Summary of Yesterday

Morning Thoughts on November 12
The price of Bitcoin has soared like a runaway horse, reaching a high of 89,000. In such a frenzied upward trend, who would dare to short? Its upward momentum resembles a race car fueled to the max, accelerating non-stop. This scene is too exaggerated and absurd. I solemnly warn you, do not short; the risk of shorting at this moment is extremely high. If you're not confident in chasing the ups, it's better to observe more and act less. The moment when the Bitcoin price starts with a 9 seems just around the corner.
The daily line shows a strong bullish trend, so there's no need to overly worry about top pressure. Right now, don't think about shorting; before positive news emerges, the possibility of a significant cleanup of long positions is very low, and the upward pressure is small. In a bull market, it's a taboo to blindly guess the top and chase shorts; historically, countless low-positioned short orders have been trapped. When facing the market, stay calm; price pullbacks are good opportunities to chase the ups. Everyone should closely monitor market dynamics and seize the opportunity.
Bitcoin: 88,200-88,700 long. Target 89,300-90,000
Ethereum: 3,290-3,330 long. Target 3,380-3,420
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