The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although Xingran's advice may not make you rich overnight, it can ensure your presence in the market. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand.
Bitcoin surged to 117,500 yesterday and stabilized.
The daily WR has turned down, and the 4-hour MACD's red momentum is gradually decreasing.
A small pullback is expected, but the Bollinger Bands are opening upwards, and the support at the middle band is effective. The bulls remain strong.
Today is Black Friday, so it is safer to focus on low buys.
Trading Suggestions
It is recommended to buy Bitcoin on a pullback near 116,000-116,300.
Target: 117,500
Ethereum's price once surged to around 3,935. The 4-hour chart shows five consecutive bullish candles, indicating continuous bullish strength.
The hourly WR has turned up and is pulling back, so continue to buy, looking at 3,950 for a breakout.
Trading Suggestions
It is recommended to buy Ethereum in the range of 3,850-3,890.
Target: around 3,950
I cannot control how the market moves, but I can provide relatively stable entry points through intraday indicators, which can reduce the risks in trading and increase the probability of profit. Layout based on intraday resistance and support levels will be very stable. Remember to strictly set stop losses and take profits. I am Xingran, a teacher focused on technical analysis. Anyone with questions about operations or trends can communicate and learn with me! Let's share and profit together! I'm available 24/7, follow Xingran and you won't get lost!
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