From the current trend, there is a divergence in the movements of Bitcoin and Ethereum. Bitcoin's price rose to the midline of the four-hour chart last night but faced pressure and fell back down near previous lows. In contrast, Ethereum's price broke through the midline pressure on the four-hour chart after the four-hour candlestick change, with the price touching 3465 again. Our layout yesterday focused on the midline pressure at the four-hour level for positioning, as mentioned in both the article and video content. The confirmation of the midline pressure at the four-hour level indicates another entry point, and the support below has also been clearly indicated.
Currently, we have achieved good profits. The trading strategy for the current day remains the same, allowing for high selling and low buying within the range. Bitcoin has continuously fallen after facing midline pressure at the four-hour level, and it is about to drop again to the lower support. Long positions can be attempted here with a stop loss of 500 points, and the rebound target can be focused on the range of 94600-96000! For Ethereum's movement, we will focus on the midline support of the four-hour chart. If it breaks down, we will look to short towards the range of 3280-3220; if it does not break, we will directly go long, targeting 3420-3480 with a stop loss of 40 points!
There were no particularly significant macroeconomic messages this week, so trading decisions should reference eighty percent technical indicators.
From a technical structure perspective, on the daily chart, there is a small bearish closing line. On the four-hour chart, the Bollinger Bands are narrowing, with the K-line running below the middle band. The MACD lines are converging, with bullish momentum decreasing. On the hourly chart, the Bollinger Bands are opening, with the K-line running below the middle band, and the MACD lines crossing downwards, with bearish momentum decreasing. The intraday trading strategy is to mainly look for low long positions on retracements during the day, while keeping an eye on the strength of rebounds for supplementary high short positions.
In terms of operations, it is recommended to buy in the range of 93500-93000, with a target aimed at 97000.
It's been six hours since the post, and there's already a 600-point space. Brothers, are you keeping up? Today's direction is as accurate as ever, continue looking down near 104100.
Today the main view has retraced, the short positions have almost been washed out, the first target looks at 104100, the second target looks around 102000
The analysis and entry points provided in the morning perfectly match the market trend, with a potential of a thousand points! Are there any brothers who kept up?
BTC overnight trend is in line with the pullback of the US stock market. Trump attributes the stock market rise to himself, but the three major stock indices fell. According to Coinank data, ETF net inflow is 600 million USD, continuing to flow in since November 26. The daily line closed with a small bearish candle, with short-term support and resistance levels referencing the rising trend line at 97,000, and the main distribution of chips near 95,000.
Yesterday, Ada was stationed on the front line, and we accurately took profit on the high position at 102500, then shorted to 101000 before exiting to rest. This morning, Bitcoin fell all the way to around 99500. Although we missed a thousand-point range, the long and short positions also brought in considerable profits.
Returning to today's market analysis, looking at the technical structure on an hourly basis, the price encountered strong resistance at the top of the oscillation range during midnight and retraced, testing the support below again. Currently, the continuation of the bearish trend does not seem strong, and the market is only consolidating around the 100,000 mark. From the four-hour chart perspective, the price is still running between the middle and upper bands, and it is highly likely to test the middle band support soon.
Based on the Bitcoin liquidation map, it is recommended to buy in the 99300-99000 range, targeting 101000.
Last night, we publicly reminded that CPI data may continue a rebound trend. We caught the continuation of the bulls. The trend of Cake perfectly met expectations and went out of the rebound trend!
Back to today's market analysis, after the midnight high was blocked, the air condition entered the rhythm of adjustment and repair again. The fluctuations and downward overlaps were not large, and the volume did not increase significantly. From the hourly level, the Cake Air Conditions have been looking for support below. In the future, we can pay attention to the support strength of the 99600 line. This line is the bottom point of the midnight retracement yesterday and the middle track of the Bollinger Band. If it cannot stop the retracement and cooperate with the sentiment of the persimmon market, it may trigger a new round of waterfall callbacks. In the morning, the orange can be carried out around the retracement of the low duo.
Cake operation suggestions: 99600~100000 duo, looking up to 102000.
From the current market, after the midnight air situation was repaired and moved upward, it was blocked near the 97000 mark. It has not been able to stand firm after a long period of consolidation. The current air situation has fallen again. From the hourly level, we can see that with the downward trading volume of the price ratio, the persimmon market is still expected to fall back to test the support below. In the morning, we can follow the trend and sign high to observe the support strength of the 95000 line below.
