11.19 Bitcoin's short-term trend has not yet reversed, and the rebound should be viewed with caution. Evening market analysis and trading strategy.

CN
孟晓瀚
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2 hours ago

In the early hours of today, Bitcoin began to face pressure and retreated after reaching the 93,800 area, which is also where the daily MA5 moving average is located. The current daily TD indicator has once again reached TD9. (If the price stabilizes above the MA5 moving average when the daily update occurs tomorrow, it will confirm that the TD indicator will have a short-term reversal signal. Conversely, if it cannot stabilize above the MA5 moving average, the daily TD indicator will likely lag to TD13, increasing the probability of a rebound and correction.) Additionally, looking at the indicators, both MACD and KDJ indicators are showing a divergent bullish sentiment in the short term, with all moving averages maintaining downward pressure. The 93,500-94,000 area is currently a critical dividing line for short-term bulls and bears; only by stabilizing above this position can Bitcoin have the opportunity to test the strong resistance area of 100,000.

On the 4-hour chart, Bitcoin is still operating below the middle band of the BOLL indicator. Although the short-term MACD and KDJ indicators have shown a slight rebound sentiment, the overall trend of the BOLL band and the 30-day and 60-day moving averages continue to exert downward pressure, which intensifies the lack of strength in the market rebound. Looking at the hourly chart, the overall trend of Bitcoin still leans towards slight fluctuations and declines, with the price expected to test the support strength around 89,000-88,000 again. Therefore, my personal view from evening to early morning remains primarily bullish, with a secondary focus on bearish strategies. This is a swing trading approach.

Trading Strategy: Buy in batches at 91,800-92,800. Target: 90,000-88,000. Stop loss: 93,600.

Low buy points can be referenced around 90,000-88,000.

Ethereum's short-term trend is basically in sync with Bitcoin. Currently, the short-term trend leans towards slight fluctuations and adjustments, with resistance at the high point around 3,160-3,270 and support at the low point around 3,000-2,950. It is expected that the overall market will lean towards a fluctuating adjustment and repair from evening to early morning. Therefore, my personal view remains primarily bullish, with a secondary focus on bearish strategies.

Trading Idea: Buy at 3,110-3,160. Target: 3,050-3,000. Stop loss: 3,175.

Low buy points can be referenced around 3,000-2,950.
For the current trend, this is expected to be sufficient, and I will continue to follow up.

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