11.22 Bitcoin has risen for 8 consecutive days, continue to go long in the evening
#比特币突破10万？ #ETH市场新动向 #聚焦比特币 #非BTC板块市场走势
In this week's four trading days, there have been consecutive gains, which basically proves that the probability of a weekly closing gain has become a foregone conclusion, indicating that this week's turning point window has successfully formed an effective change. Looking back, after the high point of 93200, Bitcoin underwent a correction period, and now various signs indicate that this correction phase has ended.
From the short-term market performance, yesterday's market closed at a high, and this phenomenon is not accidental, but a consistent closing pattern since the beginning of this week. The market price can close at a high after a rise and does not show a pullback during the sideways fluctuation process, which is a typical characteristic of a very strong pattern. In this case, from the perspective of short-term operations, it is not advisable to overly expect a significant price pullback; instead, a more aggressive strategy can be adopted to follow the bullish trend and seize trading opportunities during Bitcoin's strong upward movement.
Based on the above conclusions, we can clearly see that Bitcoin is still in a strong rebound upward trend. In this trading day, its strong performance and the possibility of continuing to strengthen are quite high. On the short-term front, after the previous trading day's high close, the market price has basically not shown any pullback action; currently, there is no need to expect a significant pullback, and in the evening, directly go long aggressively around the daily line of 98000—97500, target: 100000. For Ethereum, it is recommended to enter long positions near 3260——3230, target: 3350. As for shorting, one should at least wait until the coin price touches the upward channel before considering observation!
——The above article is meticulously written by Li Hong, and the views expressed in the article only represent the author's personal opinion and do not constitute specific operational advice. The article has a lagging nature; thus, operational risks are borne by the reader. For more real-time analysis and trading strategy information, please click on my avatar to obtain.
