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12.12 Bitcoin Market Analysis and Trading Strategy Reference:

Bitcoin daily closes with a large bullish candle, with the closing price directly penetrating the entire daily Bollinger Band range, finishing the close from near the lower band to near the upper band. As the bullish sentiment stabilizes with the favorable CPI data in the evening, it has already completed a short-term breakout, re-establishing itself above the pressure level.

Looking at the short term, just before the evening close, the four-hour chart has re-established itself above the 100,000 mark to complete the close. The short-term pullback has basically ended, and today, or in the near future, it is highly likely that this wave of bullish sentiment will continue to rise, testing the top pressure. However, the short-term upward movement is significant, so when trading in the evening, be cautious of a pullback and rebound.

In summary: Looking to go long during the day, primarily focusing on buying on pullbacks, with attention to the support level below at 98,800. If it holds, consider entering long. For the top positions, pay attention to resistance at 101,500 and 103,000, and consider using small stops to enter short. [Special reminder: Do not chase long positions at high levels; be cautious of pullback spikes.]

12.12 Ethereum Market Analysis and Trading Strategy Reference:

Ethereum closed with a large bullish candle, and the closing price broke through the middle band of the daily Bollinger Bands, but the pressure from the death cross formed by the daily moving averages has suppressed the market, preventing a second breakout in the short term. Currently, the short-term top pressure still exists around 3850, and before the market completely breaks through and stabilizes, there is still a possibility of further pullbacks, which needs to be noted.

Looking at the short term, the bullish trend on the four-hour chart is still relatively strong, and there shouldn't be much issue in continuing to look bullish in the future. However, in the short term, it is similarly constrained by the upper trend pressure at 3850, and a pullback is expected in the near term, with a higher likelihood of falling first before rising.

In summary: The intraday market is biased towards bullishness, but short-term pressure is heavy. If going long, one can consider buying on the intraday pullback around 3710-3690 with a small stop loss. Pay attention to the pressure level at 3850; if it does not break, it will not stand. If broken, the bullish trend could continue to around 3930-4030.

12.11 Ethereum market analysis and operation strategy reference:

From the daily line, Ethereum closed with a big negative line, and the closing price was below the middle track of the Boll band at the daily level, falling below the middle track. The bearish sentiment during the day was strong, but while the market was falling, the basic panel, that is, the moving average, did not keep up with the market, so from the daily line, there was a relatively large room for recovery during the day. While the overall bearish outlook was expected, there might be a rebound before a fall during the day.

Looking at the short-term, the four-hour chart level closed with a bald negative column, which is not a more obvious bottoming signal, so there was no trend reversal in the short term. It is more likely that the bearish market will continue to fall during the early morning. Before the pin-shaped K-line pattern appears at the bottom, be cautious in going long.

To sum up: You can continue to be bearish in the short term, and the overall intraday outlook is also bearish. In terms of operation, it is recommended that you mainly rebound to short, and pay attention to the top pressure of 3750-3830. If the pressure range is not broken, you can continue to be bearish. As for the bottom, you can also consider long positions near 3460 and 3250.

12.11 Bitcoin Market Analysis and Trading Strategy Reference:

Just now, Bitcoin completed its daily closing, and in the hour before the close, the market experienced a new round of decline, closing the day around 95800. On the daily chart, from early November around 67000, it rose all the way to the recent high of 104585 after more than a month of upward trend. Just at the recently closed K-line, it is the first time during this round of upward movement that it has broken below the trend support at the middle band of the Bollinger Bands on the daily level, which can also be seen as a short-term end signal for this upward trend. In my personal view, this pullback may have just begun, especially since after breaking through the new high of 73000, the market has risen by more than 30,000 points, and this retracement ratio is still minimal.

Looking at the short term, after failing to stabilize at the resistance level during the evening rebound on the four-hour chart, the market continued to decline, with the closing price near the lower band of the entire Bollinger Bands. The decline of the large bearish candle announced a worsening bearish sentiment, while also releasing some bearish volume in the market to a certain extent. Therefore, if there is no further sharp decline in the short term, the space for further decline at this point will not be very large. Simply put, it has dropped too much, and it won't move down much in the short term; at most, there will be 1-2 more waves before a warming up and market correction.

