Analyst Chen Shu: 11.9 Afternoon Bitcoin and Ethereum Market Strategy *No. 1, Successful Profit Taking on Long Position Yesterday, Expecting Narrow Fluctuations on Saturday
On November 8th, the afternoon analysis provided a long position at 7.56/2890, with the long position basically offering an entry opportunity. The market rebounded to a peak of 7.66/2960, resulting in a profit of 1000/70 points. Congratulations to those who followed the operation. Unfortunately, the midnight short position hit the stop loss and exited. Currently, please see the following analysis on how to operate during Saturday's narrow fluctuations.
From the daily chart of Bitcoin, yesterday it broke upward again to reach a high of 77,000, setting a new high, and the daily candle closed as a small bullish candle, indicating that the overall bullish trend remains strong with basically no significant correction trend or process; looking at the 4-hour chart, the current price remains above the 5/10-day moving averages. As long as the price continues to operate above the 4-hour MA5/10, it represents that the market still maintains strength. During the day, attention can be paid to whether it will break below the 4-hour MA5/10 after the fluctuations. On Saturday, it should be treated as narrow fluctuations.
From the daily chart of Ethereum, yesterday it again closed as a red candle, and the current price is extremely close to the daily MA256 (3070). After breaking and stabilizing above 2960, the possibility of rising to around 3070 is quite high; looking at the 4-hour chart, the price continues to rise steadily along the MA5/10, treating it as bullish until it fails to hold the 5/10 moving averages.
Afternoon Operation Thought (Writing Time: 13:00):
BTC: On Saturday, treat it as high selling and low buying within the range of 7.62-7.66. If it breaks below 7.6, arrangements will be made. Trend analysis will be left for tomorrow's article.
ETH: Treat it as high selling and low buying within the range of 2940-80.
Note: There is basically no volatility on Saturday. The operation should be treated as narrow fluctuations. Trend analysis and other topics will be explained in the afternoon article. It is expected that the market will respond with fluctuations only on Sunday night.
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Analyst Chen Shu: Midnight Bitcoin and Ethereum market strategy on November 9th * No. 2, successful profit-taking on long positions, looking for a correction in the evening
On November 8th, midnight analysis provided long positions at 7.56/2890, with the market giving nearly all entry opportunities. The market peaked at 7.66/2960, with long positions yielding 1000/70 points in profit. Congratulations to those who followed the operation. Currently, the short-term narrow fluctuations continue to maintain strength; please see the following analysis for operational strategies.
Looking at Bitcoin from the daily chart, a small doji star has formed again. Overall, the market is maintaining narrow fluctuations, with upward momentum gradually slowing down. The trend of unilateral upward movement is gradually weakening. From the 4-hour chart, the price is gradually stagnating around 7.6. If it loses the 4-hour MA10 moving average, the short-term unilateral upward strong market will temporarily end, entering a correction phase. The support level to watch is the loss of the 4-hour MA5/10 moving average.
Looking at Ethereum from the daily chart, it is currently forming a small red candlestick. The 4-hour chart shows a short-term resistance level at 2960, which is also the MA30 moving average resistance level on the weekly chart. Pay attention to the breakthrough situation at this resistance level. The support level should also focus on the breaking situation of the 4-hour MA5/10 moving average.
Midnight operation ideas (writing time: 02:00):
BTC: Light position short near 7.65, stop loss at 500 points, target at 7.55/7.5
ETH: Light position short near 2930, stop loss at 30 points, target at 2880/2860
Note: As tomorrow is Saturday, the overall market is expected to see narrow fluctuations. Treat the overall market as small interval fluctuations. If it breaks below the 4-hour MA5/10 moving average, then the short-term will move into a fluctuating market; conversely, it will still be treated as high-level narrow fluctuations.
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Analyst Chen Shu: 11.8 Midday Bitcoin and Ethereum Market Strategy No. 1, last night's long position successfully took profit, and the intraday pullback continues to buy
On November 7th, midnight analysis gave a long position at 7.57/2840, which rose to a target point of 7.65/2950, with a profit of 1000/100 points on the long position. Congratulations to friends who followed the operation. Currently, the short-term narrow fluctuations continue to maintain strength. Please see the following analysis for how to operate.
From the daily chart, Bitcoin closed with a candlestick with upper and lower shadows yesterday, and the price set a new historical record reaching a high of 7.68. The key is to focus on the trend after the US stock market opens tonight. During the day, the Asian and European markets mainly showed narrow fluctuations without directional selectivity. The focus is still on the impact of the US stock market opening tonight. In the short term, pay attention to the gains and losses of the 4-hour MA5/10 moving averages. If it continues to hold the 4-hour MA5/10 moving averages, the short-term may continue to rebound and break through. Conversely, if it loses support, watch for a consolidating trend. The short-term support is focused on the 7.55 line.
From the daily chart, Ethereum showed another green K yesterday, and the price tested the MA30 moving average (2960) on the weekly chart but failed to break through. The current daily resistance is focused on the MA256 moving average (3070), while the support level is focused on the 4-hour MA5/10 moving averages. As long as it does not lose this line, it will continue to maintain a strong bullish trend.
Midday operating thoughts (writing time: 14:30):
BTC: Light long position near 7.56, add to the long position near 7.5 on pullback, target at 7.65/7.7 above to reduce position and hold
ETH: Light long position near 2890, add to the long position at 2860 on pullback, target at 2950/3000 above to reduce position and hold
Note: The Asian and European markets during the day are expected to have no significant fluctuations and will not choose a direction. Pay attention to whether the 4-hour level MA5/10 moving averages are lost. The focus is on the direction choice of the US stock market after it opens tonight.
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Analyst Chen Shu: 11.8 Midday Bitcoin and Ethereum Market Strategy No. 1, last night's long position successfully took profit, and the intraday pullback continues to buy
On November 7th, midnight analysis gave a long position at 7.57/2840, which rose to a target point of 7.65/2950, with a profit of 1000/100 points on the long position. Congratulations to friends who followed the operation. Currently, the short-term narrow fluctuations continue to maintain strength. Please see the following analysis for how to operate.
From the daily chart, Bitcoin closed with a candlestick with upper and lower shadows yesterday, and the price set a new historical record reaching a high of 7.68. The key is to focus on the trend after the US stock market opens tonight. During the day, the Asian and European markets mainly showed narrow fluctuations without directional selectivity. The focus is still on the impact of the US stock market opening tonight. In the short term, pay attention to the gains and losses of the 4-hour MA5/10 moving averages. If it continues to hold the 4-hour MA5/10 moving averages, the short-term may continue to rebound and break through. Conversely, if it loses support, watch for a consolidating trend. The short-term support is focused on the 7.55 line.
From the daily chart, Ethereum showed another green K yesterday, and the price tested the MA30 moving average (2960) on the weekly chart but failed to break through. The current daily resistance is focused on the MA256 moving average (3070), while the support level is focused on the 4-hour MA5/10 moving averages. As long as it does not lose this line, it will continue to maintain a strong bullish trend.
