Analyst Chen Shu: 11.6 Midday Midnight Bitcoin and Ethereum Market Strategy *No. 1, Election Drives Surge to Break Historical Highs, Continue to Be Bullish

On November 5th, I published a post suggesting a rebound shorting strategy, proposing a short at 6.92/2450. Subsequently, in the early morning, after the price broke and stabilized above 6.95, a rapid surge began, breaking through the historical high of 75,000. Currently, the short-term continues to be strong and breaks new highs. For operational strategies, please see the analysis below.

From the daily chart of Bitcoin, today’s daily candle closed with a large bullish candle, an increase of 8%, completely breaking through technical resistance. The market has been ignited by the election, driving a bullish trend. As long as Trump's vote rate continues to lead, Bitcoin's price will continue to rise, once again pulling Bitcoin's price upward. This type of news-driven rise has no pressure levels to reference; once FOMO sentiment is ignited, the price peaks cannot be imagined. In terms of operations, it is advisable to treat it as a buying opportunity on pullbacks.

For Ethereum, similarly, the daily level does not show as much increase as Bitcoin. During Bitcoin's consolidation phase, we can look forward to Ethereum's catch-up rally. The pressure level can initially be referenced at the daily MA120 moving average line (2680).

Midday Operational Strategy (Written at: 15:00):

BTC: Light long position near 7.42, add to long on pullback to 7.36, target above 7.5 for reduction and holding.

ETH: Light long position near 2580, add to long on pullback to 2560, target above 2680 for reduction and holding.

Note: In the short term, attention needs to be paid to the selling pressure from profit-taking. It is currently basically confirmed that Trump is leading in votes, so the previously bought long positions will realize profits when the situation stabilizes. This short-term profit-taking selling pressure needs to be noted; it is advisable not to chase high positions but to wait for pullbacks to enter long positions, which is more prudent. If there are no opportunities, just wait for them. After the election votes conclude, the market will continue!

Daily analysis strategy has a high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

For real-time market strategy exchanges and inquiries about market issues, you can follow my personal account homepage, the original (Coin World) ranked first personal KOL main account, providing free guidance and answering trading questions. Everyone is welcome to communicate and exchange!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。