Safe strategies for November 18:
First, let us carefully analyze the current market pie picture. The short-term pressure range above is the price range of 91,600 to 91,000 yuan. In this section, the market price often faces more resistance and pressure, and this state prompts a bearish view. Therefore, now is the time for us to consider adjusting our strategy and temporarily bearish the position.
However, the market is always full of variables. Below the price, there is another important support range-88,800 to 87,800 yuan. This area is a "safe haven" for prices. Once the price of the pie falls to this area, you must be as keen as a cheetah and pay attention to the price rebound opportunities. This is Brother Cai's strategy: when the market falls to this area, react quickly and seize the opportunity to rebound.
Let’s look at the market situation of Ethereum. In day trading, we also need to pay attention to the pressure level above it - located in the range of 3170 to 3210. It will create challenges and obstacles to price increases. At this time, you should mainly be bearish and stay vigilant and wait for the right opportunity.
At the same time, there is also an important support level below Ethereum - the price range of 3050 to 3010 yuan. The price point in this area acts as a safe haven and could trigger a market rally if prices fall here. Once conditions improve, sailing will be sought again. Therefore, we must pay close attention to market changes in this area and seize possible rebound opportunities in a timely manner.
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