Midday operating thoughts (writing time: 14:30):
BTC: Light long position near 7.56, add to the long position near 7.5 on pullback, target at 7.65/7.7 above to reduce position and hold
ETH: Light long position near 2890, add to the long position at 2860 on pullback, target at 2950/3000 above to reduce position and hold
Note: The Asian and European markets during the day are expected to have no significant fluctuations and will not choose a direction. Pay attention to whether the 4-hour level MA5/10 moving averages are lost. The focus is on the direction choice of the US stock market after it opens tonight.
Daily analysis strategy has a high win rate! Analysis is not easy, I hope everyone can give a free follow, collect, like, and comment. Thank you all, and welcome everyone to leave comments below. I will reply one by one!
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Analyst Chen Shu: Bitcoin and Ethereum market strategy No. 2 at midnight on November 8, US stocks continue to open high and move higher, driving prices to rise strongly
The article at noon on November 7 gave a long-term idea of retracement, and gave a long-term idea of 7.36/2770. Bitcoin's retracement did not reach this entry point, and Ethereum had the opportunity to go long near the entry point. The long-term idea was correct. The current price short order of Bitcoin at noon stopped loss, and Ethereum stepped back to the target point of 2772. At present, the short-term follows the US stock market to continue to maintain strength. Please see the following analysis for how to operate.
From the daily chart of Bitcoin, after yesterday's big sun, today's daily line closed red K again. The intraday correction strength was limited and the lowest correction was 7.45. From the 4-hour chart, the price has a correction after the correction of MA10-day moving average. Following the high opening and high movement of US stocks, it is close to the historical high again. The overall trend is treated as a long position, and the breakthrough of 7.64 highs is within reach. It is expected to break through the new high again during the opening of the US stock market. After the US stock market is closed, it can be regarded as a correction.
From the daily chart, Ethereum's price rebounded again today and broke through the daily MA120 average. The next pressure level is at the MA256 average (3070). If Bitcoin breaks through a new high again during the US trading time tonight, Ethereum can not only be bullish, but also look at the rebound tomorrow morning. The pressure level refers to the three positions of 2950/3070/3100.
Midnight operation ideas (writing time: 01: 30):
BTC: light positions near 7.57, add positions near 7.5, and reduce positions above 7.65/7.7
ETH: light positions near 2840, add positions at 2810, and reduce positions above 2950
Note: The US stock market continues to be bullish during the opening period. After the US stock market is closed, Bitcoin will be treated as a correction. If Bitcoin breaks through a new high again during the opening period of the US stock market, Ethereum can make a wave of rebounding long orders.
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Trader Chen Shu: 11.8 Midday 12:40 Current Price Order Strategy Reminder:
AAVE has a short-term need for a pullback, it is recommended to directly short around the current price of 180, with the initial target at 176. If it breaks, reduce positions and hold with a look down at the 171/169 line.
This suggestion is for reference only and does not constitute an operating suggestion; please make your own judgment $BTC $ETH $SOL #分析师陈树现价单
Analyst Chen Shu: Bitcoin and Ethereum market strategy No. 2 at midnight on November 8, US stocks continue to open high and move higher, driving prices to rise strongly
The article at noon on November 7 gave a long-term idea of retracement, and gave a long-term idea of 7.36/2770. Bitcoin's retracement did not reach this entry point, and Ethereum had the opportunity to go long near the entry point. The long-term idea was correct. The current price short order of Bitcoin at noon stopped loss, and Ethereum stepped back to the target point of 2772. At present, the short-term follows the US stock market to continue to maintain strength. Please see the following analysis for how to operate.
From the daily chart of Bitcoin, after yesterday's big sun, today's daily line closed red K again. The intraday correction strength was limited and the lowest correction was 7.45. From the 4-hour chart, the price has a correction after the correction of MA10-day moving average. Following the high opening and high movement of US stocks, it is close to the historical high again. The overall trend is treated as a long position, and the breakthrough of 7.64 highs is within reach. It is expected to break through the new high again during the opening of the US stock market. After the US stock market is closed, it can be regarded as a correction.
From the daily chart, Ethereum's price rebounded again today and broke through the daily MA120 average. The next pressure level is at the MA256 average (3070). If Bitcoin breaks through a new high again during the US trading time tonight, Ethereum can not only be bullish, but also look at the rebound tomorrow morning. The pressure level refers to the three positions of 2950/3070/3100.
Midnight operation ideas (writing time: 01: 30):
BTC: light positions near 7.57, add positions near 7.5, and reduce positions above 7.65/7.7
ETH: light positions near 2840, add positions at 2810, and reduce positions above 2950
Note: The US stock market continues to be bullish during the opening period. After the US stock market is closed, Bitcoin will be treated as a correction. If Bitcoin breaks through a new high again during the opening period of the US stock market, Ethereum can make a wave of rebounding long orders.
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Trader Chen Shu: 11.7 14:00 Current Price Order Strategy Reminder:
Bitcoin has shown a slight pullback trend in the short term, it is recommended to short directly near the current price of 7.47, with the first target at 7.36, and if broken, reduce holdings and look down to 7.3. Ethereum can also short above the current price of 2840, with targets at 2770/2750/2730.
This suggestion is for reference only and does not constitute an operation suggestion; please make your own judgment.
Analyst Chen Shu: 11.7 Afternoon Bitcoin and Ethereum Market Strategy *No.1, Prices Hit New Highs, Short-term Focus on Pullback Buying Opportunities
In the afternoon article on November 6, a pullback buying approach was suggested, with a buy idea at 7.36/2580. Bitcoin retraced to a low of 7.26, while Ethereum maintained a strong rebound after entry, reaching the 2680 take profit point, with over 100 points profit from the long position. The long position strategy was correct. Currently, the short-term stagnation and slight decline, how to operate, please see the analysis below.
From the daily chart, Bitcoin yesterday formed a large bullish candle, again setting a new high of 7.64 in the early morning. The overall market remains strongly bullish, with no signs of a pullback in the short term. Daily support focuses on the previous high of 7.36; on the 4-hour chart, short-term it has consecutively formed 2 bearish candles, initially indicating signs of short-term pullback. The price has also fallen below the 4-hour MA5 moving average, watch to see if the price will pull back to the 4-hour MA10 moving average (7.36). On the 1-hour chart, the same price shows consecutive small bearish candles, pay attention to the pullback strength at the 1-hour MA30 moving average (7.43).
From the daily chart, Ethereum has shown a continuous two-day rise, driving the Ethereum price to directly break through the daily MA120 moving average (2680) resistance. The current price has reached above 2800, with resistance levels at 2955/3070; the 4-hour chart is currently very strong, focusing on short-term pullback buying opportunities.
Afternoon Operation Ideas (Writing time: 13:30):
BTC: Light long near 7.36, increase long near 7.3 on pullback, target at 7.45/7.5 above can reduce positions and hold.
ETH: Light long near 2770, increase long at 2740 on pullback, target at 2900 above can reduce positions and hold.
Note: The overall market remains strongly unilateral so far, with no major pullback. The trading strategy should mainly focus on long positions, but do not chase long, patiently wait for pullback opportunities to buy.
