has weakened and there is a certain demand for adjustment. Therefore, in the evening, we will maintain a strategy of pulling back to go long.
Wave Riding in the Coin Sea: 11.10 Bitcoin evening short-term reference:
Long position: Buy in the range of 78,000-78,500, with a stop loss at 77,000 and a take profit target of 79,000-81,000.
Wave Riding in the Coin Sea: 11.10 Ethereum evening short-term reference:
Short position: Sell in the range of 3,230-3,200, with a stop loss at 3,300 and a take profit target of 3,200-3,150.
Long position: Buy in the range of 3,100-3,130, with a stop loss at 3,000 and a take profit target of 3,180-3,260.
The article is sent with a delay and is time-sensitive. This is a personal opinion for reference only; do not operate blindly! I hope that everyone on their investment journey can adhere to their principles, regardless of how the market changes. Stay rational and calm. Seize opportunities, make every decision just right, and navigate the ocean of investments to harvest wealth and growth!!!#BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH
