Zhou Yanling: Don't Panic on 11.13, the Bullish Trend in the Crypto Market is Still Here, It's Just a Short-Term Pullback Adjustment

The price of the coin has once again demonstrated what it means to rise slowly and fall sharply, dropping below 86000 so quickly. In fact, it hasn't been long since the real decline started, just half a day. Unfortunately, many shorts have already been cleared out before this. However, there isn't much time to reminisce; the market is still in a fierce decline. Many of you must have missed this shorting opportunity during the day and are now eagerly waiting for a support level to go long. Yanling understands what you want.

Everyone knows that the market cannot keep rising indefinitely; there will always be fluctuations, it's just a matter of time and price. But this is not what we need to worry about right now. The fact that we can continuously sell off to this extent proves that the market is currently creating signals and emotions for a bearish turn. The trend is still a bit far off; once the 84000 point is broken, a so-called reversal signal will appear on the daily level. Today's drop at the 90000 mark is very intuitive and exactly as Yanling predicted, which also verifies why I set the long target at 90,000 yesterday. However, the bulls need not panic; a pullback is a healthy trend. The overall bullish trend has not changed; it won't just turn with this one wave. Currently, it is just a short-term adjustment and consolidation demand. The market will temporarily enter a range-bound consolidation phase, with the main direction still bullish. For intraday operations, continue to focus on buying on pullbacks, with short positions at high levels as a supplement. Support levels to watch are 85000 and 84000, while the resistance level above is the integer mark of 90000.

11.13 Bitcoin Trading Strategy:

1. Buy at 85800-86400, stop loss below 85300, target around 89000-89600, and if it breaks 90000 again, look for around 92000.

2. Light short at 89700-89200, stop loss above 90200, target 87500-87000, continue to look down towards around 85600.

11.13 Ethereum Trading Strategy:

1. Buy at 3140-3180, stop loss below 3100, target 3260-3300, and if it continues to break upwards, look for around 3400.

2. Short at 3390-3350, stop loss above 3430, target 3270-3230, continue to look down towards around 3150.

【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 crypto 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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