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Analyst Chen Shu: 11.6 Midday Midnight Bitcoin and Ethereum Market Strategy * No. 1, Election Boosts Surge, Breaks Historical Highs and Continues to Look Bullish
On November 5th, a midday post provided a short selling strategy for the rebound, suggesting short positions at 6.92/2450. Subsequently, after the price broke and stabilized at 6.95 in the early hours, a rapid surge broke through the historical high of 75,000. Currently, with a strong short-term performance breaking new highs, please see the following analysis for operational strategies.
From the daily chart of Bitcoin, today's daily line closed with a large bullish candle with an increase of 8%, completely breaking through the technical resistance. The market has been ignited by the election, leading to a bullish trend. As long as Trump's vote rate continues to lead, Bitcoin's price will continue to rise, further pulling Bitcoin's price upward. This kind of news-driven rise has no pressure levels for reference; once FOMO sentiment is ignited, the price peaks cannot be imagined. In terms of operations, try to treat it as a buying opportunity on dips.
For Ethereum, similarly, the daily level does not have the same extent of increase as Bitcoin. While Bitcoin is in a consolidation phase, one can expect Ethereum to catch up. The pressure level should first reference the daily MA120 moving average line (2680).
BTC: Light long positions around 7.42, add to long positions on a dip at 7.36, target at above 7.5 for reduction and holding.
ETH: Light long positions around 2580, add to long positions on a dip at 2560, target at above 2680 for reduction and holding.
Note: In the short term, attention needs to be paid to the selling pressure from profit-taking. It is currently basically confirmed that Trump is leading in votes. Therefore, the long positions bought in advance will realize profits when the situation stabilizes. This selling pressure from short-term profit-taking needs attention, and it is advisable not to chase high positions but rather wait for dips to add long positions for greater safety. If there are no opportunities, wait for opportunities. The market will continue after the election votes are counted!
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Analyst Chen Shu: 11.7 Midnight Bitcoin, Ethereum Market Strategy *No. 2, Bulls Continue to Ferment, Pullbacks Should Continue to Buy Bullish
On November 6, I posted an article at noon giving a pullback buying strategy, recommending 7.36/2580 to buy, Bitcoin pulled back to a minimum of 7.26, while Ethereum maintained a strong rebound after entering the market, reaching a peak of 2668, with a profit of 80 points from long positions. The long position strategy is correct. Currently, please see the following analysis for how to operate while following the strong performance of US stocks on a short-term basis.
From the daily chart of Bitcoin, the daily line surged to a high of 7.54 during the election market, setting a new historical high. Currently, the daily line shows a relatively obvious bullish market. The price rebounded effectively after retesting the daily MA30 moving average, while the weekly level also shows a relatively clear bullish trend. Overall, it is recommended to treat pullbacks as buying opportunities; on the 4-hour chart, the price is currently running above the MA5/10 moving average. Although there was a brief stagnation above 7.4 in the short term, the overall bullish trend is still quite clear. If there is a pullback opportunity, one can choose to buy bullish.
From the daily chart of Ethereum, today it also closed with a large upward candle with an increase of nearly 10%. The price is about to approach the daily MA120 moving average (2680) resistance level. The price previously touched this line twice and both times led to significant pullback markets. Pay attention to whether this election market-driven rise can help Ethereum break through the daily MA120 moving average resistance. Also, watch the weekly MA60 moving average (2710) resistance.
Midnight Operation Strategy (Written at: 00:30):
BTC: Light positions near 7.36, add positions near 7.3 on pullbacks, target 7.45/7.5 above to reduce positions and hold
ETH: Light positions in the range of 2630-10, add positions on pullbacks to 2580, target above 2700 to reduce positions and hold
Note: Although the overall market is driven by the election market, the fact that Bitcoin has broken through to a historical high is undeniable. The bullish sentiment in the market has been ignited. Although there is short-term selling pressure due to profit-taking from previous gains, we still expect the price to continue breaking upwards, waiting for pullback opportunities to buy.
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Analyst Chen Shu: 11.6 Midday Midnight Bitcoin and Ethereum Market Strategy * No. 1, Election Boosts Surge, Breaks Historical Highs and Continues to Look Bullish
On November 5th, a midday post provided a short selling strategy for the rebound, suggesting short positions at 6.92/2450. Subsequently, after the price broke and stabilized at 6.95 in the early hours, a rapid surge broke through the historical high of 75,000. Currently, with a strong short-term performance breaking new highs, please see the following analysis for operational strategies.
From the daily chart of Bitcoin, today's daily line closed with a large bullish candle with an increase of 8%, completely breaking through the technical resistance. The market has been ignited by the election, leading to a bullish trend. As long as Trump's vote rate continues to lead, Bitcoin's price will continue to rise, further pulling Bitcoin's price upward. This kind of news-driven rise has no pressure levels for reference; once FOMO sentiment is ignited, the price peaks cannot be imagined. In terms of operations, try to treat it as a buying opportunity on dips.
For Ethereum, similarly, the daily level does not have the same extent of increase as Bitcoin. While Bitcoin is in a consolidation phase, one can expect Ethereum to catch up. The pressure level should first reference the daily MA120 moving average line (2680).
BTC: Light long positions around 7.42, add to long positions on a dip at 7.36, target at above 7.5 for reduction and holding.
ETH: Light long positions around 2580, add to long positions on a dip at 2560, target at above 2680 for reduction and holding.
Note: In the short term, attention needs to be paid to the selling pressure from profit-taking. It is currently basically confirmed that Trump is leading in votes. Therefore, the long positions bought in advance will realize profits when the situation stabilizes. This selling pressure from short-term profit-taking needs attention, and it is advisable not to chase high positions but rather wait for dips to add long positions for greater safety. If there are no opportunities, wait for opportunities. The market will continue after the election votes are counted!
For real-time market strategy discussions and inquiries about market issues, you can follow my personal account homepage, the original (Coin World) ranked first personal KOL main influencer, providing free guidance and answering trading questions. Everyone is welcome to communicate and exchange! $BTC
Analyst Chen Shu: 11.6 Midday Midnight Bitcoin and Ethereum Market Strategy * No. 1, Election Boosts Surge, Breaks Historical Highs and Continues to Look Bullish
On November 5th, a midday post provided a short selling strategy for the rebound, suggesting short positions at 6.92/2450. Subsequently, after the price broke and stabilized at 6.95 in the early hours, a rapid surge broke through the historical high of 75,000. Currently, with a strong short-term performance breaking new highs, please see the following analysis for operational strategies.
From the daily chart of Bitcoin, today's daily line closed with a large bullish candle with an increase of 8%, completely breaking through the technical resistance. The market has been ignited by the election, leading to a bullish trend. As long as Trump's vote rate continues to lead, Bitcoin's price will continue to rise, further pulling Bitcoin's price upward. This kind of news-driven rise has no pressure levels for reference; once FOMO sentiment is ignited, the price peaks cannot be imagined. In terms of operations, try to treat it as a buying opportunity on dips.
For Ethereum, similarly, the daily level does not have the same extent of increase as Bitcoin. While Bitcoin is in a consolidation phase, one can expect Ethereum to catch up. The pressure level should first reference the daily MA120 moving average line (2680).
