Market Review

After experiencing yesterday's turmoil, we provided long positions near the current price through unique analysis and insights. Bitcoin directly initiated an intraday uptrend at the current price of 36112, and with the evening surge, Bitcoin reached the target of 36780, successfully achieving profit-taking and exiting. During the subsequent pullback, we once again advised entering long positions at the current price in live trading guidance (original text of the second arrangement is attached at the end of the article). Meanwhile, in the early morning, the SEC speculated on ETFs again: we have no reason to hinder Bitcoin spot ETFs. The market initiated a second surge, and Bitcoin directly broke through the short-term resistance level to reach 37448, leading to another precise profit-taking. With this, two successful arrangements secured over 1500 points of space for Bitcoin. It's just a pity that Ethereum did not provide a good entry opportunity, as its anchoring behavior is difficult to predict, resulting in missing this round of arrangement.

Intraday Bitcoin Second Long Position Profit-Taking

Market Analysis

In yesterday's article, we provided a comprehensive analysis of the overall impact of the event on the entire cryptocurrency market, so we won't go into detail here. The sword of Damocles that has been hanging over our heads for five years has finally fallen, but Ba still needs to move forward towards the stars and the sea. The foundation is now more solid than ever, and we believe that under the leadership of the new helmsman, Richard Teng, Ba will be more compliant and stronger in the future.

Intraday, the market is affected by the US Thanksgiving, leading to reduced circulation. We only need to return to the most basic market analysis. From the morning surge, it can be seen that there is resistance above in this short-term round. Without positive assistance during the day, it is difficult for the market to generate a new breakthrough. Therefore, during the day, we only need to focus on trading within the range.

Intraday Suggestions

Place short positions around 37400-37700 for Bitcoin, with a target of 37000-36700.

Place short positions around 2065-2085 for Ethereum, with a target of 2035-2015.

For more strategies, follow Yunshe Weibo, 500,000-follower financial analyst: Blockchain Yunshe

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