11.18 Bitcoin sees correction strength at the beginning of the week, Ethereum is shorted slightly
#市场回调，观望还是上车？ #英伟达财报即将公布 #交易所BTC储备量创2018年以来新低
From the four-hour chart, the market experienced repeated highs and falls yesterday, but the highs in the late trading period were still controlled within the range. At present, the suppression at the upper rail is still obvious. Today, the market will continue to pay attention to the high point of 92,000. If it cannot be strong, it will become an opportunity to continue to be low and long. In the face of large fluctuations in the market, trading targets need to be flexibly responded to in combination with market patterns. The idea of short-term trading in the morning should be based on shocks, and high-altitude and low-multiple operations should be carried out around the trading range to avoid the risks brought by repeated saws.
Bitcoin operation suggestions:
For long positions, it is recommended to go long in the 89,600-90,000 area, with a target of 92,500.
For short positions, it is recommended to go short in the 92,300-92,700 area, with a target of 90,000.
From the four-hour chart, Ethereum has a rapid retracement after inertial exploration, which is a typical wash-out technique. The market seems strong but difficult to sustain, and seems weak but has recovered. In the process of repeated sawing and washing, no strong unilateral trend has been formed. Although the market is still in the stage of upward rebound, the daily line has not gone out of the unilateral trend. Short-term trading has aggravated the market volatility. With the continuous closing of the daily and four-hour charts, the K-line pattern tends to fall back first, and the possibility of retesting the low point of the second wave of rise cannot be ruled out. Early traders need to pay attention to the low point of this week. If it breaks directly, it may trigger the continuation of the short-term weak fall. In the market environment where long and short positions switch back and forth, traders need to respond flexibly in combination with market patterns. At the same time, in the market of sawing and oscillating, the choice of point is more critical than the choice of direction.
Ethereum operation suggestions:
Ether long 3030-3050, target 3160-3200
Short point around 3180-3220, target 3050.
——The above article is carefully written by Li Hong Trend. The views of the article only represent the author's personal views and do not constitute specific operation suggestions. The article has a lag, and the operation risks are borne by yourself. For more real-time analysis and trading strategy information, please click on my avatar to obtain it.
