Analyst Chen Shu: November 10 Bitcoin and Ethereum Market Strategy *No. 1, New Highs Ignite Market Bulls, Targeting $80,000

On November 9, the analysis provided a range trading strategy, but on Saturday, there was a slight increase that broke new highs. Today, it has once again surpassed the $79,000 mark and is about to break $80,000. The market remains extremely strong. For the current short-term continuous new highs, please see the analysis below. From the daily chart of Bitcoin, after three consecutive trading days of small doji candles, it has once again surged strongly today, closing with a large bullish candle and continuously breaking new highs. The market is now completely dominated by bulls, and there are no pressure levels to reference in the short term. It is recommended to continue to treat this as a long position without considering any short strategies. For a more conservative approach, one can wait for a slight pullback before going long. As for Ethereum, it is currently rising independently of Bitcoin, and there will be opportunities for it to catch up later. Today, the catch-up may be seen above $3,350. The strategy here is also to view it as a bullish position.

Midday Trading Strategy (Written at: 13:30):

BTC/ETH: For aggressive traders, a slight pullback of a few hundred points in Bitcoin is enough to participate in a long position. For a more conservative approach, focus on going long after a pullback on the 5/15 minute charts. For Ethereum, a slight pullback is also recommended for a long position. Today, Ethereum can be expected to catch up with an additional rise of 150 points from the current $3,200 level.

Note: The short-term daily chart is completely dominated by bulls, and shorting is not recommended at this time. A pullback presents a buying opportunity. Bitcoin breaking $80,000 is imminent, while Ethereum's short-term bullish target is above $3,500. Just go long on pullbacks.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

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