24.11.19 Bitcoin Ethereum Midday Market Analysis
【Market Review】
Today has been a bit busy, so I didn't provide an early market analysis for you guys, but I hope we all made some good profits!
The night market analysis I gave before going to bed, did you all manage to hold onto the swing range I provided? It was also mentioned in last night's live broadcast.
The swing range for Bitcoin I provided last night was: 86000-92000 for low buys and high sells, with a stop loss at 93500 for high sells.
This morning it reached the 90K position, we should have made over 2000 points of profit.
The swing range for Ethereum was: 3030-3200 for low buys and high sells, and we increased the short position in Ethereum by one level,
because we have already profited from this range at 3150, so we should place shorts at 3200-3250, I hope everyone caught this.
Today's lowest point was 3110, we should have made over 100 points of profit if we held on!
After summarizing the market, without further ado, let's get straight to today's trading operations!
【Bitcoin Market Analysis + Trading】
1. Analysis
1. As emphasized in last night's live broadcast, observe whether 90K breaks down. If it closes below at midnight, we will set up for a long short.
Unfortunately, there was no opportunity given, it directly surged to 93000. So let's not rush and continue to wait!
2. Currently, the market is mainly fluctuating between 86000-93000, within this range, low buys and high sells are fine.
As long as this range is not broken, we can continue to swing trade. If either direction is effectively broken,
then the short-term trend will be dominated by that direction, understood? Press 1 if you understand.
2. Trading
High Sell:
The high sell position is shifted to 92800-93100, with a stop loss at the previous high of 93600.
Low Buy:
Shift to 88500-88000 for low buys, with a stop loss around 87500.
【Ethereum Market Analysis + Trading】
Time is a bit tight, so let’s keep it brief. Continue to oscillate around 3000-3250, watching for a breakout in either direction.
Trading:
High Sell:
The high sell position is shifted to 3250-3280, with a stop loss at 3330.
Low Buy:
Low buy around 3030, with a stop loss at 2980.