11.14 Bitcoin and Ethereum Trend Analysis and Trading Ideas!

CN
5 days ago

From the daily perspective, Bitcoin is expected to experience a relatively quick pullback after its first bearish close. With the favorable CPI news, bulls have surged again, pushing Bitcoin to a new high around 93,500. The current resistance level can be referenced at the recent high (92,500-93,500), while the support level is tentatively set at 89,000-90,000. Ethereum's movement appears more stable, having surged strongly to around 3,450 before its first bearish K-line, and continues to show bearish movement for a pullback. Although the favorable CPI news led to a rise that encountered resistance at 3,350, it has since retraced. The current resistance level is referenced at 3,250-3,200, with support tentatively at 3,100-3,120. There is still significant upward potential, but it needs to be approached step by step, as we are currently in a phase of encountering resistance and retracement!

From the 4-hour perspective, Bitcoin has formed support after testing the 89,000 level twice, with resistance referenced at 92,500-93,000. Ethereum is also facing resistance at the 3,220-3,200 level, while the focus below is on the 3,200-3,150 range. Overall, there is pressure above and support below, and the subsequent movement is expected to be primarily in a consolidation phase, with opportunities to enter on breakouts. The operational suggestion is to short at high levels!

Operational strategy: Short at high levels!

Short Bitcoin at 92,500-93,000, targeting 91,500-89,000, with a stop loss above 93,500;

Short Ethereum at 3,200-3,230, targeting 3,140-3,100, with a stop loss above 3,270;

The strategy is time-sensitive, and specific guidance will be provided in private real-time!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and operational strategies!

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