11.19 Bitcoin and Ethereum trend analysis and operational ideas!

CN
5 hours ago

On the daily level, Bitcoin has formed initial support at 89000-90000 after several days of fluctuating sideways consolidation. It is very evident that the price is stabilizing rather than declining, with support continuously moving up. The current resistance level is around 92000-92500, and it is expected to continue to test the previous high of 93500. Short-term support is at 90000-90500. Ethereum's pullback is relatively larger than Bitcoin's, and its fluctuation range is also more regular. Currently, support is still around 3000-3050, with resistance at 3150-3200. A breakout would lead to a further target of 3250-3350, while a drop below 3000 would necessitate a downward look towards the key support near 2877!

On the 4-hour level, Bitcoin's fluctuation range is gradually narrowing and moving upwards. Attention should still be paid to the breakout situation at the resistance level of 92500 above, while support at 90000-89500 below should also be monitored. If it goes down, it will inevitably test the bottom again at 87000-86500. One can directly enter trades as the price moves up or down. Ethereum's 4-hour range is relatively regular, with reference to 3200-3050. Similarly, if it continues upwards, it can reach 3350, while a downward continuation requires breaking the support at 3000!

Trading strategy: Long at low levels!

Long Bitcoin at 90000-90500, target 91500-92500, with a stop loss below 89500;

Long Ethereum at 3020-3050, target 3100-3200, with a stop loss below 2990;

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

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 trading strategies!

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