BTC: Light long positions around 7.42, add to long positions on a dip at 7.36, target at above 7.5 for reduction and holding.
ETH: Light long positions around 2580, add to long positions on a dip at 2560, target at above 2680 for reduction and holding.
Note: In the short term, attention needs to be paid to the selling pressure from profit-taking. It is currently basically confirmed that Trump is leading in votes. Therefore, the long positions bought in advance will realize profits when the situation stabilizes. This selling pressure from short-term profit-taking needs attention, and it is advisable not to chase high positions but rather wait for dips to add long positions for greater safety. If there are no opportunities, wait for opportunities. The market will continue after the election votes are counted!
For real-time market strategy discussions and inquiries about market issues, you can follow my personal account homepage, the original (Coin World) ranked first personal KOL main influencer, providing free guidance and answering trading questions. Everyone is welcome to communicate and exchange! $BTC $ETH $BNB #BTC创历史新高
Analyst Chen Shu: 11.5 Midday Midnight Bitcoin, Ethereum Market Strategy *1, Yesterday's Short Position Profits Focus on Intraday Pullback Strength
On November 4th, a post was made around noon providing a short strategy for the rebound, suggesting shorting at 6.93/2500. Bitcoin rebounded to a high of around 6.92 before dropping to the target point of 6.7, successfully capturing over 2000 points from the short position. The forecast was correct, and for the current short-term rebound and how to operate, please see the analysis below.
From the daily chart of Bitcoin, yesterday's market declined as analyzed, touching the daily MA30 moving average. The focus for the short-term rebound is whether the price can return above the daily MA5/10 moving averages, which also acts as the pressure level for the short-term pullback; on the 4-hour chart, after breaking below the 4-hour MA120 moving average (6.86) last night, the market accelerated its decline testing the low of 6.7. Currently, the short-term is rebounding to this line, and we need to pay attention to whether it can stand back above 6.86. The overall strength or weakness of the market should still focus on the 1-hour level MA256 moving average, which is around 6.93.
Looking at the daily chart of Ethereum, the market trend yesterday was generally consistent with the analysis in the article, pulling back to test the support at the low point of 2380-50. Overall, it still shows a weak oscillation adjustment market. The pressure level should first reference the 4-hour MA5/10 moving averages, and we should maintain a bearish view until it breaks and holds above the 4-hour MA5/10 moving averages.
BTC: Light short position near 6.92, add short on rebound at 6.96, target around 6.8, reduce position and hold if it breaks down to around 6.7.
ETH: Light short position first near 2450, add short on rebound at 2480, initial target around 2400, reduce position and hold if it breaks down to around 2380.
Note: Currently, there is a short-term stop and rebound. It is necessary to pay attention to the strength of a pullback during the day. If it continuously rebounds and holds above 6.95, then the short-term should not be treated as a one-sided bearish outlook.
Daily analysis strategy has a high win rate! Analysis is not easy, and I hope everyone can give a free follow, collect, like, and comment. Thank you all, and I welcome everyone to leave comments below for discussion; I will reply one by one!
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On November 3rd, the afternoon post provided a rebound short-selling idea, giving a short-selling target at 6.92/2480. Bitcoin rebounded to a high of 6.93 and then dropped to around 6.83, with a short position yielding about 1000 points, the overall judgment was basically correct. For how to operate on the current slight rebound, please refer to the analysis below.
From the daily chart of Bitcoin, yesterday closed with a lower shadow inverted hammer bearish K, the price has been running below the MA5/10 daily moving averages, and the overall trend is still consistent with yesterday's analysis. The pressure level looks at the breakthrough stability of the MA5/10 daily moving averages (6.94-97); if it stabilizes at this line, it will temporarily end the current short-term weak fluctuation adjustment market. On the hourly chart, the price has repeatedly tested the MA256 daily moving average (6.93) line, which can serve as the current short-term bull-bear watershed. Previously, when the price was declining, this line was also repeatedly tested for support. If 6.93 forms a pressure level, then in the short term, this line will also form a top-bottom conversion pressure level.
From the daily chart of Ethereum, yesterday continued the weak downward trend, and the daily level has completely lost the MA60 daily moving average (2500). The short-term support level is still looking at the 2380 line as consistent with yesterday's analysis; on the 4-hour chart, the short-term is stuck in the 2400-2430 range, and the price has now re-stabilized above the 4-hour MA5/10 daily moving averages, paying attention to the subsequent rebound strength, with pressure levels referring to the 2530-2550 range.
Afternoon Operating Ideas (Drafting Time: 15:30):
BTC: Light short near 6.93, increase short on a rebound to 6.98, target looking at around 6.8, reduce position if breaking down and hold looking down to 6.75/6.7 line
ETH: Light short near 2500 first, increase short on rebound to 2530/2550, target looking first at 2430, reduce position if breaking down and hold looking down to 2380 line
Note: The daily level has currently lost the MA5/10 daily moving average, so it should be treated with a short-term bearish view. The key pressure level on the short-term is whether the MA256 daily moving average on the hourly level can break through and stabilize. If it can stabilize above 6.93, then the short term will rebound upwards by 1000 points; otherwise, there will be a pullback test at 6.7 with 6.93 as a strong pressure level.
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Analyst Chen Shu: 11.5 Midnight Bitcoin and Ethereum Market Strategy * No. 2, Short position valid for short-term focus on breaking the 6.85-6.95 range
On November 4th, an article was published at noon providing a rebound short-selling strategy, suggesting a short position at 6.93/2500. Bitcoin peaked at around 6.92, then dipped to the target point of 6.8, successfully gaining over 1000 points on the short position. The forecast was largely accurate, and the current short-term continues to maintain a weak downward trend. How to operate is detailed in the following analysis.
From the daily chart of Bitcoin, today's rebound has not crossed the MA5/10 moving averages, indicating a clear weak market. The current short-term resistance is at the MA5/10 daily moving averages (6.92-6.96). As long as the price cannot stand above this line, it should be treated as a weak pullback. The overall trend range to focus on is first the 4-hour MA120-60 moving average range, which is 6.85-6.95. A breakout will represent the market price direction, while the key dividing line between long and short positions remains the same as the noon analysis, which is the 1-hour MA256 daily moving average (6.93).
From the daily chart of Ethereum, the overall trend remains below the MA5 daily moving average, with a clear weak pullback. The initial support is at around 2380, and the resistance should focus on the MA5/10 daily moving averages in the 4-hour chart. In terms of operation, do not consider going long for now; only short on rebounds.
BTC: Light short position near 6.85, add to short position on rebound at 6.9, target around 6.75, reduce position if it breaks and hold to look at 6.7.
ETH: Light short position near 2450, add to short position on rebound at 2480, target first at 2400, reduce position if it breaks and hold to look at 2380.
Note: The short-term outlook is clearly bearish, maintain short on rebounds. Do not consider long positions for now; wait for the daily line to test the MA30 daily moving average (6.7) and consider entering long positions after a spike.
The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, collect, like, and comment, thank you all, and I welcome everyone to leave comments below for discussion; I will reply one by one!
