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Bearish

$BTC $ETH Midday Analysis, posted Nov. 13 at 11:44 PM



Those who shorted gold at 3970 yesterday afternoon and at 3898 in the livestream likely made a solid profit. For ETH, be patient with last night's pending order while you sleep; it may take up to an hour to fill. It looks like it's about to bring us on board. Here at Rui Ge's, all take-profit and stop-loss trades will be reviewed. Learn to respect the market. Reviewing and learning from trades here will make you stronger. If you like the streamer, follow and watch for a while to see if it's worth subscribing. Thank you all for your support!

First, BTC's daily candle closed around 71684 this morning. If the daily chart doesn't print a wick, this downtrend may not be over. The daily support below is around 67200. For the next 1–2 days, the four-hour trading zones to watch are 71820–74790 above and 68888–66286 below. Today's key level for BTC is whether 68800 below can provide effective support for a rebound. Suggested intraday trade: go long around 66800–67320, with a 500-point stop.

Next, ETH's daily candle closed around 2007 this morning. A reminder: this ETH downtrend is likely to end earlier than BTC's. Keep a close eye on daily support at 1884. I'll alert you when the weekly spot-entry level is reached. For the next 1–2 days, watch resistance at 2021–2116 and support at 1917–1832. Suggested intraday trade: go long around 1894, with a 1x stop.

A key note on gold: the daily candle closed at 3869, and last night it broke straight through around 3870. Judging by the current daily-chart action, this move is only just beginning. I firmly expect this decline to reach around 3768; it could even drag the daily chart down to 3525. Any subsequent hourly-chart rebound will be the best opportunity to short. Unless the daily chart can hold above 4010, a reversal is not possible. Hourly resistance is currently around 3945. Suggested trade: go short around 3948–3955, with a stop at 3967.5. Good luck, everyone.

Note: The suggested position size is 1%. This article is time-sensitive; follow the livestream for real-time guidance. These are personal opinions for reference only. Compound small positions over time. Good luck, everyone!#美国初请失业金人数高于预期 #Gate直通IPO第三期Anthropic #走势预测
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BTCBTC-0.65%
ETHETH-1.23%


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Comment 2
Darwin b
Can BTC hold up this time? 🤔
This is translate content: Capture a fortuneAuthor
Would you dare to take a position here?