Li Ying Chat Coin: 11.9 Bitcoin (BTC) and Ethereum (ETH) latest market analysis
Family! The current price of Bitcoin is 76000, to be honest, it feels quite annoying. Look at this K-line, it just dropped from a high of 85000 into a pit, recently it has been grinding at the bottom of the pit, trying to climb up, but every time it rises a little, it gets knocked back down. Now at 76000, it's like a tightrope walker, with cliffs on both sides: if it breaks down, it falls into the abyss below at 74800, and if it can't rise, it just continues to lie low. Many people tend to panic at this time, wanting to buy the dip but afraid of buying halfway up the mountain, wanting to short but fearing that the main force will suddenly pull a big bullish line. In fact, now is a typical directionless time; we must not rush blindly, we need to wait for the market to find its own direction. The current situation is exhausting, and patience is more important than anything else. When you don't understand, just keep your hands steady; preserving your capital is the king’s way.
Long and Short Practical Strategies
Aggressive short long entry when it retraces to 75600-75800 stabilizes. Stop loss: below 75200. Take profit: around 76500
Conservative short entry: Resistance at 76200-76500 during the rebound. Stop loss: above 76800. Take profit: 75000-75500
Li Ying Logic: The big cycle is biased towards bearish, taking the rebound as a good opportunity to short. Do not go heavy on one-way bets, and set good stop losses to prevent breakdowns.
Ethereum
Family, Ethereum is currently priced at 2240, this market is simply like going through a catastrophe! The wave of rise on November 5 looked quite vigorous, but it directly came with a high pullback, a big bearish line brought everyone's profits and bullish confidence crashing down. The current trend resembles a running car with no fuel, trying to go up but unable to, just can only oscillate sideways, causing anxiety. From the chart, the price is stuck at 2240, with all the trapped orders above and nothing solid below. We retail investors must not rush in blindly now, and do not be anxious to cut losses; honestly watch the market, wait for the main force to clearly establish the direction, and then we can follow along. In this unclear oscillation market, whoever rushes in is merely a counterparty. Overall, the pressure around 2240 is extremely high, and it is very difficult to directly reverse in a V-shape in the short term; it is highly likely to continue to torment between 2220-2250.
Bearish strategy: Enter short directly when rebounding to the 2248 - 2252 range. Stop loss: set above 2265 to prevent sudden rise and liquidation by main force.
Bullish strategy: If the price retraces to the 2225 - 2229 range and stabilizes, attempt to go long, stop loss point: below 2215 must stop out.
The above content is exclusively original by Li Ying, please indicate the source when reprinting! Article publication reviews have a delay, market conditions change rapidly, the above suggestions are for reference only and risks are borne by individuals.
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