Cryptocurrency News
November 20th Hot Topics:
- PEPE: 418 billion PEPE tokens are about to be transferred from the team wallet to Binance Earn.
- Bitcoin supporter Javier Milei wins the Argentine presidential election.
- The address that mainly deals with ETH breakthrough market bought 9131 ETH.
- Former SEC general counsel: There is no inconsistency in crypto regulation between the SEC and CFTC.
- A certain ETH swing trader spent 10 million USDC to buy 5114 ETH.
Trading Insights:
If your trading direction is opposite to the market's direction, please set your stop loss in time! Not every trade goes smoothly, and setting a stop loss is for better profits! Dare to accept temporary failures and face the market! Remember not to constantly hold onto losing positions! No one is perfect and everyone makes mistakes! It is necessary to continuously improve the shortcomings in your own character! Of course, trading also exposes your character flaws, such as excessive greed, hesitation during major market movements, and overconfidence! Blind confidence can sometimes cause harm! Trading itself is a process of constantly improving oneself, overcoming one's own shortcomings, and continuous self-cultivation! Sometimes it is not just a game with the market, but also a game with oneself, where the ideal self and the present self are in conflict!
Search for the public account: "Big White Coin Discussion"
BTC
Analysis:
Bitcoin's weekend fluctuations have been small, with the overall range oscillating around 36800-36000. It made multiple attempts to break below 36400 yesterday but failed. In the early morning, the market broke through the resistance and reached a high of 37500 but was resisted and fell back. Currently, the price is running near 37230. The four-hour candlesticks are back above the moving average (MA) line, and the MACD is gradually increasing with a bullish crossover. At the same time, the MA7 is turning upwards, showing signs of an upward trend in the short term. There is a possibility of breaking the previous high. Although there is a bearish divergence structure on the daily chart, the downward momentum is not strong, and the market is repairing through horizontal consolidation. The bears are not in a hurry to enter the market. It is suggested to wait for a break or false break of the new high before entering the market. The weekly K-line opening moving upwards is not very friendly to the bulls. The intraday strategy is recommended to be aggressive, first long and then short. Resistance above is at 37900-38400, and support below is at 36800-36400.
ETH
Analysis:
The recent trend of Ethereum has been similar to Bitcoin, showing narrow fluctuations. Yesterday, the market fluctuated around 1950, testing the support at 1943 multiple times. In the evening, it rebounded and rose to 2015 but was resisted and fell back. Currently, the price is running near 2000. Although the four-hour candlesticks are bullish, they are still being suppressed by the MA60 above. The MACD is bullish with no volume, and the short-term market is still in a fluctuating trend, leaning towards a pullback. Pay attention to the support at 1980 below. Although the daily MACD is bearish, the market has not fallen, and the candlesticks are bullish. If the daily candlesticks can close above the MA14, there is still a demand for upward movement; otherwise, it will continue to fall. The intraday strategy is recommended to go long after a pullback and then short. Resistance above is at 2030-2080, and support below is at 1980-1940.
Disclaimer: The above content is for personal opinions only and is for reference only! It does not constitute specific trading advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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