On Saturday, November 16, the bullish rhythm of Bitcoin remained the same, and the idea of low-multiple callbacks remained unchanged.
#市场回调，观望还是上车？ #BTC冲破9万 #XRP短线上扬
In the early morning of today, Bitcoin once again ushered in a strong wave of pull-ups, reaching the 91920 area at one point. However, suppressed by the upper track of the small cycle, it then stepped back slightly. However, from the overall point of view, the strength of this step-back is not strong. In terms of the current rhythm, in the four-hour level, the price of the currency has continued to rise with positive lines. Although it is accompanied by a small step-back in the short term, the overall bullish trend has not changed significantly. At this stage, the overall operation channel has shown a slight sign of opening upward, and the moving average in the attached indicator has also shown an obvious upward diffusion state. The further reduction of the short-term volume directly slowed down the current price of the currency. Although there is a certain need for a retracement in the short term, the overall structural trend is still a clear bullish trend. The K-line pattern fluctuates at a high level, and a long upper shadow line appeared on the 13th, indicating that there is a large selling pressure from above. However, yesterday and today's K-lines showed signs of rebound, although the overall level is still below the previous high. In terms of technical indicators MACD, the current DIF and DEA are both negative, but the MACD histogram is gradually shortening, indicating that the momentum of the shorts is weakening. Here, I would like to remind everyone that there is a high probability that the market will form a golden cross, and the possibility of Bitcoin hitting a new historical high again cannot be ruled out.
Bitcoin operation suggestions:
Long point 89600-90300, target 93000
Short point 92500-93000, target 89000
Yesterday, Ethereum basically showed a bottom oscillation pattern. After a quick drop of 3010 in the evening, it stopped falling and rebounded in the early morning, which was also the long order entry point we gave yesterday. It is still oscillating around 3080. Of course, we noticed that the varieties led by Ethereum have all gone out of the daily level callback, or have gone out of the special oscillation structure. After a brief adjustment in the morning, they continue to adopt a low-long layout.
Ethereum operation suggestions are as follows:
Long point is set at around 3000-3030, with a target of 3170.
Short point is set at around 3120-3150, with a target of 3000.
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