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November 12 Bitcoin and Ethereum operation suggestions and direction sharing
Hello everyone: The crowded paths are easy to walk, while the difficult paths are empty! Perhaps you are still in confusion, without direction or ideas. Old Zhao is here; as long as you make the right choice, you will definitely gain something. Looking back on the road from the past, you will laugh about the hardships faced back then. Success has no shortcuts; your firm and resolute choices will eventually illuminate the road ahead. From noon to afternoon, the market conditions remained relatively unchanged. By evening, the short-term bullish momentum led to a regrettable exit for some midday positions. The short-term investment trend is strong, and we are also entering the market with a bullish position. Exiting near 104900 for Bitcoin and around 3485 for Ethereum, recovering previous losses. Stay flexible; if the market conditions are not right, withdraw immediately.
From the perspective of the market, the 4-hour chart shows that there is currently a bullish candle dominating the situation, and although it briefly touched the resistance line of 105000, it did not break through and has since retraced. It is currently hovering around the resistance level of 104600, showing a converging Bollinger Bands pattern. The short-term frequency of price reversals may decrease. On the 1-hour chart, Bitcoin is experiencing a staircase-like upward movement with three consecutive bullish candles, currently operating above the upper band of the Bollinger Bands, with relatively small real bodies and prominent upper shadows. The Bollinger Bands are showing an expanding pattern with a horizontal development trend, and it may enter a narrow range correction in the short term. Therefore, this evening, we should focus on the key resistance level of 10500. If the market breaks above and stabilizes, we can follow the trend directly. However, if it continues to operate below this resistance point, it is highly likely to extend the downward trend from the early morning. Be sure to set strict stop-loss orders.
In the evening, the Bitcoin is around 104500 to 105000, pay attention to 103000.
The second pancake can be traded around 3500 to 3530, pay attention to 3420#BTC #ETH .