Analyst Chen Shu: On November 13, Bitcoin and Ethereum are consolidating at low levels, pay attention to the breakout of the range, and focus on the resistance at 10.5 during the rebound.

CN
4 hours ago

Analyst Chen Shu: On November 13, Bitcoin and Ethereum are consolidating at low levels, pay attention to the breakout of the range, and focus on the resistance at 10.5 for the rebound.

From the daily chart of Bitcoin, after the price rebounded above the daily MA256 moving average in the past few days, it quickly fell back below 10.5. The key resistance level for the short-term rebound is this line at 10.5. Until it breaks and stabilizes above this level, treat it as a weak oscillation. On the hourly level, the short-term focus can be on the MA256 moving average at 10.38 as a watershed for long and short positions, with support levels at 10.1/100,000. For the short term, first look for a rebound to 10.38 and then observe the breakout and stabilization situation.

From the daily chart of Ethereum, the oscillation range is weakening, and the short-term focus is on whether it can stabilize above the MA5/10 moving averages. The major support below still focuses on the MA256 moving average at 3100, as well as the weekly MA30 moving average at 3450. On the hourly level, the short-term has currently broken above the MA256 moving average at 3480. If it can continue to stabilize above this level, then look up to the resistance levels at 3650/3700/3750.

Midday trading strategy (writing time: 14:00):

BTC: Current price 10.28, take a small long position first, add to the long position on a pullback to 10.2, target 10.38/10.5; above 10.5/10.6, set a small stop loss for a short position.

ETH: Current price 3525, take a small long position first, add to the long position on a pullback to 3450, target 3650/3750; above 3700/3750, set a small stop loss for a short position.

The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment, thank you all, and feel free to leave a message for discussion below, I will reply one by one.

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