Today is November 10th, and another new week has begun. I wish everyone a prosperous week ahead. Now, let's take a look at today's wealth code.

What points should we focus on in the current market? After all, there is a nearby resistance level at 117,300, and further up at 108,000. So, strictly speaking, the target range we should be looking at for this wave of market movement should be between 110,700 and 111,200.

Since the big coin has already moved in this direction, we should aim for this target: 110,700-111,200.

This is also the point where we can short. Currently, the direction of this bullish trend has clearly not ended at this position. From the daily chart downwards, all cycles are bullish, except for the weekly chart, which is showing some weakness. Therefore, there is still a chance for the overall smaller cycles to push higher, and when reaching the upper levels, there will also be opportunities to short.

As for the second coin, we need to pay attention to the level of 3,650, which has been the first resistance level we've been focused on these past two days. It has now reached this level. Just yesterday, we provided a long position at 3,391, informing friends that once 3,470 is confirmed to break, the target would be 3,650. So, for this wave of market movement, all partners who held on have already made profits, and they have indeed benefited. The long position at 3,391 reached a low of 3,380. We entered long at 3,391, with 3,380 as our stop loss, and once it broke 3,470, the target was directly set to 3,650.

So, the target has already been reached as originally expected. We planned to enter a short position at 3,650, but after looking at the market this morning, it seems quite strong, so we will not take the short position at 3,650.

Where should we short next? The first position is 3,740. If what Chen Long said is true, this 3,740 is comparable to the big coin's levels of 107,300 and 108,000.

If the big coin really aims for 110,700 and 111,250, then the second coin needs to reclaim the level of 3,915 to be a reasonable short position. The level of 3,740 can also be shorted, but we need to operate at good points. Currently, the direction has already shown a bullish trend, and all smaller cycles have also shown bullishness, resonating strongly, which means we can continue to go long on pullbacks.

However, the weekly chart does not look very good, and there are still opportunities to short, but this wave's target has not yet been reached.

So, in terms of the current market, the larger cycles are still quite frightening and scary, while the smaller cycles are bullish.

For those who may not grasp the rhythm well, including precise points and important key levels, and if you are not sure about the critical dividing line between long and short positions, please pay attention to the public account BTC-ETH Crypto.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。