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On November 3rd, the afternoon post provided a rebound short-selling idea, giving a short-selling target at 6.92/2480. Bitcoin rebounded to a high of 6.93 and then dropped to around 6.83, with a short position yielding about 1000 points, the overall judgment was basically correct. For how to operate on the current slight rebound, please refer to the analysis below.
From the daily chart of Bitcoin, yesterday closed with a lower shadow inverted hammer bearish K, the price has been running below the MA5/10 daily moving averages, and the overall trend is still consistent with yesterday's analysis. The pressure level looks at the breakthrough stability of the MA5/10 daily moving averages (6.94-97); if it stabilizes at this line, it will temporarily end the current short-term weak fluctuation adjustment market. On the hourly chart, the price has repeatedly tested the MA256 daily moving average (6.93) line, which can serve as the current short-term bull-bear watershed. Previously, when the price was declining, this line was also repeatedly tested for support. If 6.93 forms a pressure level, then in the short term, this line will also form a top-bottom conversion pressure level.
From the daily chart of Ethereum, yesterday continued the weak downward trend, and the daily level has completely lost the MA60 daily moving average (2500). The short-term support level is still looking at the 2380 line as consistent with yesterday's analysis; on the 4-hour chart, the short-term is stuck in the 2400-2430 range, and the price has now re-stabilized above the 4-hour MA5/10 daily moving averages, paying attention to the subsequent rebound strength, with pressure levels referring to the 2530-2550 range.
Afternoon Operating Ideas (Drafting Time: 15:30):
BTC: Light short near 6.93, increase short on a rebound to 6.98, target looking at around 6.8, reduce position if breaking down and hold looking down to 6.75/6.7 line
ETH: Light short near 2500 first, increase short on rebound to 2530/2550, target looking first at 2430, reduce position if breaking down and hold looking down to 2380 line
Note: The daily level has currently lost the MA5/10 daily moving average, so it should be treated with a short-term bearish view. The key pressure level on the short-term is whether the MA256 daily moving average on the hourly level can break through and stabilize. If it can stabilize above 6.93, then the short term will rebound upwards by 1000 points; otherwise, there will be a pullback test at 6.7 with 6.93 as a strong pressure level.
For real-time market strategy communication and inquiries about market issues, you can follow my personal account homepage, Original (Coin World) ranked first personal KOL main $BTC
On November 3rd, the afternoon post provided a rebound short-selling idea, giving a short-selling target at 6.92/2480. Bitcoin rebounded to a high of 6.93 and then dropped to around 6.83, with a short position yielding about 1000 points, the overall judgment was basically correct. For how to operate on the current slight rebound, please refer to the analysis below.
From the daily chart of Bitcoin, yesterday closed with a lower shadow inverted hammer bearish K, the price has been running below the MA5/10 daily moving averages, and the overall trend is still consistent with yesterday's analysis. The pressure level looks at the breakthrough stability of the MA5/10 daily moving averages (6.94-97); if it stabilizes at this line, it will temporarily end the current short-term weak fluctuation adjustment market. On the hourly chart, the price has repeatedly tested the MA256 daily moving average (6.93) line, which can serve as the current short-term bull-bear watershed. Previously, when the price was declining, this line was also repeatedly tested for support. If 6.93 forms a pressure level, then in the short term, this line will also form a top-bottom conversion pressure level.
From the daily chart of Ethereum, yesterday continued the weak downward trend, and the daily level has completely lost the MA60 daily moving average (2500). The short-term support level is still looking at the 2380 line as consistent with yesterday's analysis; on the 4-hour chart, the short-term is stuck in the 2400-2430 range, and the price has now re-stabilized above the 4-hour MA5/10 daily moving averages, paying attention to the subsequent rebound strength, with pressure levels referring to the 2530-2550 range.
Afternoon Operating Ideas (Drafting Time: 15:30):
BTC: Light short near 6.93, increase short on a rebound to 6.98, target looking at around 6.8, reduce position if breaking down and hold looking down to 6.75/6.7 line
ETH: Light short near 2500 first, increase short on rebound to 2530/2550, target looking first at 2430, reduce position if breaking down and hold looking down to 2380 line
Note: The daily level has currently lost the MA5/10 daily moving average, so it should be treated with a short-term bearish view. The key pressure level on the short-term is whether the MA256 daily moving average on the hourly level can break through and stabilize. If it can stabilize above 6.93, then the short term will rebound upwards by 1000 points; otherwise, there will be a pullback test at 6.7 with 6.93 as a strong pressure level.
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Bearish
Analyst Chen Shu: 11.3 Afternoon Bitcoin and Ethereum Market Strategy No. 1, break down and rebound to short, looking at the 6.65 low support!
On November 2nd, a post was made in the afternoon providing a short strategy for the rebound, suggesting a range trading strategy for Bitcoin at 7, and a short strategy for Ethereum at 2530. The market saw a significant drop today during the Asian session, breaking the 6.9 support level. How to operate under the condition of oversold rebound is analyzed below.
From the daily chart of Bitcoin, the daily level has broken below the MA10 moving average emphasized in yesterday's article. The overall market has shifted from weak fluctuations to a weak correction. If today's price cannot return to the daily MA10 moving average (6.95), it will continue this weak downward trend to test the daily MA30 moving average (6.65) low point, and this probability is relatively high; looking at the 4-hour chart, the price has currently fallen to the MA120 moving average at 6.83, briefly halting the decline with a slight rebound. The next support level is at the MA256 moving average (6.55). Overall, it is recommended to treat it as a bearish fluctuation.
From the daily chart of Ethereum, yesterday once again closed with a small bearish candlestick, with the price breaking below the daily MA60 moving average, basically falling into a bearish trend, with the lower support level at around 2380; looking at the 4-hour chart, the price is moderately running below the MA5/10 moving averages, basically showing a one-sided downward trend, with the resistance level referring to the 4-hour MA5/10 moving averages.
BTC: Light short near 6.88, add short on rebound at 6.94, target first at 6.8, reduce position if broken, look down to the 6.66-6.55 range.
ETH: Light short near 2465, add short on rebound at 2495, target 2380, reduce position if broken, look down to 2330.
Note: A clear short-term correction trend has emerged. If the daily price breaks below the 6.95-6.9 range, it should be treated as bearish in the short term. It is suggested to short on rebounds, with the target price range for corrections referring to 6.66-6.55.
Daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can give a free follow, collect, like, and comment. Thank you all, and feel free to discuss in the comments below.
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Analyst Chen Shu: 11.3 Afternoon Bitcoin and Ethereum Market Strategy No. 1, break down and rebound to short, looking at the 6.65 low support!
On November 2nd, a post was made in the afternoon providing a short strategy for the rebound, suggesting a range trading strategy for Bitcoin at 7, and a short strategy for Ethereum at 2530. The market saw a significant drop today during the Asian session, breaking the 6.9 support level. How to operate under the condition of oversold rebound is analyzed below.