In summary: The short-term trend is still bearish, but the bottom space may be limited. Currently, the visible support levels below are at 93000 and 90000. Touching these levels will likely lead to a rebound. Overall, trading during the day can involve placing small stop-loss long positions near the support, but it is generally recommended to focus on short positions, with the upper resistance to watch at 97500-98500.

Analysis and Strategy Reference:

The weekly chart has just completed its close, with a large bullish candle featuring a long lower shadow. After touching around 4099 at the top, it began to stagnate and retreat. The overall closing position is located in the overbought area of the weekly Bollinger Bands. Although the bullish trend is strong, for the bulls to continue rising, a pullback is also necessary.

Additionally, the high-pressure spike at the end of the year coincides with the high point at the beginning of the year near 4099, forming a double top resistance at the same position. The likelihood of effectively breaking through the upper limit within the week is reduced; even if there is a breakout, it is likely to be followed by a retreat after the spike. [There is a small probability of an upward spike to 4200-4300 followed by a retreat]

Looking at the daily chart, after the small bullish candle with a long lower shadow two days ago, yesterday's close was again a small bearish doji. Overall, the trend is gradually weakening from the intraday perspective. Although there is a short-term recovery on the four-hour chart, with support above 3950, the overall performance is not as strong as expected, so I see the potential for continued topping and a retreat during the day.

In summary: Short-term bias is bullish, but intraday bias is weak. It is recommended to primarily focus on short positions. Reference resistance: 4020, 4070-4090

Analysis and Strategy Reference:

The weekly level closed with a high position doji candlestick, with many pin bar situations throughout the week, and a considerable amount of buying and selling energy consumed. The likelihood of a breakout in both directions during the week is low; it is more probable that it will undergo a high position range consolidation, adjusting within a large range from 104000 to 91000.

Looking at the daily chart, it closed with a small doji candlestick and a bullish candle. The Bollinger Bands at the daily level are starting to narrow, indicating a heavier consolidation sentiment, with no clear signals for significant upward or downward movements in the short term.

In summary: In the short term, it still leans towards high position range consolidation, focusing on the intraday range operations primarily within 101500-97500, suggesting a strategy of selling high and buying low. During the week, attention can be paid to the large range of 104000-91000.

Looking again at the future trends of Ethereum.

First, let’s look at the monthly chart from large to small.
The monthly chart shows a large bullish candle. From the monthly perspective, after the bottom completed a continuous retest to confirm support, the market broke through. From the bottom around 2300 to the current 3700, it has taken a full 4 months. The closing of the monthly candle has shown a large bullish candle, and the overall closing price has an upward trend, indicating a bullish market without a doubt. However, one thing to note is that precisely because the price has risen too high, it has completely detached from the fundamental panel. The gap between the moving averages at various levels on the monthly chart is too large, and the market needs to correct.

Therefore, it is speculated that this month, namely December, will have significant fluctuations in both upward and downward positions. Simply put, there will be back-and-forth pinning of positions. It is basically unlikely to see a stable market after a second significant rise; it is more likely that there will be a drop after rising or a spike after dropping.

Looking at the weekly chart, it shows a bullish candle with no upper shadow, which is not a top signal, so there is a high probability of at least one more high point being challenged within the week. The key resistance levels to watch are 3900 and 4100, and I am optimistic about a pullback after the spike.

As for the daily chart, there isn’t much to pay attention to. The daily closes have been relatively weak over the past few days, and there isn’t a clear trend indicating a top during the upward oscillation.

In summary: Ethereum overall is also leaning bullish, but be cautious of potential pinning scenarios within the week or month. It leans towards going up first and then down. Key resistance levels to watch are 3900 and 4100. Key support levels to watch are 3350-3450 and 3100.

Tonight we will complete the daily close, weekly close, and in conjunction with yesterday's monthly close, let's take an overall look at how the market will move in the future.

First, looking at the monthly chart, we see a large bullish candlestick at a high level, indicating an overall bullish trend. Currently, there are no signals of a peak, so last month's 99618 is likely not the highest point. This month, there is a possibility of reaching new highs, even above 100,000, which is also quite feasible. However, one thing to note is that while the large candlestick is rising, the bottom moving average indicators have not kept up with the market fluctuations, so there is a lot of space at the bottom, and we should be cautious of potential downward spikes within the month.

