Good evening everyone, I am Jiang Xin. After the last update, I made a round trip, and the result was not bad. Last weekend, the market surged on Saturday evening, and there was a high volume on Monday morning. Many weekends in the second half of this year have followed this pattern, which has activated liquidity throughout the week, and the volatility should not be poor.

Let's briefly review a segment. Bitcoin started from around 99,200 on Friday evening and rose for nine consecutive hours to around 104,000. After that, it faced resistance from the one-hour EMA 120 and 144, pulling back to the one-hour EMA 30, with 101,800 as a resistance point. After a day of narrow consolidation, it broke through multiple one-hour moving averages on Saturday evening, surging to around 103,500, and then made a second surge to around 106,500 this morning.

Currently, the four-hour EMA 120 and 144 are at the dual resistance of 107,200-107,500, while there is support from the four-hour EMA 30 at 103,800. Here, we also have the one-hour EMA 120 and 144. This means that the short-term tug-of-war is likely to oscillate within the range of 103,500-107,500. This morning, we shorted at around 106,500 and 3,650, and we have published an article today. In the short term, we will handle it around this range.

The structure of this segment of Ethereum is no different from Bitcoin, but the high rebound on November 9th, which started from 3,450, pulled up by a hundred points, bringing it halfway closer to the four-hour EMA 120 and 144. After six consecutive hours of rising, it oscillated to 3,650 this morning, followed by six consecutive hours of decline to 3,600, and it oscillated around this level during the day.

We can see that the important positions for Bitcoin during its operation are 103,500, 105,200, and 106,500, while the dual turning points above and below are 102,500 and 107,200. For Ethereum, they are 3,450, 3,560, and 3,650, with key positions to watch being 3,385 and 3,720.

So, in the future market, we will layout segments around these positions for a tug-of-war, buying high and selling low. It is recommended to short Bitcoin at 106,500 and Ethereum at 3,620-3,650, which are our entry points this morning. The target is towards the mentioned moving averages, engaging in a tug-of-war. If the momentum and trading volume are not large, we will handle it in segments. If the momentum continues, we will set a stop loss at one percentage point towards the tug-of-war. It is suggested to operate around the segments. I hope everyone achieves success.

Walk with Jiang, WeChat Official Account: Jiang Xin Lun Chan

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