Wide fluctuations in the battle between bulls and bears, beware of bullish surges! 11.19 Bitcoin analysis

The current market focus is on inflation concerns following the Trump administration's takeover and the Fed's increasingly hawkish outlook. Powell's speech on Thursday essentially stated that Fed officials do not need to rush to cut interest rates, leading traders to significantly reduce their interest rate cut expectations. A decline in sentiment and the uncertainty of monetary policy have increased upward resistance in the market.

Midnight saw the price of Bitcoin rise and then fall back, after early exits from long positions, the price surged again, touching 92700 before retracing. The minimum touched 89724 after a dip, stabilizing after midnight, the long position given at midnight could also yield small profits! Unfortunately, there was no short position taken after breaking through the previous high!

The market is in a high-level wide-range fluctuation, with the low level moving up. The four-hour Bollinger Bands are severely constricted, moving averages are in a bullish arrangement, the price of Bitcoin is interspersed with the middle track, indicating a fluctuating upward trend. However, the MACD double lines are pointing down, and the volume indicator is weak, with bulls slightly in favor! Therefore, for intraday operations, Conan suggests prioritizing long positions on retracements! Key resistance levels to watch are 92700, 93400, and 95000, while support levels are 90300, 89400, and 89000.

11.19 Bitcoin trading strategy: Aggressive traders can go long around 90500, while conservative traders can enter around 89500, with a stop loss below 89000. Targeting 91500-92000-92700, with a breakout target around 93400, continue to hold based on the situation!

In a wide fluctuation trend, initiate a short position when first touching the previous high near 92700, with a stop loss above 93000, targeting around 92000-91500, and a breakout target around 91000.

11.19 Ethereum trading strategy: Aggressive traders can go long around 3100, while conservative traders can enter around 3060, with a stop loss below 3000. Targeting around 3150-3200, holding on to a breakout target of 3250-3300-3350-3400-3450.

Ethereum can short in sync with Bitcoin, with a stop loss of 40 points, targeting 50-80 points!

After the election, Ethereum rose and then fell back. Tether has continuously issued USDT on the Ethereum chain, which definitely raises suspicions of a price increase. Although currently, Ethereum is still persistently sluggish, the possibility of a rebound is particularly high, so be cautious when shorting! If you don't understand the trend or can't pick the right entry point, you can follow Conan's strategy to charge ahead and reach the shore together! #英伟达财报即将公布