From the daily chart of Bitcoin, the daily level has broken below the MA10 moving average emphasized in yesterday's article. The overall market has shifted from weak fluctuations to a weak correction. If today's price cannot return to the daily MA10 moving average (6.95), it will continue this weak downward trend to test the daily MA30 moving average (6.65) low point, and this probability is relatively high; looking at the 4-hour chart, the price has currently fallen to the MA120 moving average at 6.83, briefly halting the decline with a slight rebound. The next support level is at the MA256 moving average (6.55). Overall, it is recommended to treat it as a bearish fluctuation.
From the daily chart of Ethereum, yesterday once again closed with a small bearish candlestick, with the price breaking below the daily MA60 moving average, basically falling into a bearish trend, with the lower support level at around 2380; looking at the 4-hour chart, the price is moderately running below the MA5/10 moving averages, basically showing a one-sided downward trend, with the resistance level referring to the 4-hour MA5/10 moving averages.
BTC: Light short near 6.88, add short on rebound at 6.94, target first at 6.8, reduce position if broken, look down to the 6.66-6.55 range.
ETH: Light short near 2465, add short on rebound at 2495, target 2380, reduce position if broken, look down to 2330.
Note: A clear short-term correction trend has emerged. If the daily price breaks below the 6.95-6.9 range, it should be treated as bearish in the short term. It is suggested to short on rebounds, with the target price range for corrections referring to 6.66-6.55.
Daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can give a free follow, collect, like, and comment. Thank you all, and feel free to discuss in the comments below.
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Analyst Chen Shu: 11.2 Bitcoin and Ethereum Market Strategy at Noon *No. 1, Weak Volatile Market Focus on Support Levels 6.96-6.9
On November 1st, a post was made at noon providing a rebound short selling strategy, suggesting shorting at 7.07/2570, with the highest rebound reaching 7.16/2580. In the evening, it fell below the 70,000/2500 line, with Bitcoin making slight profits and Ethereum dipping to the target point of 2580, achieving around 90 points of profit. Congratulations to friends who followed the strategy. As for Saturday, we maintain a weak volatile market; please see the analysis below for operation guidance.
From the daily chart of Bitcoin, it once again closed with a bearish candle yesterday, piercing the daily MA10 moving average line (6.95). During the day, attention needs to be paid to the gains and losses at this position of 6.95, while the resistance level focuses on the breakout of the MA5 moving average line (7.09); on the 4-hour chart, the short-term support at MA60 moving average line (6.9) has shown signs of halting the decline. Short-term support is clearly present at the 6.9 line, and during the 1-hour view, the short-term pullback at the 1-hour MA256 moving average line of 6.9 shows a halt in decline. Pay attention to the gains and losses at this position, as holding it will temporarily lead to a consolidation phase.
On the daily chart of Ethereum, yesterday closed with a doji candle showing upper and lower shadows, with prices halting the decline at the MA60 moving average line (2490). During the day, attention should be paid to the situation if this position is broken, while the resistance levels refer to the MA30 moving average line (2530) and the MA256 moving average line (2550) on the 4-hour chart, along with the two resistance levels of MA30/120 moving average line (2580).
Afternoon Operation Thoughts (Written at: 13:30):
BTC: Maintain high sell low buy in the 6.9-7.0 range over the weekend; trend trading strategy will be provided in tomorrow's analysis article.
ETH: Short near 2530, add to shorts on rebounds to 2550, targeting 3-50 points profit.
Note: Currently, the short-term market is weak and volatile, with the first short-term support focusing on the daily MA10 moving average line of 5.95, as well as key support at 6.9 on the 1/4 hour. If it breaks and loses this level, the short-term will completely enter a weak market. Saturday is expected to have little volatility; we will review the specific trends on Sunday evening.
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Analyst Chen Shu: 11.1 Midnight Bitcoin and Ethereum Market Strategy * No. 1, Non-farm payrolls boost prices, pay attention to the 7.07 position
On November 1st, an article was published at noon providing a short-selling strategy for rebounds, recommending short positions at 7.07/2570. The market rebounded to a high of 7.16/2580. Currently, it has again fallen below the 70,000/2500 line, with Bitcoin making a small profit while Ethereum dipped to the target point of 2580, achieving around 90 points in profit. Congratulations to friends who followed the strategy! Please see the following analysis on how to operate during the pullback.
From the daily chart of Bitcoin, it is seen that the daily line has once again formed a bearish K line with upper and lower shadows. The price is fluctuating between the MA5/10 daily moving averages. Short-term resistance and support levels should pay attention to the breakout status of MA5 and MA10. If it stabilizes above MA5 (7.1), it will return to a bullish market, while breaking below MA10 (6.92) will completely end the bullish trend, continuing to test down to 6.6. In the 4-hour chart, after rising to the MA30 daily moving average, a long shadow bearish K line was formed. Pay attention to the gains and losses of the MA60 daily moving average at 6.9 in the 4-hour chart.
From the daily chart of Ethereum, today it again formed a bearish K line with a doji. Short-term support looks at the daily MA30/60 moving averages (2525-2490). Today's strategy suggests shorting at 2570, with a target of 2480. The daily chart should monitor whether the price range of 2525-2490 can hold. If it holds, it will enter a consolidation phase.
BTC: Lightly short in the 7.06-7.12 range, targeting 6.99. If it breaks, reduce positions and hold down to 6.9; consider entering long positions lightly around 6.9/6.8.
ETH: Short in the 2550-80 range, targeting 2520-2480
Note: Tonight's non-farm payrolls are mainly focused on high volatility and pullbacks. Short-term resistance levels should focus on whether the 7.07 position can break through and stabilize, while support levels should look at whether 6.92-6.88 will break down. Approaching the weekend, treat it as a consolidation.
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Today's non-agricultural market, detailed analysis and views are published in a long article, click on the original article below to read!
Trader Chen Shu: Bitcoin and Ethereum market strategy No. 1 at noon on November 1. With the non-agricultural data coming, how to judge the operation today, one article will tell you!
When most people in the market start to collectively sing the praises of Bitcoin, risks will quietly come. Yesterday, the shorts fought back and took away all the longs! Bitcoin plummeted nearly 2,500 points that day. What caused the decline of Bitcoin yesterday? Was it because of the negative PCE price index in September? Or was it because of the negative number of initial jobless claims that week? What triggered the plunge of US stocks, gold and Bitcoin?
The sharp drop in Bitcoin data this time was just a trigger, and the long positions closed at the monthly line and realized their profits. This month it rose from 5.9 to 7.3. Although there were countless wash-outs in the middle, too many long positions with profits accumulated in this process needed to be exited.
Trader Chen Shu: Bitcoin and Ethereum market strategy No. 1 at noon on November 1. With the non-agricultural data coming, how to judge the operation today, one article will tell you!
When most people in the market start to collectively sing the praises of Bitcoin, risks will quietly come. Yesterday, the shorts fought back and took away all the longs! Bitcoin plummeted nearly 2,500 points that day. What caused the decline of Bitcoin yesterday? Was it because of the negative PCE price index in September? Or was it because of the negative number of initial jobless claims that week? What triggered the plunge of US stocks, gold and Bitcoin?
The sharp drop in Bitcoin data this time was just a trigger, and the long positions closed at the monthly line and realized their profits. This month it rose from 5.9 to 7.3. Although there were countless wash-outs in the middle, too many long positions with profits accumulated in this process needed to be exited.