Next, looking at the weekly chart, we see a bullish doji candlestick at the top position. After retracing near 91000 during the week, the market continues to rise and warm up. The overall market's completion of a retracement followed by warming up is a strong bullish performance, so this week leans towards continued bullishness. We will watch the 92000 support at the bottom; as long as it does not break below 92000, the bullish trend remains.

Looking at the daily chart, we see a small doji candlestick near the middle Bollinger band, indicating that the overall market is leaning towards a slight upward fluctuation. The support to watch during the day is 95000.

In summary: The overall market for Bitcoin leans bullish, and we continue to expect Bitcoin to challenge new highs. As long as we do not fall below 95000 during the week, we can continue to go long. If we first break below 95000, then we will see a retracement to support before moving up again. If there is no retracement and we rise, then from a technical indicator perspective, it is likely that after challenging 100,000, there will be a sharp spike before a pullback. Therefore, this week requires more cautious operations, using the 95000 support at the bottom and the 100,000 level above as standards. If it breaks, we can try to short or go long, expecting a movement of 2000-3000 points.

Ethereum Analysis and Reference Strategy:

After the big bullish rise two days ago, yesterday a solid bearish candle directly pierced the market, closing from 3547 to 3300. A bearish engulfing signal appeared near the upper Bollinger Band on the daily chart, indicating that the overall short-term trend has undoubtedly shifted from a bullish trend to a bearish trend. It is expected that today will continue to decline, with intraday resistance at 3380 and 3460 suppressing the market rebound.

Looking at the short-term, the four-hour chart shows an M-top trend at high levels, with support at the bottom around 3250. The downward pressure in the short term still exists. Following the appearance of the M-top, even if there is a rebound afterward, it is highly likely that it will either be a spike or a failed rebound before continuing to decline.

In summary: short-term oversold rebound is expected, and a short-term support is likely to form near 3250 in the evening session. For today, a rise followed by a fall is anticipated, but bullish profits are not advisable. It is recommended to use a small defense to go short near the top resistance levels, which is safer, and there is still considerable space at the upper level's bottom. It is expected that this week or next week may drop to 3050-2850. Therefore, the suggestion is to focus on high positions today, reference points: 3380, 3460.

Without any attempts and changes, how can you change your current situation?

【11.15 Bitcoin-Ethereum Analysis】

From the current market, after 8 o'clock, the four-hour chart closed, and a big positive line rose strongly from the bottom of 87500 to the current price of 89500, forming a short-term breakthrough signal. The K line stood firm near the middle track of the Boll band of the entire four-hour chart, and the moving average turned and continued to move upward. It is expected that the market will continue to rise from 8 to 12 o'clock in the evening, and test the top pressure again. Therefore, for late trading operations, it is recommended to take more when the big cake falls back, and defend two pressure points. Once it breaks through, it can continue to look at the previous high.

The second one is still the same idea as yesterday. Although the short-term has been rising at this stage, the overall performance has actually weakened further. Why do you say that? Because the overall market has warmed up today, the big cake has warmed up more than today's decline, and the second one is still hovering below the trend pressure, so there is not such a strong breakthrough force in the short term.

In addition, although the four-hour chart also closed with a positive line, it did not break through the moving average pressure and was still suppressed by the upper pressure level. The Boll bands of the hourly chart and the four-hour chart are shrinking synchronously, and the possibility of breaking through the upper and lower positions is not very high. Therefore, it is still difficult to break through like the boss in the late trading stage.

[11.15 Late Trading Operation Strategy Reference]

Pie: Long near 89000, defense 88400, target 90300-91800 to sell in batches

92000-92600 to short, average price defense 500 points, look down to 90500-89000 to sell in batches.

Ether: 3155-3185 to short, defense 3225, target 3085-3015 to sell in batches

3015-2995 to long, defense 2965, target 3065-3105

Everyone shouldn't be too optimistic about the bulls. Although there have been multiple rebounds from the bottom in the short term, and the strength and speed of the rebounds are quite fast.

However, from a broader perspective, looking at the overall Bitcoin and Ethereum daily charts, the daily candlestick closes have basically formed candlesticks with long shadows. Such candlesticks, especially at the top, are actually quite common signals of a market top, indicating that a market top signal has already appeared in the short term. Even if the bottom rebounds strongly and significantly, it's likely just an illusion.

