Preface: Investment involves risks, please be cautious in your operations.

Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!

Time of writing: 23:57, November 15th, Beijing time

Market Information

1. MAS official: "We have learned a lot of lessons" in the crypto field;
2. German commercial bank has obtained a cryptocurrency custody license;
3. IMF Managing Director: Central bank digital currencies can replace cash and provide flexibility;
4. Over 40 countries have issued a joint statement on implementing a cryptocurrency asset reporting framework;
5. Russian Ministry of Trade has developed a cryptocurrency mining solution to "bypass Western sanctions";

Market Review

Last night, we set up long positions, saying that as long as BTC doesn't break 35568, it is safe. However, it fell below this level, reaching a low of 34572. ETH also fell below the 2011 level, dropping to a low of 1919. Long positions were stopped out. If you are holding positions, it's back now, but it's not recommended to hold positions. Although the decline last night was liquidated, it rebounded after reaching the support level, and long positions re-entered, recovering the losses. It can be verified that due to the timeliness of the article, it cannot be updated in time. Please understand. Long positions in BTC and ETH were basically notified to exit in the evening. There is still a small range above, pay attention to breaking the high point after the rebound;

Market Analysis

BTC:

Looking at the 4-hour chart, BTC's decline last night broke through the short-term low of 35568 and continued to fall to 34572. The 34600 area is the next support after breaking 35568, and it rebounded after reaching this area. The layout was not timely in the article, but it was notified offline. If you don't want to miss the first-hand strategy, you can find my contact information at the bottom of the article. The market has already rebounded and is close to the take-profit range. It's not recommended to set up long positions. The target range for this rebound is expected to be between 36400-36900. The highest point of the rebound is 36399, which has reached the take-profit range. In the future, we will wait to see if there will be short-term pressure around 36900. If there is short-term pressure, the market will continue to fluctuate. If the market breaks through the 37557 level, it will continue to rise. Pay attention to the 36900 pressure in the evening and the 37557 breakthrough. After reaching the 36900 level, if a 4-hour doji or upper shadow line can be formed, you can open a short position. The target range for the decline is expected to be between 35500-35100. If it breaks through 37557, do not short. Take control of your own entry opportunities; short-term trading, manage risks, and take care of profits and losses;

ETH:

Looking at the 4-hour chart, ETH's trend is basically similar to BTC's. After breaking the 2000 support, it rebounded. After breaking the 2011 level, the next support is at 1962. After dropping to 1919, it rebounded and closed above 1962, with the closing price at 1979. This kind of trend is considered a false break and a test of support. There was also a rebound opportunity during the day. The target range for this rebound is expected to be between 2045-2075. If it reaches near 2075 and encounters a trend with an upper shadow line, you can open a short position. The market will continue to fluctuate. The decline range is expected to be between 1980-1955. If it breaks through 2119, abandon short positions. The market will continue to rise in the future; take control of your own entry opportunities; short-term trading, manage risks, and take care of profits and losses;

In summary:

After the short-term rebound of BTC and ETH reaches the pressure range, pay attention to breaking the high point. If it doesn't break, you can short and continue to fluctuate;

The article is time-sensitive, pay attention to risks, the above is only personal advice, for reference only!

Follow the public account "Coin War God" to discuss the market together;

"Stuck, about to be liquidated, losing so much…" Every time a one-way movement occurs, you always hear such voices.

As the saying goes: "The crying child gets milk." The key is I'm not a "wet nurse", and I don't have a remote control to make the market, which is not as you wish, make a 180-degree turn.

There are "begging" everywhere, hoping for someone to lead the way in business, and wanting to break even in trading. There is no such thing as position management, because in the concept of being a "leek", position management is not needed. What's in mind is: I'm playing all-in. Basically, trading relies on instinctive reactions. I don't know if the money comes from a strong wind, but if this continues, it will definitely be blown away by a strong wind.

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