Liangqiu: 11.13 Bitcoin/Ethereum continues to fluctuate widely, what does it intend to achieve?


Bitcoin/Ethereum has been fluctuating between 3380-3580 and 101000-104000 for the past few days. We have been continuously taking advantage of the wide fluctuation to do high selling and low buying, and the overall profits are clear to see. Especially last night, I reminded everyone to lay out long positions at the 3380 and 101000 levels, and the market has been successfully validated with a steady rise. Currently, after a rise, there has been some pullback, but the market is consciously pulling up and increasing. Friends who follow me should have some understanding of this. Everything has been laid out in advance. Every successful wave is not a coincidence, but the result of analysis.
From the perspective of technical structure on the four-hour chart, the Bollinger Bands show a diverging upward movement. After a strong bullish K-line surge, a breakout phenomenon has formed in the short-term bullish trend, directly breaking the previous oscillating trend. Although the coin price appears to be in a corrective oscillation pattern after a strong surge, there hasn't been much pullback along the way. The bullish trend remains relatively strong, and the K-line pattern shows an oscillating upward trend. The upper short-term resistance levels are at 3580 and 104000, although it is also continuously gathering momentum for a pullback. Therefore, the strategy should be to enter long positions on slight pullbacks.
Evening operation recommendations: Enter long positions for Bitcoin near 102000-102500, with a target around 104500; enter long positions for Ether near 3460-3480, with a target around 3560. If it breaks, it can continue upwards towards 106000 and along the 3630 line.
[The above analysis and strategies are for reference only, and risks should be borne by yourself. The article review and publication do not possess timeliness, and specific details are subject to real-time updates] #CoinDesk11月报告Gate战绩来袭 #广场发币瓜分千U奖池 #XRP现货ETF将上线
ETH-1.04%
BTC-0.14%
XRP-2.09%
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