Cryptocurrency Market Analysis: On November 15, Bitcoin and Ethereum fell below important support levels. Can the bearish trend continue? Latest market analysis and trading strategies.

CN
5 hours ago

Self-discipline hides infinite possibilities in life, and its depth measures the height of life. Every step taken deeply resonates, and the more disciplined one is, the further they go. I am Fuzhu, deeply engaged in analyzing mainstream cryptocurrency trends, breaking down market logic based on professional accumulation, and providing pragmatic trading ideas.

Trading in the cryptocurrency market is not an overnight effort, but a long-term practice that requires patience. Do not let short-term gains and losses disrupt your strategy. As long as the direction is certain and the timing of trades and market fluctuations are accurately grasped, the win rate will steadily improve. Investment is also a journey of growth, and I hope to encourage fellow cryptocurrency friends: improve while operating, review and reflect on gains and losses, deepen risk awareness, and calibrate mental coordinates, so as to calmly avoid risks and grow into mature investors.

The foundation of trading is survival; profits are merely a natural reward. Before every trade, it is essential to examine the operational logic and the safety of the principal, refining and optimizing a personalized trading system. My advice may not help you get rich overnight, but it can guide you in the long run—only those who firmly establish themselves in the cryptocurrency market and persevere until the end can achieve their desires.

Remember, the darkest hour is just before dawn. On the road to pursuing your goals, you are never alone. I am willing to walk alongside you towards the light.

As of the time of writing, BTC's high point is around 96846, and the low point is around 94558. BTC directly broke below the 100,000 mark yesterday, hitting a low of 94000, which essentially washed out most of the bullish positions. From a larger cycle perspective, the downward space is also limited, and in the short term, it will hover around the 100,000 mark. In terms of operations, focus on structural trends; if it breaks below the weekly support level, the bears will exert force again.

On the daily level, a bearish candle was formed yesterday, but the volume did not increase. The Bollinger Bands continue to open downwards, supported by the lower band at 94000. On the 4-hour level, a divergence appeared, with the Bollinger Bands opening downwards, suppressed by the middle band at 100000.

Operational suggestions: Light short positions near 100000, with targets of 98000-95000. Light long positions near 94000, with targets of 96000-98000. Market conditions are ever-changing, and specific operations should be based on real-time strategies.

As of the time of writing, ETH's high point is around 3194, and the low point is around 3110. Ethereum is more volatile than Bitcoin, directly breaking recent support and then starting to oscillate within a range, maintaining this oscillation over the weekend. From a larger cycle perspective, Ethereum has entered a convergence phase, and the next step is to see how it breaks out. Currently, being able to grasp this structural trend is also quite good.

On the daily level, a small bearish candle was formed yesterday, with insufficient volume. The MACD volume is sluggish, and the Bollinger Bands still open downwards, supported by the lower band at 2950. On the 4-hour level, volume is shrinking, KDJ is showing upward divergence, and the Bollinger Bands are opening downwards, breaking through the middle band at 3300.

Operational suggestions: Light short positions near 3250, with targets of 3200-3120. Light long positions near 3110, with targets of 3160-3230. Market conditions are ever-changing, and specific operations should be based on real-time strategies.

Disclaimer: The above content is purely personal opinion, and the strategies are for reference only and should not be used as investment basis. Any risks taken are at your own discretion.

This article is exclusively provided by Fuzhu in the cryptocurrency circle and represents only Fuzhu's unique perspective. Please indicate the source when reprinting. Manage your positions reasonably when trading, and avoid heavy or full positions. May my analysis serve as a lighthouse in the vast sea of the cryptocurrency market, guiding you on your journey.

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