11.21 Bitcoin repeatedly breaks new highs. Can Ethereum catch up? Short-term strategy update.

CN
2 days ago

Those who can buy are apprentices, those who can sell are masters, and those who understand holding cash are the ancestors! In trend swing strategies, the choice of entry points is secondary, while exit points are key. However, good capital management is the soul of trend swing trading.

Yesterday at noon, Auntie suggested continuing with the previous strategy, long positions at 3050-3030, and the market rebounded over 100 dollars at 3030, yielding further gains.

Bitcoin tested 97000, and Auntie is still operating within the range. Auntie’s whale is switching positions in Bitcoin, with ETF outflows and Bitcoin inflows, which has kept Auntie's recent movements within the range. In a weak market, Auntie's chances of catching up are even greater, but there is a prerequisite: Bitcoin must not experience a significant pullback. As long as Bitcoin stabilizes and moves sideways, the expectation for a catch-up remains.

The short-term technical perspective still follows the previous strategy, first looking at resistance below 3250, and then below 3400. Support remains at the 3030-3000 line.

11.21 Auntie's short-term suggestions: If 3230 does not break, short at 3180-3200, looking for 80-100 points.

If 3380 does not break, short at 3350-3330, looking for 80-120 points.

If 3030 does not break, long at 3080-3050, looking for 80-120 points.

The above suggestions are for reference only; please manage your risk well. Wishing you successful trading!

Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Auntie, find Gege.

Written by: I am Trader Gege, a friend willing to help you rise again.

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