Analyst Chen Shu: 11.11 Afternoon Bitcoin and Ethereum Market Strategy *No. 1, Successful Profit-Taking on Long Positions, Looking for a Correction in the Evening

The analysis provided on the afternoon of November 10 suggested a strategy for going long and adding to long positions on corrections. Bitcoin has risen from yesterday's 79,000 to nearly 82,000 at present, while Ethereum has yet to start its catch-up rally. The following analysis discusses how to maintain strength at high levels in the short term.

From the daily chart of Bitcoin, yesterday's daily candle closed up nearly 5%, briefly breaking through the 80,000 psychological barrier. The overall market remains strong with a one-sided trend; looking at the 4-hour chart, after several consecutive bullish candles, the largest pullback has only reached the 4-hour MA10 moving average, steadily moving upwards along the 5-day moving average. Currently, there are no signs of a peak, and even if a peak is reached, it would need to fail after a pullback to truly enter a correction trend. Therefore, unless the 4-hour MA10 moving average is broken or there is a significant pullback followed by a failed second peak, one should continue to go long.

From the daily chart of Ethereum, yesterday's candle showed upper and lower shadows, pulling back near the daily MA256 moving average (3066) before bouncing back, indicating that this support level is holding. However, there is a divergence between bulls and bears in the short term. In the phase where Ethereum has not followed Bitcoin to break new highs, the 4-hour chart is oscillating around the MA5/10 moving averages. If Bitcoin continues to break upwards, then Ethereum can be expected to catch up.

Afternoon Trading Strategy (Written at: 13:30):

BTC: Light long positions near 8.1, add to long positions on a pullback to 8.05, target around 1500 points, can trade back and forth.

ETH: Light long positions near 3160, add to long positions on a pullback to 3130, target at 3300, if broken, can reduce positions and hold for 3380 (catch-up rally).

Note: Currently, Bitcoin is performing strongly in the short term, while Ethereum shows a divergence between bulls and bears. One can look forward to whether Bitcoin's later catch-up rally will break above the 3500 high. Additionally, it is important to pay attention to the movements of the U.S. stock market.

Daily analysis strategies have a high win rate! Analysis is not easy, so 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 discussions and inquiries about market issues, you can follow me, the top-ranked personal KOL in the original (Coin World), providing free guidance and answering trading questions. Everyone is welcome to communicate and exchange ideas!

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。