Analyst Chen Shu: On November 19, Bitcoin and Ethereum rebounded and then fell again, with the rebound strength still relatively weak. Pay attention to the strength of the rebound.

CN
2 hours ago

Analyst Chen Shu: On November 19, Bitcoin and Ethereum rebounded and then fell again, with the rebound strength still relatively weak. Pay attention to the rebound strength.

From the daily chart of Bitcoin, yesterday's daily candle closed with a long lower shadow red candle, and the price still cannot break through and stabilize above the MA5 daily moving average. The short-term rebound trend focuses on breaking through the daily MA5 moving average. On the hourly level, the price rebounded to the MA60 daily moving average yesterday and then retreated downwards again. The short-term rebound strength is still slightly weak, with the key resistance level for today's rebound at 9.38. If it breaks through, the short-term can look for a continuation of the rebound; otherwise, it will continue to see a weak pullback, with the support level focusing on the previous low of 8.9.

From the daily chart of Ethereum, the daily price continues to oscillate and adjust around the MA256 daily moving average at the 3100 level. The short-term dividing line between bulls and bears still focuses on the breakthrough and stabilization of this level. On the 4-hour level, the pressure level for the short-term rebound focuses on the MA30 daily moving average at the 3130 level. Yesterday, the price rebounded to this level and then retreated downwards, with the support level focusing on the 2950 level. The current trend remains relatively weak.

Afternoon trading strategy (written at 13:30):

BTC: Short at 9.17, add to short at 9.3 on rebound, target 90,000/89,000; Long at 89,000/87,000 with light position.

ETH: Short at 3060, add to short at 3130 on rebound, target 300/2950; Long at 2950/2850 with light position.

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

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