Today is Tuesday, November 11th. Let's analyze how the market will operate today with a real-time analysis.

First, the current price is constrained within a 12-hour level range. This is why we provided a short position at 3650 yesterday; the ultimate target for this short position is theoretically around the 12-hour level support at approximately 3,510. For the long position we entered at 3,510, the stop-loss point should be at 3,490. As of now, the price is still constrained between 3,510 and 3,650, while on a smaller timeframe, it is showing a bullish trend. This morning, we provided a small long position around 3,570 in the group, allowing everyone to take profit at 3,630. So, how should we plan our trades today?

The current price of Ethereum is around 3,625, constrained within the hourly level range of 3,570 to the upper 12-hour level resistance at 3,650. The upper stop-loss point remains at 3,690, while the lower stop-loss point is around 3,540. We are currently observing the 12-hour level moving average breakout situation. If it drops below 3,540, it will continue the bearish trend towards around 3,510 before considering entering a long position. Conversely, if it breaks above 3,585, it will continue the bullish trend.

We will test the upper 12-hour level closing price resistance at 3,720-3,730. The stop-loss point should be around 3,770. If the price stabilizes above the moving average at the 12-hour level, it will continue the larger bullish trend. The final target should be between 3,850-3,900. This can be used as a reference.

For more strategies, follow the public account BTC-ETH Crypto.

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