11.21 Bitcoin Auntie Market Analysis and Trading Strategy

Bitcoin has once again strongly broken through to reach a historical high. Although the market was leaning bearish yesterday, it steadily rose in the afternoon, and shorting near the previous high was unfortunately a loss! The price increase has pulled the indicators towards bullish!

The daily chart shows three consecutive bullish candles, with the overall trend clearly influenced by capital inflow! There is not much room for major retracement, and the price is currently facing resistance at the 95000 level. The KDJ three lines have once again golden crossed and are diverging upwards, with bulls gaining strength again. Given this market manipulation by the whales, there’s no need to speculate on the upper resistance; any retracement is an opportunity to enter! Be cautious with shorting!

11.21 Bitcoin Trading Strategy: Aggressive traders can enter long near 93500 on a retracement, while conservative traders can enter near 93000, with a stop loss around 92500, targeting 94000-94500-95000, and holding if it breaks!

Try shorting near 95000, with a stop loss of 400 points, targeting 800-1000 points, and if it breaks down, hold to watch for around 93500.

This year, Ethereum has indeed been lagging behind; every time the market rises, it tends to underperform. Yesterday it followed the market but quickly fell back after touching around 3160, with a minimum retracement to the 3031 line in the early morning. The overall trend is leaning bearish, completely deviating from the market's upward momentum!

11.21 Ethereum Trading Strategy: Enter long on a retracement to 3000-3030, with a stop loss below 2970, targeting around 3070-3100, and hold if it breaks to watch for around 3120-3150, with a medium-term target of around 3200-3250-3300-3350-3400-3450.

Shorting Strategy: Short near 3150, with a stop loss around 3180, targeting around 3100-3080, and for strong downward movement, watch for around 3060-3000.

Tether has continuously increased the issuance of USDT on the Ethereum chain, but the market seems unresponsive, and there is a considerable chance for a corrective rally. Everyone should closely monitor market movements and look for opportunities to catch a bottom for a medium to long-term trade! If you can't find the right entry point, you can stick to the Conan strategy, and we can charge together and reach the shore together! #BTC何时突破10万？