Mufeng Looks at Trends: Bitcoin/Ethereum Market Analysis and Trading Suggestions for the Evening of November 17

In the evening, the bears increased their volume, and the market experienced a pullback. The long positions that were set up in advance have deviated from the entry points and have now been stopped out. On the daily chart, the current KDJ and MACD indicators are both showing a downward death cross. Although the BOLL indicator has opened up, it is evident that the magnitude of this drop contrasts with the opening (the opening is small, but the drop is strong, indicating that the technical decline is weak, and the indicators have broken down; it is expected that there will be some recovery). In the main chart, the MA three-day moving averages are strongly aligned in a bearish manner. Please pay attention to the BOLL breakdown and the gap between the coin price and MA5; it is estimated that there will be some technical rebound to adjust the sentiment in the future. In terms of operations, it is not recommended to continue chasing the short positions at low levels. In summary, in the short term, it is possible to continue to accumulate long positions in batches during the pullback. Specific entry points can be referenced as follows:

BTC: Current price 93700-93000 for long, target 96000, stop loss at 92200

ETH: Current price around 3100-3070 for long, target 3200, stop loss at 3030

The above are personal trading suggestions for the evening. The market is constantly changing, and this article may have some lag. Specific operations should be based on real-time guidance. If you have any questions, feel free to consult.

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