Of course, there is room for rebounds at the top, as it has risen for so long. It is not easy for the market to fall suddenly. Therefore, in the short term, for spot trading, people can consider bottom-fishing for a few stronger coins, similar to SOL and BNB outside of mainstream coins, as these two have performed relatively well. Additionally, in terms of contracts, I prefer to continue shorting near the top, because after reaching the peak, even if it rises, it is very difficult to break new highs within 1-2 days.

Top pressure shorting reference: 89500, 87800
Bottom support reference: 85000, 82000

Everyone should know that there can't be a permanent bull market or a permanent bear market. No matter how hot the market is, it will cool down. So how to judge when the market starts to cool down.

In my opinion, if this wave of historic rise is to end, it will inevitably be accompanied by a pin that ordinary people can't imagine. You just need to look at the market. When there is a rapid rise, you should pay attention to the market that is likely to insert a pin upwards, which will form a real peak, and even the top of the next 1-2 years.

To exaggerate, for example. Tonight, it slowly rises, and suddenly you get a K-line. In one minute or a few minutes, the big cake directly rises to 87,500 or even 90,000, and then falls to the current price, or even lower, then basically this is the peak signal. In addition, I don't think it will peak.

【11.4 Bitcoin Market Analysis】

Yesterday, BTC closed with a solid bearish candle, with the closing price located below the middle band of the daily Bollinger Bands, breaking below the middle band. The daily top MA5-10 day moving averages formed a death cross around 69300, indicating a bearish bias for the day. This is also a short-term pressure point at this stage. Pay attention to this point; if the daily closing price at 12 AM is below this level, then a decline is expected tomorrow. Conversely, if it closes above, this short-term pullback may have ended, leading to a bullish recovery, potentially reaching 71000-72000 before considering a decline.

Personal speculation: The market this week may first see a small wave of increase, then decline after the election news emerges, and then wait for the interest rate cut confirmation on November 9th to continue rising, breaking historical highs.

【11.4 Bitcoin Trading Strategy Reference】
Long Position: A short-term long position can be entered during the first pullback near 68600, with a small stop-loss looking to exit in batches around 69300-70000.
Short Position: Enter a short position during upward spikes around 70200-70400, with a stop-loss at 70800, looking to exit in batches down to 68500-67000.
Additionally, for those with the means, trend-based trading setups can consider entering spot and contract positions at this month's pullback levels of 65000-63000, aiming for historical highs!

Sometimes, it is really difficult to express the meaning behind many things; it is hard to predict market changes. You may be bullish, but the main forces can drop first and then rise, or rise first and then drop, but the outcome is certain: there is a certain probability of rising or falling. Trying to analyze whether the market will drop first and then rise or rise first and then drop can only lead to being tossed around by the main forces. Moreover, in front of the market, the main forces are just small players; why care too much?

—— I am Coin King Legend【a teacher focused on analysis】 Anyone with questions about operations or trends can communicate and learn with me! Let's share and profit together!

【11.1 Bitcoin Market Analysis】

At this stage, after a sharp drop back to the bottom of 68800, Bitcoin has started to stabilize and hover at a low level during the day. In the short term, there are no significant signs of a bottoming out, and from the daily perspective, there is still some bearish space that can continue. The only thing we need to pay attention to is that during the day, there is a high probability of a slight warming trend, so it is not very appropriate to rush into a short position. It is still recommended to enter a short position near the pressure point of the upper top and bottom conversion. Alternatively, we can wait for the next support at a low point to enter a long position.

【11.1 Bitcoin Trading Strategy Reference】

Short Position: You can enter a short position near 70800, with a stop-loss at 71400. The target is to reduce positions near 69600 and continue to see down to 68400 in batches.
If the price remains sideways below 70000 during the day, then the evening short can be entered early at 70000.
Long Position: During the day, if it retraces to 69100-68900, use a 300-point stop-loss to enter long, targeting to exit in batches at 69800-70500.
If the stop-loss is hit or the price does not drop to the long entry position during the day, then in the evening, we can continue to set up long positions at 68200-67800, targeting to exit at 69000-69800.

