11.14 Bitcoin price trend analysis and trading strategy suggestions for today
#BTC冲破9万 #美国CPI公布后降息预期上升 #美国10月CPI数据即将公布 $BTC
Yesterday, the closing of the cross-yin K-line brought a certain correction signal to the market. Today, with the early retreat of the market, the currency price sought support at the lowest level and encountered resistance in the downward process as expected by the market. From the 4-hour line structure, the currency price fluctuated and fell after the surge, but there is still potential to continue to surge. In the absence of an effective change in the overall trend, each retracement can be regarded as a correction action in the upward process. In the short term, the price of Bitcoin continues to rise, so we should not easily assert that the market has peaked. When participating in the market, we should continue to maintain a bullish mindset. Today's mindset recommends entering the long position of Bitcoin around 88,500 to 89,000, with a target of 91,300.
As for Ethereum, last night, the price once surged to 3335, but then stopped and began to fall back. During the day, Ethereum retreated to a low of 3120. From the 4-hour line, Ethereum has once again entered a box consolidation stage where both the rise and fall are weak. Although the short-term trend is slightly bearish, the medium- and long-term support still exists. The sharp decline in trading volume has begun to slow down, but there has been panic selling at the market, which has made the market sentiment slightly panic and the wait-and-see atmosphere is strong. It is expected that Ethereum may experience a short rebound in the morning, but then it will fall again. In the afternoon, the first wave of retracement is expected to end and the market will rebound. Of course, when trading altcoins, we cannot ignore the trend of Bitcoin. For short-term operations, you can continue to look down to the previous low of the target and take profits after reaching the target. After the market stops falling and stabilizes, consider long strategies. Today's idea is to buy more Ethereum around 3120 to 3150. Target 3260
The article is carefully written by Li Hong Trend. The views in the article only represent the author's personal views and do not constitute specific operational suggestions. Investors are requested to make careful judgments based on their own circumstances. The article has a lag, and the risks of operating based on it are at your own risk. For more real-time analysis and trading strategy information, please click on my avatar to obtain it.
