Preface: Investment carries risks, and operations should be cautious.
Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!
Article writing time: November 19, 14:02 Beijing time
Market Information
Bitwise: Expectations related to the U.S. Bitcoin strategic reserve are driving the crypto market up;
Bitwise CIO: After Gensler's departure, the market cap of stablecoins is expected to reach $500 billion, and banks may hold Bitcoin for clients;
Consensys CEO: The crypto cases proposed by the SEC during Trump's term will be "dismissed or settled";
Bitwise CIO: The election has changed the rules of the crypto game, and we will see a wave of institutional investment;
Morgan Stanley's 2025 Global Strategic Outlook predicts the Federal Reserve will cut interest rates by 75 basis points in the first half of next year;
Bernstein: Trump's commitment to Bitcoin strategic reserves and other catalysts may push Bitcoin to $200,000;
Market Review
Previously, our strategy was mainly to buy on dips. When Trump was elected, we indicated that the path ahead would be smooth. Currently, the price of Bitcoin has reached a high of 93,421. As long as one is not shorting, the previous rise has mostly been a matter of earning more or less. The continuous rise of Bitcoin has also led Ethereum to follow suit, with a maximum rise point at 3,450. We previously advised that a daily breakout above 2,860 could be chased for gains, and basically, those who have been bullish during this period have made profits;
Market Analysis
BTC:
From the daily chart, Bitcoin has been continuously oscillating at high levels recently, with signs of decline during the day, but it closed higher in the evening. Currently, Bitcoin's trend remains strong; do not be greedy when shorting, and buying on dips is more stable. This wave of rise is expected to continue rebounding, with a significant opportunity to reach above 100,000 or even return to 12-13. The cycle is expected to reach around New Year's. During this time, Bitcoin is moving in a high-level oscillation on a smaller scale. In trading, it is recommended to buy on dips; the rise may not be as fierce as before, but it will slowly push higher. During the day, one can directly enter around 91,000, and if it drops to around 90,000, one can add more. Currently, the high point of 93,372 has broken; manage your entry opportunities accordingly. For short-term trading, control risks and manage your own profits and losses;
ETH:
From the daily chart, Ethereum has broken the bottom oscillation range during this wave of Bitcoin's rise, reaching the upper rebound pressure range of 3,250-3,570, but has not stabilized. It has been rebounding around the short-term support level of 3,030. As long as it does not break below, combined with Bitcoin's strong bullishness, Ethereum still needs to test the 3,570 level. After testing, we will see if the breakout strength can continue to rise. For short-term trading, the low-buy strategy is also recommended, entering with a stop loss at the 3,000 support level, targeting 3,250-3,570. Manage your entry accordingly; for short-term trading, control risks and manage your own profits and losses;
In summary:
Bitcoin is continuously oscillating at high levels, and the bullish trend remains strong. The trading strategy is still to buy on dips;
The article is time-sensitive, be aware of risks, and the above is only personal advice for reference!
Follow the WeChat public account "Crypto Lao Zhao" to discuss the market together;
All suffering stems from the pursuit of certainty. Impermanence is the norm and the way life should be. Always wanting to grasp the market, not acting on a 50% certainty, not acting on a 70% certainty, must wait for a 100% certainty—where is there a 100% certainty in the market? Trading is about trading risks, trying to make the odds stand on your side. Those who give love receive love in return; those who bring blessings receive blessings. Sometimes, learn to take a little loss, be a bit foolish, a bit clumsy. For example, if the market is bullish, once this is confirmed, don’t be too rigid with your position, lower your position a bit, and then get in first. If it reverses, so be it.
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