Analyst Chen Shu: 11.29 Bitcoin and Ethereum strategy profited yesterday, focus on the pullback support at 90,000 after a high and low.
The analysis article yesterday provided a long strategy for Bitcoin, which successfully entered the market after a pullback to 9.08, rebounding to a high of 9.3. Ethereum, with a high rebound to over 3100 from over 3000, accurately predicted profits by entering at the lowest point of the long strategy, gaining 2000/100 points. Congratulations to the friends who followed the operation.
From the daily chart of Bitcoin, yesterday's candlestick formed a green K-line with an upper shadow and a hanging body. After the price reached the resistance level of 9.3, it began to pull back down. For short-term support, pay attention to the MA5 daily moving average at the integer level of 90,000. On the 4-hour level, focus on the MA120 daily moving average, looking for the breakout and stabilization situation at around 9.35. It is expected to oscillate around the 90,000-9.3 range, so first focus on the breakout direction of this interval.
From the daily chart of Ethereum, there have been three consecutive trading days forming a narrowing doji pattern. The overall price is still suppressed by the MA256 daily moving average at around 3150. Before it can effectively break and stabilize above 3150, it can continue to be viewed as range oscillation, and the support level for pullbacks should focus on the integer level of 3000.
Afternoon operation thoughts (writing time: 12:00):
BTC: The fluctuation on Saturday was not large, treat it with a range of 89,500-91,000 for high selling and low buying; the trend strategy will be given in tomorrow's article.
ETH: Treat it with a range of 2970-3050 for high selling and low buying.
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 feel free to leave messages below for discussion; I will reply one by one $BTC
