Old Yang from the crypto circle: 11.28 After the fluctuations, a breakthrough! Bitcoin/Ethereum bulls are gathering strength, a new round of market movement is on the way.

CN
2 hours ago

As a senior figure in the cryptocurrency space, I have been deeply involved in this captivating and challenging industry for many years. Having experienced the ups and downs of the crypto market and witnessed the rise and fall of countless cryptocurrencies, I have accumulated rich practical experience and unique market insights. Investing is a long-term practice, and this is especially true in the cryptocurrency space. Continuous learning and improving one's cognitive and judgment abilities are essential to navigate this challenging field steadily.

Bitcoin's daily candlestick chart reached a high of around 91,900. The technical analysis shows that the EMA15 is close to the current price, forming a short-term resistance at 91,600. The MACD has ended its contraction and is now expanding upwards, with the DIF and DEA completing a golden cross, indicating that bullish momentum continues to be released. For those who went short around 91,500, taking profits at 90,500 is a wise decision, as holding onto shorts now carries higher risks.

From a four-hour perspective, the candlestick is blocked by the EMA90 line at 91,500, with trend indicators contracting upwards, and key resistance focusing on 93,600. The MACD continues to expand, with the DIF and DEA breaking above the zero line into the upward zone. The candlestick is expanding upwards around the upper Bollinger Band, indicating a strong short-term bullish sentiment, and long positions can be held. However, if the main force fails to break through and stabilize above 93,500, timely profit-taking is necessary.

Short-term trading ideas for Bitcoin:

Long position layout: Go long in the range of 88,000 to 88,500, with a stop loss of 500 points, targeting 89,000 to 90,000 and 91,000.

Short position layout: Go short in the range of 93,500 to 94,000, with a stop loss of 500 points, targeting 92,500 to 93,000 and 91,500.

Short-term trading ideas for Ethereum:

Short position layout: Go short in the range of 3,100 to 3,150, with a stop loss of 50 points, targeting 3,050 to 3,000 and 2,950.

Long position layout: Go long in the range of 2,820 to 2,770, with a stop loss of 50 points, targeting 2,880 to 2,940 and 3,040.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific trading advice. Trading based on this information is at your own risk. Investment carries risks, and caution is advised when entering the market.

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