Market laws, twists and turns, cycles of change, inner cultivation of the heart, external practice, the road ahead is long and far-reaching. 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 lead to different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a story of learning and growth. Through hardships and scenery, do not forget the original intention, and you will eventually succeed.

2023.11.18 BTC——————

In yesterday's pre-set order, BTC performed very well overall. We captured the lowest and highest points. Congratulations to our friends who followed! Today, on the daily chart, Bitcoin shows signs of a minor uptrend, with a halt at 35,800, and the upper resistance at 36,500 has been broken through multiple times. If the weekend price can stabilize above 36,500, there may be a relatively strong uptrend on Monday. In the short term, the four-hour price is maintaining a consolidation around the Bollinger Bands' midline, with the three lines starting to converge, the MACD showing a contraction in both bullish and bearish momentum, and the KDJ bottoming out with a bullish crossover. There are signs of continued upward movement on the four-hour chart. On the one-hour chart, the Bollinger Bands are converging with the three lines moving sideways, and the price is not fluctuating much. The MACD is stabilizing, and the KDJ is consolidating around the midline, with resistance at 36,700 and support at 36,100. In summary, it is still recommended to focus on range trading for BTC over the weekend.

Pre-set orders:

Long at 36,100-36,200, with a 400-point defense

Short at 36,900-37,200, with a 400-point defense

2023.11.18 ETH———————

As the weekend approaches, Ethereum's ETF is once again being hyped. I would like to comment on the news about Fidelity. Before the success of Bitcoin's ETF, it was impossible for Ethereum to pass an ETF. Returning to the daily chart, Ethereum shows a bottom doji candlestick, indicating a bearish bias overall, with upper resistance at the 2010 level. The MACD fast and slow lines have formed a bearish crossover at a high level, and the KDJ three lines are trending downward. In the short term, the four-hour price is staying within a downtrend channel below the Bollinger Bands, with clear resistance at 1990, but the KDJ shows signs of a bullish crossover at the bottom, providing some support for the downtrend. Pay attention to the support at the upcoming rally point of 1910. On the one-hour chart, the Bollinger Bands are opening downward, with the price consolidating around the midline and oscillating downward. The KDJ shows signs of a turning point at a high level, and the fast and slow lines continue to show increasing volume at the bottom. In summary, it is recommended to continue range trading for Ethereum in the short term.

Pre-set orders:

Short at 2010-2020, with a 30-point defense

Long at 1910-1930, with a 30-point defense

This article is exclusively created by senior analyst Qin Chuan. For more market updates, follow the public account: Zhao Qin Chuan

Disclaimer: The above analysis represents the author's personal views and does not constitute specific trading advice. Any operations based on this are at your own risk. Investment carries risks, so be cautious when entering the market.

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