Preface: Investment involves risks, please proceed with caution.
Article review takes time and there may be delays in publication. The article is for reference only, welcome to read!
Time of writing: 22:50, November 23, Beijing time
Market Information
- CCTV Financial Channel reported "The US government reached a settlement with Binance and Zhao Changpeng pleaded guilty to money laundering accusations";
- Indian Finance Minister: Countries need to establish effective mechanisms to control cryptocurrency assets;
- Raiffeisen Bank in Austria will launch cryptocurrency trading in January next year;
- The Monetary Authority of Singapore has issued regulatory measures for digital payment token services, prohibiting the provision of financing, margin, or leverage trading;
- JPMorgan International will launch the first tokenized fund in Asia;
Market Review
Last night, it was suggested that the price of Bitcoin had not rebounded to the target range of 36950-37300. The rebound occurred in the evening, and those who entered the market during the rebound made a profit. The highest rebound point for Bitcoin was at 37867, and it did not test the 38640 position. Ethereum rebounded as expected, with the highest rebound point at 2092, not reaching near 2130. The intraday market also showed fluctuations. In the evening, attention should be paid to the situation after breaking the high point for layout.
Market Analysis
BTC:
Looking at the 4-hour chart, although Bitcoin has broken through, the closing situation for the 4-hour intraday and evening is not very good, showing a doji and shooting star. There is a high chance of a downward trend in the evening market. The opportunity to test the 38640 position after the breakthrough is unlikely. The rebound range for Bitcoin in the evening is 36500-36100. It is advisable to go short with a light position. If the market returns above 37700, abandon the short position. Still, pay attention to the situation near the high point of 38640 for layout. Be prepared for both scenarios and seize the opportunity to enter the market. Short-term trading, manage risks, and take care of profits and losses.
ETH:
Looking at the 4-hour chart, although Ethereum rebounded and broke through the short-term high point of 2067, the rise during the day did not continue, closing with a doji. The chance of a further rebound to the high point of 2130 in the evening is not very high. The chance of a pullback in the evening has increased. The short-term pullback range for Ethereum is 1990-1965. It is advisable to layout a short-term position with a light position. If the market successfully rises above 2070, abandon the short position. Still, pay attention to layout near 2130 in the evening. Seize the opportunity to enter the market. Short-term trading, manage risks, and take care of profits and losses.
In summary:
The intraday market failed to continue the rebound, and the evening market is likely to decline before going long.
The article is time-sensitive, pay attention to the 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: A crying child has milk to drink. The key is I am not a "wet nurse", and I don't have a remote control to make the market, which is not to your liking, make a 180-degree turn.
There are "freeloaders" everywhere, hoping for someone to lead the way in business, and hoping 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. The thought is: I'm here to gamble. 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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