Analyst Chen Shu: Midnight November 20th Bitcoin, Ethereum market strategy *No. 2, short-term strength again, if the pullback does not break the position, continue to go long and bullish.
On November 19th afternoon analysis provided long and short strategy ideas, Bitcoin gave a long order at 9.03 and a short order at the 9.2 line, Ethereum provided a strategy in the range of 3050-3200. Currently, Bitcoin is maintaining a strong high-level oscillation, and how to operate as it is about to break through new highs is detailed in the following analysis.
From the daily chart of Bitcoin, today it closed with a solid bullish candle, the price continues to extend the bullish trend along the MA5-day moving average; looking at the 4-hour chart, although it has maintained a narrow high-level oscillation in recent days, the price has always remained above the 4-hour MA30-day moving average. Since the beginning of this round of rise, it has not broken this line, so the overall trend still maintains a bullish trend. Although there has been no significant increase in K-line during the day, the price continues to test the high point of 9.3 upwards. Before breaking this line, treat it as a long position on pullbacks.
From the daily chart of Ethereum, today the daily line failed to stabilize above the MA5/10-day moving averages and once again closed with a bearish K-line. It will again pull back to the MA256-day moving average (3050) line. Pay attention to the gain and loss of this line, as it can be treated as a dividing line for long and short positions. If it is lost, it will weaken again.
Midnight operation ideas (writing time: 02:00):
BTC: Light position long near 9.14, add to long on pullback to 9.05, target near 9.3;
ETH: Continue to treat it as high selling and low buying within the range of 3050-3200, waiting for this range to successfully break before following up with operations.
Note: Currently, Bitcoin is maintaining a high-level oscillation and is testing the high point of 9.3 upwards. Just pay attention to the gain and loss of the MA30-day moving average on the 4-hour chart; if it is not lost, continue to look for long positions.
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