——Recognize #CoinKingLegend#【A teacher focused on analysis】If any friends have questions about operations or trends, feel free to leave comments in the section below for communication and learning!

【10.31 Bitcoin Market Analysis】

From the current market perspective, Bitcoin has started to see increased volume and rise during the evening hours over the past few days. The Bollinger Bands on various K-line charts are consistently opening upwards, and the moving averages are trending upwards as well. The support at the bottom is intact, forming an ascending channel. It is important to note that the historical high position exerts pressure on the market near 73,800, forming the first resistance level. On the four-hour chart, the market has broken upwards, forming a new channel. Looking at the auxiliary indicators, the MACD dual lines are rising towards the zero axis, and the current trend is still leaning towards the upside.
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​However, in the short term, the daily line has closed with a long shadow candlestick, indicating a Doji pattern, which signifies a certain degree of indecision. Therefore, I do not expect a breakout in the intraday market; rather, before any upward breakout, we will likely see a pullback first.
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​【10.31 Bitcoin Trading Strategy Reference】
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In the intraday market, we can enter short positions near the previous high level, or we can enter early with a small stop loss.
​ Short Position: Enter short near 73,400-73,600, with a stop loss at 73,900, and aim to exit in batches at lower levels of 72,400-71,200. If the market remains sideways around 72,500 during the daytime, we can enter short around 73,000 in the afternoon or evening, reserving space for a potential additional purchase, while keeping the target the same.

Long Position: We can position long orders within the range of 70,600-70,300, which is a 300-point interval, aiming to reduce holdings at 72,400 and then look for new highs.

—— I am the Coin King Legend, a teacher focused on analysis. If you are still struggling to accurately grasp market trends and levels and are currently in a losing situation, feel free to reach out to me for a chat.

【10.22 Bitcoin Market Analysis】

Yesterday's daily closing formed a solid bearish candlestick, with the closing price within the intraday support range. Although the short-term trend is slightly bearish, the daily support level has not breached the bullish trend support, so there is a possibility of a rebound during the day. Therefore, in the daytime, we are more optimistic about a high-level sideways recovery, while in the evening, we lean towards a continuation of the decline. The only point to note is the strength of the intraday rebound; pay attention to the short-term resistance zone of 68500-68800, and see if it can break through. If not, consider going short.

【10.22 Bitcoin Trading Strategy Reference】

Short Position: Enter short positions in the 68500-68700 range, with an average defense of 500 points, look down towards 67200 to reduce positions, and continue taking profits down to 66200 in batches. 【Maximum target at 65500】If the bullish momentum is insufficient during the day, consider entering early around 68200.
Long Position: During the daytime phase, a short-term pullback near 66900 can be considered for light long positions, with stops set at the previous low, looking up towards 67600-68200. 【Before 6 PM】

—— I am the Coin King Legend 【a teacher focused on analysis】. Friends with any questions about operations or trends can reach out to me for交流学习操作! Let's communicate and profit together!

【10.21 Bitcoin Analysis】

Yesterday closed with a small positive line, and today's opening rose. The top position touched the upper high of 69527 and then began to fall rapidly, and a short-term peak signal appeared. From the weekly closing, the current weekly level bull top position has little room for growth. The rising big positive column did not drive the entire weekly level Boll band to open upward. The upper rail position and the previous high point formed a suppression near 70600.

In addition, the short-term four-hour chart level Boll band did not open with this wave of bulls, but continued to shrink, which means that the bullish volume in the white market is not that strong. The white market must be a high-rise and fall back to the top and bearish. In terms of operation, it is recommended that you go short first and then long.

【10.2 Bitcoin Operation Strategy Reference】

Big cake weekly operation strategy reference: 70500-71000 to follow the trend short order to enter the market, defend 71500, target 68500-66500.

Daily operation strategy reference for big cake: At the current price of 69400-69500, you can take a short position to enter the market, with a small defense of 69880, and look at 68600-67200 to sell in batches. [If you are caught in loss, continue to ambush short positions during the week]
 If you want to chase long positions during the day, first look at the strength of the market retracement:
 1: If it falls back to around 68600 to stop the decline, or if it fluctuates continuously around 68600 in the afternoon, it means that it can't fall further, and you can chase a light long position to enter the market.
 2: If it falls below 68600 during the day, then we will consider taking long positions near 67000.