Analyst Chen Shu: 11.18 Bitcoin and Ethereum Daily Continuous Decline, Focus on the Strength of the Rebound

From the daily chart of Bitcoin, the daily line has been continuously declining, breaking down along the MA5 moving average. The short-term rebound strength is weak, so pay attention to the subsequent breakthrough of the MA5 moving average. Be cautious about going long before the price rebounds and breaks through the MA5 moving average. On the 4-hour level, the short-term rebound has not surpassed the MA5/10 moving averages. If you want to operate long positions in the short term, you can pay attention to whether the price can stabilize above the 4-hour MA5/10 moving averages, specifically above 9.45.

From the daily chart of Ethereum, the daily line has completely broken below the important support of the MA256 moving average. If it cannot regain this line in the future, the short-term trend of a one-sided decline will accelerate. The lower support is expected to first focus on the MA120 moving average at the 2860 level. Currently, the short-term has temporarily stopped falling at the 2950 level, so pay attention to whether it can rebound from this level and stabilize above 3100.

Midday Operation Ideas (Written at: 13:30):

BTC: Short at 9.13, add to short at 9.33 on rebound, target 90,000/89,000; light long position at 89,000/87,000.

ETH: Short at 3100, add to short at 3200 on rebound, target 300/2950; light long position at 2950/2850.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave a message below for discussion; I will reply to each one.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。