Recently, it seems that the layout has been focused on Ethereum and various altcoins. Although there has been some analysis of Bitcoin's trend, there hasn't been much participation. However, the results we've achieved in Ethereum and altcoins far exceed those from Bitcoin. As the saying goes, stable operations look at the mainstream, while taking small risks looks at altcoins. The article analysis mentioned a short position around 3530, with a target near 3400, which was perfectly realized. We entered the market at 3512 and exited at 3398, securing a profit of 114 points and earning 11,000 in oil. Everything is not as difficult as imagined; if you don't get in the game, how can you determine that the winner isn't you.

On November 12th, the article provided yesterday completely played out, with subsequent market analysis and trading suggestions.

Hello everyone, I am your old friend Chen Dong! Yesterday, the US stock market saw increased activity before the market opened, but it faced a one-sided decline in the early hours, with Ethereum pressured from 3500 down to 3404 (a drop of over 90 points in a single day), and Bitcoin fell from 104600 to 102500 (a cumulative drop of nearly 2100 points). The short positions for Bitcoin, Ethereum, and SOL that were set up in advance were executed precisely, yielding significant profits for real investors. In the early session, the market consolidated with fluctuations, and the tug-of-war between bulls and bears was calm with no clear opportunities, leading to no new operations; in the afternoon, buying power surged, and the market showed a V-shaped reversal, with Ethereum rebounding from 3420 to 3570 (a rise of nearly 150 points in a single day), and Bitcoin climbing from 103000 to 105300 (a cumulative rebound of nearly 2300 points).

From a technical perspective, Bitcoin's daily chart is still in a downward channel. Although it quickly stabilized after briefly breaking the MA7 the previous day, the bearish arrangement remains unchanged, and moving averages still apply pressure. Confirmation of stabilization is needed with a daily close, and it's best to remain cautiously observant until a reversal signal appears; the 4-hour chart shows intense battles between bulls and bears. After testing the lower boundary of the channel and resonating with a long-term downward trend line for support, the price stabilized temporarily, without breaking the mid-term upward structure. Key resistance above is at 105500 (mid-channel) and 108500 (upper channel), while below, there is a risk of failure at the 102500 support. The MACD shows a death cross, and the RSI is turning down, indicating a short-term need for a minor pullback.

Ethereum's daily KDJ and MACD are resonating upward, with short-term momentum recovering, but the BOLL band is moving downward, and the moving averages are in a bearish arrangement. The medium to long-term weakness remains unchanged, and the short-term rebound is a technical repair. Attention must be paid to key moving average breakthroughs and volume coordination; the 4-hour KDJ shows a death cross and downward turn, the MACD's red bars are shrinking, and the BOLL band is pressing down. The price fell below the midline and continued downward, with MA5 and MA30 forming a resonant pressure. Bearish sentiment dominates, and the trading suggestion is primarily to short on rebounds, waiting for pressure zones to show signs of resistance before positioning.

Short-term trading suggestions:

Bitcoin: Short near 104800-105500, target: 102800-102300.

Ethereum: Short near 3530-3560, target: 3440-3400.

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