Grasp the band range in the volatile market of Bitcoin/Ethereum

Trader Liang Qiu: 11.14 Bitcoin/Ethereum Operation Strategy with Market Analysis

Bitcoin/Ethereum has surged many times in the past few days, and the market has repeatedly broken new highs, reaching around 93,400. We have also laid out the long-term ideas many times before, and the overall space is very good, including the customers who have come to operate in the past few days. All of them are long-term ideas, all of which are obvious to all. After the ups and downs last night, the market has retreated again, but after the retreat, there is an opportunity for long orders. From the morning to the evening yesterday, Bitcoin retreated to the lowest level of 88,500, and Ethereum retreated to the lowest level of around 3,120. The market is expected to rebound after forming support again on this basis. Especially for Bitcoin, there is still room for further development. Before the trend breaks, it is more important to do a good job of the band than anything else.

Bitcoin K-line has risen sharply recently, forming a long positive line, and breaking through the previous highs many times. In the following two days, the callback back and forth washed the market again and reached new highs, but the overall level is still at a high level, showing a certain upward trend. In terms of technical indicators, in the MACD 4-hour cycle, DIF and DEA are close to the zero axis, and the MACD histogram turns from positive to negative. There may be adjustment pressure in the short term. However, before the upward trend breaks, you can rely on the support above to continuously enter the band. When the trend really breaks, follow it.

Bitcoin reference support is 88000 to 88500, and Ethereum reference support is 3100 to 3130. Bitcoin is long near 88500 to 89000, and Ethereum is long near 3120 to 3150. At present, the market is mainly band operation, and the publication is effective, with real-time guidance as the main focus. #BTC冲破9万 #美国CPI公布后降息预期上升