Trader Chen Shu: Bitcoin and Ethereum market strategy No. 3 at midnight on October 31, Ethereum short position successfully made a profit, and pay attention to the gains and losses of 7.2 at midnight
On the afternoon of October 30, the article gave the idea of long positions, and gave the idea of long positions at 7.16/2635. There is an opportunity to enter the long position of Bitcoin. The evening analysis gave a profit of 50 points for shorting Ethereum at 2720, and successfully predicted a profit of 50 points. Congratulations to friends who have followed the operation. The current price maintains a volatile 7.2 line. Please see the following analysis for how to operate.
Bitcoin currently depends on the gains and losses of 7.2 in the short term. 7.2 is expected to be the 4-hour MA5/10 daily moving average support. If it can stand firm on this line after the US stock market is closed, it will return to a unilateral upward trend. On the contrary, if it loses this line, it may fall back to the small supports of 7.15/7.05/70,000 in the short term. Pay attention to the gains and losses of 7.2 at midnight. At present, the overall market is still bullish, but it is dragged down by the US stock market.
Ethereum's midday and evening articles both gave ideas for shorting at 2720. The strategy just stuck at 2720 for shorting, and the lowest price dropped to 2660, successfully taking 50 points of profit. The current price has touched the daily MA120 daily moving average pressure. You can pay attention to whether it will stand up after the retracement. If it stands up, Ethereum will start the next stage of the rise and will go to 3000; 4-hour view, the short-term trend is still relatively strong, and the MA5/10 daily moving average has not been lost. You can pay attention to this small support.
Midnight operation ideas (writing time: 02:00):
BTC: 7.15-7.2 light position long, stable can wait for the callback 7.1-7.03 this range long, the target is above 7.25; short orders can consider short-term short with a small stop loss in the 7.35-7.4 range.
ETH: Go long in the 2660-30 range and look above 2700. The first round of short orders at 2720 has been operated and profited once. Don’t participate for the time being.
Note: The US market tonight was mainly affected by the slight decline of US stocks, which led to a slight divergence in the short term. The price fell back, but as long as 7.2 is not completely lost, the short-term will still be treated as long. 7.2 is not only the 4-hour MA5/10-day moving average support, but also the neckline top and bottom conversion position mentioned in my article today.
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Trader Chen Shu: Bitcoin and Ethereum Market Strategy for October 30 Evening *No. 2, Focus on Pullback Support After a Price Surge
On October 30, an article was published at noon providing a long position strategy, suggesting to go long at 7.16/2635. There was an entry opportunity for Bitcoin long positions, while Ethereum maintained a strong rebound during Bitcoin's stagnation. The current price has pulled back to the 7.15 level after a surge. For operational guidance, please see the analysis below.
Looking at Bitcoin from the daily chart, the 7.2 neckline discussed in the noon article has been breached in the short term. We need to watch whether it can regain that level this evening. The daily moving averages are significantly diverged; if a pullback occurs, the daily MA5 moving average is around 7.05. On the 4-hour chart, the current price has broken below the MA5/10 moving average support. If it continues to move down, we need to pay attention to whether the 7.15 level can hold; if it does not, a pullback to this support level would likely return to a strong upward trend. If it breaks below 7.15, the daily MA5 moving average support is expected to be between 7.05 and 7.0.
Looking at Ethereum from the daily chart, its recent trend has closely mirrored the article analysis. Today, during Bitcoin's stagnation, Ethereum tested the 2700 integer mark for a rebound. The daily chart is currently near the MA120 moving average (2715). The first touch can still allow for a light short position, but this does not mean that touching the 2715 level will end the bullish trend.
Evening Operational Strategy (Written at 22:00):
BTC: Light long at 7.15-7.2; for a more conservative approach, wait for a pullback in the 7.1-7.03 range to go long, targeting above 7.25. Consider small stop-loss short positions in the 7.35-7.4 range for short-term trades.
ETH: Light short in the 2720-2740 range, with about a 30-point stop-loss, targeting around 50 points. If it touches the 2660-30 range below, consider going long to target above 2700.
Note: Currently, there is a stagnation in the trend, so pay attention to the pullback strength this evening. If the 4-hour level establishes a break below the MA5/10 moving averages, it would signify a complete breach of the 7.2 level, suggesting a possible pullback to the 7.05 support level. First, focus on the pullback strength this evening before making any judgments; overall, the market remains bullish.
Daily analysis strategy has a very high success rate! Analysis is not easy, so I hope everyone can give a free follow, bookmark, like, and comment. For real-time market strategy discussions and inquiries, you can follow my personal account homepage: $BTC $ETH $SOL
Trader Chen Shu: Bitcoin and Ethereum Market Strategy for October 30 Evening *No. 2, Focus on Pullback Support After a Price Surge
On October 30, an article was published at noon providing a long position strategy, suggesting to go long at 7.16/2635. There was an entry opportunity for Bitcoin long positions, while Ethereum maintained a strong rebound during Bitcoin's stagnation. The current price has pulled back to the 7.15 level after a surge. For operational guidance, please see the analysis below.
Looking at Bitcoin from the daily chart, the 7.2 neckline discussed in the noon article has been breached in the short term. We need to watch whether it can regain that level this evening. The daily moving averages are significantly diverged; if a pullback occurs, the daily MA5 moving average is around 7.05. On the 4-hour chart, the current price has broken below the MA5/10 moving average support. If it continues to move down, we need to pay attention to whether the 7.15 level can hold; if it does not, a pullback to this support level would likely return to a strong upward trend. If it breaks below 7.15, the daily MA5 moving average support is expected to be between 7.05 and 7.0.
Looking at Ethereum from the daily chart, its recent trend has closely mirrored the article analysis. Today, during Bitcoin's stagnation, Ethereum tested the 2700 integer mark for a rebound. The daily chart is currently near the MA120 moving average (2715). The first touch can still allow for a light short position, but this does not mean that touching the 2715 level will end the bullish trend.
Evening Operational Strategy (Written at 22:00):
BTC: Light long at 7.15-7.2; for a more conservative approach, wait for a pullback in the 7.1-7.03 range to go long, targeting above 7.25. Consider small stop-loss short positions in the 7.35-7.4 range for short-term trades.
ETH: Light short in the 2720-2740 range, with about a 30-point stop-loss, targeting around 50 points. If it touches the 2660-30 range below, consider going long to target above 2700.
Note: Currently, there is a stagnation in the trend, so pay attention to the pullback strength this evening. If the 4-hour level establishes a break below the MA5/10 moving averages, it would signify a complete breach of the 7.2 level, suggesting a possible pullback to the 7.05 support level. First, focus on the pullback strength this evening before making any judgments; overall, the market remains bullish.
Daily analysis strategy has a very high success rate! Analysis is not easy, so I hope everyone can give a free follow, bookmark, like, and comment. For real-time market strategy discussions and inquiries, you can follow my personal account homepage: $BTC $ETH $SOL
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Trader Chen Shu: 10.30 Afternoon Bitcoin and Ethereum Market Strategy No. 1, yesterday's long position strategy was correct, continue to go long on the intraday pullback.
