Zhou Yanling: Bitcoin at $90,000 on November 12 is Just Around the Corner, Ethereum Will Eventually Follow Up
It must be said that the past three years in the cryptocurrency space have undoubtedly been the most rapidly developing years, with significant room for growth in the future, especially after Trump's election, which has driven the global cryptocurrency market to new highs, particularly with Bitcoin showing the strongest performance. From a policy perspective, cryptocurrencies will continue to develop strongly and establish a direct industry in the U.S. Bitcoin will continue to benefit from Trump's victory over the next eight weeks, which will generate a response similar to that of 2016. He intends to support the digital asset industry and raise tariffs, both of which will ultimately boost Bitcoin.
There is no need for excessive technical analysis regarding the recent market; even with eyes closed, one can make a profit. It's obvious to everyone that going long is the way to go. There is no need for extensive technical analysis; whether on the weekly, daily, 4-hour, or 1-hour charts, the structure is strongly bullish. From a medium-term perspective, there is no need to say much more; just continue to go long. This week, Bitcoin is expected to reach $90,000 without any issues, and in the medium to long term, a push towards $100,000 is anticipated. So as long as you have good long positions from earlier low entries, just hold on and prepare for the continued rise. The bull market still has room to grow, so be patient and hold on tight.
Bitcoin Trading Strategy for November 12:
Go long at 83,700-84,300, reasonably control your position to prevent risks from a potential market drop, and plan to add positions around 83,000. Target 86,000 and 87,000, with a medium to long-term hold aiming for around 90,000.
Light short at 87,000-87,400, with a stop loss above 87,500, targeting 86,400-85,800.
Ethereum Trading Strategy for November 12:
Go long at 3,240-3,280, with a stop loss below 3,200. First target around 3,400, second target around 3,560.
Light short at 3,570-3,530, with a stop loss above 3,600, targeting 3,430-3,380.
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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