11.19 Midday Silk Road and Operation Suggestions:
Buy Bitcoin at 90500-91000, target 92000-92500, if it fails, go short
Buy Ethereum in the range of 3110-3130, target 3200-3250 following Bitcoin
Bitcoin faced upward pressure again during the early hours, leading to a price pullback. Overall, the market presents a wide fluctuation pattern, with both bulls and bears frequently clashing, but the sustainability of the fluctuations is not strong. In yesterday's trading, a remarkable five consecutive wins were achieved. The price mainly fluctuated in the range of 92300 to 89500, with frequent price transitions, and the current price is close to the 91600 line.
From the daily chart, after a continuous rise, the price shows tension at high levels, indicating that the one-sided trend has come to an end, particularly evident on the four-hour chart. In the short term, the market has formed a box fluctuation pattern, without a clear one-sided trend. Therefore, in the absence of a breakout of the range, a strategy of selling high and buying low can be adopted, while short-term operations suggest going short first and then long, without looking for a one-sided trend. $ETH $SOL #比特币行情