Zhou Yanling: Bitcoin may reach the $100,000 mark next week on November 16? Ethereum's pullback is building momentum to sprint towards $3600
A bold plan proposed by Trump allies suggests "selling the Federal Reserve's gold reserves to buy 1 million Bitcoins." I believe everyone has seen this news. Based on the current market price, this purchase of 1 million Bitcoins would cost about $90 billion—of course, if the bill passes and investors buy before the government, the amount spent could likely increase. Although the White House changeover is expected to welcome many Bitcoin enthusiasts, and the crypto community hopes this will be the most crypto-friendly Congress in history, the aforementioned bill, which currently lacks a co-sponsor, is likely to face a tough battle. However, Trump has always been optimistic about and supportive of the Bitcoin market, and he also recognizes the idea of establishing a Bitcoin reserve. In addition to Trump's policy push, there are also ETF funds and a large influx of capital, all of which are driving the recent bull market. Over the next three years at least, Yanling expects the crypto market to continue to ferment a super bull market. Everyone can actually take a longer-term view and not be scared off by the current minor pullback and consolidation. Based on the current trend, Bitcoin is expected to sprint towards the $100,000 mark next week.
However, even so, everyone still needs to pay attention to operational risks and not be overly greedy. The recent market has started a pullback and consolidation, and many people are excitedly saying that the bull is about to end. Regardless of whether a reversal can form, the market's voice is still quite lively, and liveliness indicates that the market currently has controversy. Therefore, trading in a controversial environment naturally requires caution. But from a long-term perspective, as long as it does not break the effective support at $84,000, there is no need to talk about any market reversal; if it hasn't even dropped below $84,000, it is clear that the bull market is still strong and even more vigorous, and the next step may surge even faster and more fiercely. The daily chart shows a strong rebound in coin prices since November 6, continuously breaking through previous highs and showing a sustained upward trend. In the 4-hour cycle, both the DIF and DEA are above the zero axis, but the MACD histogram is gradually shortening, indicating a weakening of bullish momentum and a short-term need for a pullback. The current price is above the EMA7, EMA30, and EMA120, with short-term, medium-term, and long-term moving averages still in a bullish arrangement, supporting the upward trend. Therefore, in terms of operations, Yanling suggests maintaining the overall bullish trend while taking short positions on small pullbacks and taking profits when appropriate, allowing both strategies to proceed without conflict.
November 16 Bitcoin Trading Strategy:
Buy at 89200-89700, stop loss below 88700, target 91400-92000, continue to look for 93000, then around 94000.
Sell at 93000-92500, stop loss above 93500, target 90800-90300.
November 16 Ethereum Trading Strategy:
Buy at 3030-3070, stop loss below 3000, target 3160-3200-3240, continue to look for around 3330.
Sell at 3250-3210, stop loss above 3290, target 3140-3100.
[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 unfreezing positions, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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