11.19 Afternoon Thoughts

Today is another interesting trend, Bitcoin has been oscillating upwards for half a day since morning, while Ethereum has been continuously declining!

In fact, from the daily chart, it is not hard to see that Bitcoin's pullback is very small, never dropping below 85000, while Ethereum has pulled back almost half from its peak around 3450 to its current range around 3100-3000. So the feeling now is quite strange; it seems like Bitcoin wants to push for a new high in the next few days, while Ethereum seems to be probing its iron bottom at 3010 again.

From the current trend, Bitcoin has failed to break through the small resistance at 92000 and has started to pull back, while Ethereum is consistently oscillating downwards, so in the afternoon, it is better to focus on short positions first!

Afternoon Trading Suggestions

Bitcoin at around 91800 for a short position, target around 91000, if broken look at around 90600

Ethereum at around 3125 for a short position, target around 3080-3050

The above ideas are for reference only, please refer to actual trading #BTC☀ #ETH🔥🔥🔥🔥