$BTC $ETH Midday Analysis, released at 12:30 PM on 11.11

Yesterday, I shorted ETH around 2130 and repeatedly shorted gold from 4073 to 4058. Most of my followers secured profits on half their positions. It was an easy-money market, to say the least. Here with Rui Ge, we review every take-profit and stop-loss. Learn to respect the market, and you’ll become stronger through analysis and review with me. If you like the streamer, give me a follow and watch for a while to see whether I’m worth subscribing to. Thanks for your support!

First, BTC’s daily candle closed around 73180 this morning. The daily chart has been grinding for a month and a half, and the market still hasn’t signaled a bottom. Next, focus on support around 70800 on the daily chart. The 4-hour cycle hasn’t finished falling yet, and price action has been sluggish. Over the next 1-2 days, the key 4-hour trading zones to watch are 74790-77618 above and 71820-68880 below. Today, pay close attention to resistance around 74500 for BTC. Holding above this level would drive the 4-hour chart upward. For today’s trades, consider shorting around 74450, with a stop at 75043.

Next, ETH’s daily candle closed around 2022 this morning, in line with BTC’s move. This level on the daily chart is still quite firm; price hasn’t broken straight through the 2000 mark. ETH’s daily support is around 1968. Next, focus on 2100 above; if price holds above this level, watch for the 4-hour chart to drive the daily trend bullish. Over the next 1-2 days, watch resistance at 2116-2203 and support at 2021-1937. For today’s trades, consider shorting around 2100, with a stop at 2120.

A key note on gold: the daily candle closed at 4032, which can be said to have crushed the bulls’ last remaining hope. Combined with the bearish impact of future rate hikes, as long as the daily chart doesn’t reclaim 4150, it will likely retest the previous low. If the weekly candle turns bearish this week and closes below 3890, then 3350 won’t be far away. Today, watch whether price can hold above 4060; if not, consider following the trend and shorting around this level. The trade suggestion is to short around 4050, with a stop at 4062. Good luck, everyone.

Note: The suggested position size is 1%. This article is time-sensitive; real-time guidance is provided in the livestream. These are personal views for reference only. Compound returns with small positions. Good luck, everyone!#Gate全球合规版图扩展 #美国10月CPI全面超预期 #美伊谈判出现新进展