Afternoon Market Analysis: Released at 13:08 on November 11

Yesterday, Bitcoin (Northbound Big Coin) reached 104800 again, experiencing a small retracement. Solana (SOL) also gained good profits. Those who carefully followed Brother Rui’s trend analysis should have experienced a double kill of bulls and bears. Bitcoin moved relatively slowly last night and only surged this morning. Brother Rui’s suggested range of 107059-107730 for a pullback was confirmed. Congratulations to the followers who kept up. I recommend everyone learn Brother Rui’s trading philosophy during live broadcasts. I will periodically prepare and share educational courses as福利课程. If you like the host, please follow and observe whether it’s worth subscribing. Thank you for your support!

First, looking at Bitcoin’s daily chart, it closed at around 105960 this morning, and the daily trend has been running for four or five days. It is expected that this upward move will last another 3-4 days. For those who have positioned around 100000, consider taking profits or reducing positions near 110000 to protect capital. The key resistance above on the daily chart is at 108100, and support below is at 104000. This week has been full of good news, so do not blindly trade based on feelings. On the 4-hour chart, focus on the resistance zone of 107862-110679 and support at 104728-101956. The morning saw a high surge, but the afternoon trend was weaker. Intraday, mainly consider shorting on rallies. Operation suggestions are to short around 106494-106852 with 1x leverage.

Secondly, Ethereum (Second Big Coin) closed at around 3566, showing relatively weaker momentum compared to Bitcoin. The key resistance above is at 3750, and support below is at 3420. On the hourly chart, a second bottom is expected to be completed today. Yesterday, I mentioned that the decline would bring prices down to around 3500, so watch whether 3500 is broken. If broken, the next support is at 3320. In the next 1-2 days, focus on resistance at 3680-3878 and support at 3496-3323. The trading strategy is similar to Bitcoin: mainly shorting with a focus on 3620-3640 for a downward move, using 1x leverage for defense. Good luck to everyone!