On October 29, I published an article providing long position ideas, suggesting 7.07/2605 for long positions, both close to our entry points. The long position strategy correctly saw a high point above 7.2. The midnight article analysis again suggested 7.2/2630 for long positions, with a midnight analysis suggesting a short at 7.35, which dipped to a low of 7.19, with the short position yielding over 1500 points in profit. Congratulations to those who followed the strategy. Currently, the price has surged and pulled back to consolidate at a high level. Please see the following analysis for operational guidance.
From the daily chart of Bitcoin, yesterday it broke through the 7.2 neckline emphasized in the article and approached a historical high. The current price has pulled back to the 7.2 neckline and is rebounding upwards again. For daily support, first pay attention to whether the 7.2 neckline holds. Once it holds, this line will shift from resistance to support, forming a top-bottom conversion position to initiate a new round of upward movement. The 4-hour view shows that the overall market is still maintaining an upward trend above the 4-hour MA5 moving average. As long as MA5 is not lost, it will maintain a one-sided upward market. It is recommended to look for bullish opportunities on pullbacks.
From the daily chart of Ethereum, the trend is basically consistent with yesterday's afternoon analysis. The current price has approached the daily MA120 moving average (2715), and this price will continue to be adjusted downwards. The first round of touching this level is still suitable for short-term pullback short positions. For intraday operations, first look for a pullback to go long, targeting above 2700.
Afternoon operational thoughts:
BTC: Light long positions in the 7.16-7.2 range, targeting above 7.3; short positions can be considered in the 7.35-7.4 range with small stop losses for short-term shorts.
ETH: Light long positions in the 2635-2605 range, targeting in the 2700-20 range; light shorts above 2710 looking for a 50-point pullback.
Note: Currently, the short-term market is still a one-sided upward trend. Do not hesitate to participate in long positions just because the current price seems high. A historical high will definitely be broken in the near future. No matter what level of K-line chart, the bullish sentiment is strong. Try not to operate against the trend; it is still possible to follow short positions once a real pullback trend emerges.
The daily analysis strategy has an extremely high win rate! The analysis is not easy, and I hope everyone can give a free follow, bookmark, like, and comment. For real-time market strategy exchanges and inquiries about market issues, you can follow my personal account homepage $BTC $ETH $SOL
Trader Chen Shu: 10.30 Afternoon Bitcoin and Ethereum Market Strategy No. 1, yesterday's long position strategy was correct, continue to go long on the intraday pullback.
On October 29, I published an article providing long position ideas, suggesting 7.07/2605 for long positions, both close to our entry points. The long position strategy correctly saw a high point above 7.2. The midnight article analysis again suggested 7.2/2630 for long positions, with a midnight analysis suggesting a short at 7.35, which dipped to a low of 7.19, with the short position yielding over 1500 points in profit. Congratulations to those who followed the strategy. Currently, the price has surged and pulled back to consolidate at a high level. Please see the following analysis for operational guidance.
From the daily chart of Bitcoin, yesterday it broke through the 7.2 neckline emphasized in the article and approached a historical high. The current price has pulled back to the 7.2 neckline and is rebounding upwards again. For daily support, first pay attention to whether the 7.2 neckline holds. Once it holds, this line will shift from resistance to support, forming a top-bottom conversion position to initiate a new round of upward movement. The 4-hour view shows that the overall market is still maintaining an upward trend above the 4-hour MA5 moving average. As long as MA5 is not lost, it will maintain a one-sided upward market. It is recommended to look for bullish opportunities on pullbacks.
From the daily chart of Ethereum, the trend is basically consistent with yesterday's afternoon analysis. The current price has approached the daily MA120 moving average (2715), and this price will continue to be adjusted downwards. The first round of touching this level is still suitable for short-term pullback short positions. For intraday operations, first look for a pullback to go long, targeting above 2700.
Afternoon operational thoughts:
BTC: Light long positions in the 7.16-7.2 range, targeting above 7.3; short positions can be considered in the 7.35-7.4 range with small stop losses for short-term shorts.
ETH: Light long positions in the 2635-2605 range, targeting in the 2700-20 range; light shorts above 2710 looking for a 50-point pullback.
Note: Currently, the short-term market is still a one-sided upward trend. Do not hesitate to participate in long positions just because the current price seems high. A historical high will definitely be broken in the near future. No matter what level of K-line chart, the bullish sentiment is strong. Try not to operate against the trend; it is still possible to follow short positions once a real pullback trend emerges.
The daily analysis strategy has an extremely high win rate! The analysis is not easy, and I hope everyone can give a free follow, bookmark, like, and comment. For real-time market strategy exchanges and inquiries about market issues, you can follow my personal account homepage $BTC $ETH $SOL
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Bullish
Trader Chen Shu: Midnight Bitcoin and Ethereum Market Strategy *No. 1, the long position idea is correct and the currency price is about to approach the historical high!
On October 29, a long position idea was published, suggesting to buy at 7.07/2605, both close to our entry point. The long position idea is looking at the 7.2 high point as correct. Congratulations to friends who followed this idea; the current price is maintaining a high-level consolidation around 7.3. Please refer to the analysis below for operation guidance.
Looking at Bitcoin from the daily chart, it has closed two consecutive large bullish candles, completely breaking the 7.2 neckline resistance mentioned in today's afternoon article, and is approaching the previous historical high of 7.37. The possibility of breaking 7.37 is very high. The overall market still needs to focus on buying on dips; the daily chart resistance should first be watched at the historical high of 7.37. In the 4-hour chart, today's price has not given any chance to pull back to the MA10 daily moving average and has shown a one-sided upward trend. In the short term, just pay attention to the gains and losses of the MA5 daily moving average. As long as it does not break below the 4-hour MA5, remain bullish and continue to hold the long position.
Looking at Ethereum from the daily chart, the trend is basically consistent with today's afternoon analysis. The price has now risen to around 2670, about to touch the daily MA120 moving average (2720) high point. If it touches for the first time, consider making a short-term short position for a pullback. In the 4-hour chart, it is also performing strongly; just pay attention to the gains and losses of the 4-hour MA5 daily moving average.
Midnight Operation Idea (Published at: 02:00):
BTC: Light long positions in the 7.23-7.2 range, add to long at 7.15 on a pullback, target above 7.3; consider small stop-loss short positions in the 7.35-7.4 range.
ETH: Light long positions in the 2650-30 range, target 2720-50 range; light short above 2720 looking for a 50-point pullback.
Note: The short-term trend is still quite strong, maintaining a one-sided upward trend in the 4-hour chart. The daily chart should first check the breakout situation at the 7.2 resistance level. If there is a pullback, feel free to buy bullishly. For short positions, pay attention to whether there is a short-term pullback trend in the 1/4 hour.
Daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, favorite, like, and comment.
For real-time market strategy exchanges and inquiries about market issues, you can follow my personal account homepage, the original (Coin World) ranked No. 1 personal KOL main account, providing free guidance and answering trading questions. Welcome to communicate and exchange! $BTC