11.12 Bitcoin and Ethereum Strategy Analysis
Currently, Bitcoin is oscillating in the middle-lower band of the Bollinger Bands. Previously, the bulls surged to 107473 before retreating, and the bears have tested the support level around 103000 multiple times (current price 103184.80). The selling pressure has not effectively broken through this range, indicating that the short-term support is relatively solid.
From the perspective of trend structure: Although there has been a pullback in the previous upward rhythm, the middle band of the Bollinger Bands (103877.5) is still in a bullish structure. The short-term market sentiment leans towards oscillation and bullishness, allowing for a continuation of the low-long layout strategy, relying on key bottom support to enter in batches.
Operational Suggestions
Bitcoin: It is recommended to go long in the range of 102300-103000, with an initial target of 104000-105700$BTC
Ethereum: It is recommended to go long in the range of 3400-3420, with an initial target of 3530-3600$ETH
