Li Shengtian: 11.20 Bitcoin/Ethereum Early Morning Market Analysis and Trading Ideas
In the evening, Bitcoin once again showed a bullish trend, with the current price approaching 92600. From the current weekly technical indicators, the BOLL technical indicator still has a significant technical gap, so the current rally is likely just a trap to lure in buyers before a washout decline. After all, there aren't many bullish chips, and there will definitely be a need to wash out some short-selling retail investors first. From the daily technical indicators, Bitcoin has shown a red TD13, while Ethereum has shown a red TD1 bearish signal. At the same time, the daily KDJ technical indicators are all above a high value of 80, so the strategy for early this morning remains unchanged, and it is recommended to primarily short on rebounds.
Bitcoin: Short positions around 92600-93200 Stop loss: 94000