Big cake operation suggestions: 96100~96400, looking down at 94800
From the current market perspective, the market experienced a plunge at midnight, and has once again entered an adjustment and repair phase. After two downward dips, there was a quick recovery, and the sentiment in the market has been effectively released. The previously mentioned 97000 level remains valid, and the upper resistance can be observed at the middle line of the hourly Bollinger Bands, where the price has been pressured and blocked twice this morning. This morning, we will continue to treat the market with a low bias.
Bitcoin Trading Suggestion: 97000~97500, target up to 99500.
Today's overall direction looks like a rebound. This spike to 104,000 resembles the pullback to 90,000; a pullback to around 97,000 is still a very healthy movement. If there are no major negative news, the upcoming script is to rebound to around 100,000 and then move sideways.
For operations, it is recommended to go long in the 97,000-96,500 range, with a target near 100,000.
The daily Bollinger Bands are gradually tightening. Based on historical trends, after the tightening, a breakout is inevitable.
Currently, BTC is still maintaining a daily upper track oscillation. This week, pay attention to the support and rebound situation around 95,000. Whether the price stays above this level has a profound impact on the current market risk appetite.
Of course, if this support is broken, I personally expect altcoins to follow suit on a small scale. As long as the daily trend is not broken, altcoins will still maintain a certain level of activity before Christmas.
As of the eve of Christmas, the depth of the current daily range correction is around 90,000. If there are significant negative factors, then this reference can be ignored.
The daily Bollinger Bands are transitioning to a tightening phase. During this phase, the range will continue to oscillate, making certain adjustments to the overall price structure and repairing it. Currently, the range is 11,000 points. Based on historical trends over the past year, excluding major positive stimuli, the range still needs to tighten.
Pay attention to two ranges: if the daily range tightens to 6,000-8,000 points, a breakout either upwards or downwards can be regarded as a short-term rebound or a deepening of the correction. If the daily range tightens to 4,000-6,000, then a larger breakout may occur, including upward and downward breakouts.
From an hourly perspective, as the Bitcoin further recovers lost ground from midnight to morning, the market has once again stood above the 96000 mark. This morning, there was a sudden surge in trading volume, and although it still couldn't break through the resistance above, it demonstrated strong momentum. We remain optimistic about its continuation. From a daily perspective, yesterday closed with a T-shaped bullish candlestick, indicating that the buying strength below is still acceptable. We expect further upward movement for Bitcoin, and the strategy can continue to buy on dips.
Bitcoin: 95300-95000 range, target looking at 97000
From the daily structure, the current market situation is still in a state of fluctuation, and the market has not shown much variability, which is consistent with our previous analysis. The market has not yet determined the outcome. From the hourly level, with an evening round of up and down spikes, the market's volatility is gradually narrowing, and trading sentiment is low. Throughout the day, the white pancake will continue to operate around the fluctuation repair. In the short term, we will continue to focus on this low market.
Pancake: Range of 95000~95300 for entry, looking up to 97000
Bitcoin rose to the 98200 line in the early session, and the 4-hour chart shows an overall bullish trend structure in the candlestick performance. After a narrow range of consolidation, the price exhibits a sustained slow rise, with bullish volume bars maintaining their alignment. The running channel forms an upward opening shape, and after a short-term consolidation, a bullish reversal is established. Short-term downward probes encountered certain resistance. I don't expect too much retracement space for future pullbacks, opting for time to create space. It’s not very suitable to chase long positions directly at the current high; it’s more appropriate to wait for a pullback to enter long positions in the current market. Therefore, in the subsequent strategy, we will first keep waiting to enter long positions at lower levels.
Operational Suggestion: Bitcoin: Long around 97300-97000, with a target of 99000.
Today, the US stock market is closed for Thanksgiving. The 4-hour chart shows signs of a peak, and the resistance level of 97500 is still valid. During the day, do not consider chasing long positions for now. It is recommended to short in the 96500-97000 range, with a target of 95500.
The market trend in the future period may see Ethereum's rise potential higher than Bitcoin
The low point may have already appeared, and at least a short-term reversal is coming. Next may be the opportunity for altcoins
Bitcoin is currently far above the daily moving average, and as it digests the significant rise since Trump's election, Bitcoin may continue to consolidate for a period of time.