Market rules, with twists and turns, cycles of change, cultivate the inner self, and practice externally; the road is long and arduous. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results; if one lacks ambition, even with the help of benefactors, they will ultimately be unable to rise. All difficulties are not truly obstacles; the success story of an investor is essentially a history of learning and growth. The journey is tough, but it is also scenic; staying true to one's original intention leads to a successful conclusion.

2024.11.20 BTC ————————

The divergence situation on the daily chart of Bitcoin continues to worsen. Despite the price constantly breaking new highs, the MACD indicator shows a continued decrease in bullish volume, forming a top divergence pattern. Therefore, the daily chart should focus on the support strength at 91,000. Currently, there are not many reference points at the daily level; the consensus level of 100,000 will depend on when it is broken, or whether there will be further downward movements before a breakthrough. On the four-hour chart, the price is oscillating upwards around the Bollinger Bands, with support at the 91,300 line. If the price can continue to operate above 91,000, then with the subsequent opening of the Bollinger Bands, there is still a possibility of a breakthrough. On the hourly chart, there is high resistance at the 93,600 line, with support around 91,500. In summary, the overall price can be managed by selling high and buying low within the range.

Pending Orders:

Sell at 93,600-93,800, target above 500-600 points

Buy at 91,300-91,500, target above 800 points

(Strategy activation can only be used once; manage profits as needed)

2024.11.20 ETH ————————

After four days of oscillation and consolidation, the price of Ethereum has not changed much, which indicates that the current market liquidity is not very ideal. Given the overall economic cycle is not favorable, Ethereum standing firm at 3,100 is already commendable. On the daily chart, the price highs are continuously declining, and there is no significant support below. Strictly speaking, support can be focused around 2,800 on the daily chart for top-bottom conversion. Additionally, the auxiliary indicators show that the fast and slow lines are running closely without forming a clear death cross to continue expanding downwards. On the four-hour chart, the short-term Bollinger Bands are continuously narrowing, and the range of 3,050-3,180 has formed a strong consensus in the market, so most people will pay attention to these two key points. Personally, I believe that as long as the price fluctuates, these two support points should be used as defensive reference positions, not as entry points. In summary, I suggest short-term range trading for Ethereum, maintaining a cautious stance and observing.

Pending Orders:

Sell at 3,150, with a stop loss of 30 points, target above 50-70 points

(Strategy activation can only be used once; manage profits as needed)

The content of this article is exclusively created by senior analyst Qin Chuan, who has researched Bitcoin, Ethereum, contracts, spot trading, gold, foreign exchange, stocks, and other investment fields for many years. Currently, he mainly guides contract operations, possessing a solid theoretical foundation and practical experience. He excels in combining technical and news-based operations, focusing on capital management and risk control. His trading style is steady and decisive, recognized by many investment friends for his easygoing yet responsible character and sharp, decisive operations. For more real-time investment strategies, trading methods, operational skills, and knowledge about K-lines and market trends, please follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this analysis is at your own risk; investment involves risks, and caution is advised when entering the market.

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