Li Ying's Chat Coins: Latest Market Analysis of Bitcoin (BTC) and Ethereum (ETH) on November 12
Family! The current price of Bitcoin is 73550, the roller coaster ride is making my heart race! Many friends who just entered the market may wonder if it's time to buy the dip again, but the seasoned traders are trembling, fearing another waterfall drop could wipe them out. The current market sentiment is intensively fighting between bulls and bears, no one dares to make a reckless move. Don't panic, today let's set aside those nebulous predictions, and get straight to the point, using the most intuitive technical analysis to help you figure out whether this wave of market is a real pullback or a fake drop, keep your composure, we won't panic! Currently, the price is closely hovering around the lower limit of 72943, and the channel opening is slightly widening downwards, which usually signals a trend change or accelerated decline, but as long as the middle line at 75008 holds, there is still a chance for stabilization in the future.
Currently, it is recommended to focus on a defensive counterattack strategy, and strictly avoid chasing highs and killing lows, while controlling positions and ensuring stop losses:
Short-selling strategy: Light short near the 74000-74300 range, stop loss at 74800, target 72600 and lower.
Long strategy: Patiently wait for a pullback to stabilize around 72600-72900, and enter again when a lower shadow line or bullish engulfing appears. Stop loss at 72400, target 73500-74000.
Ethereum
Family, the current price of Ethereum is 2067, look at the chart, the price has fallen sharply from the previous high of 2449, recently resembling a kite with a broken string, searching downward for support. Although it broke the 2003 mark earlier today, it has since struggled to regain a little bit. This indicates that both sides are fiercely contesting near the psychological level of 2000. The current market situation seems like it's bottoming out, with many wanting to buy the dip being hesitant, while those holding short positions are afraid of an imminent reversal. The moving average system shows a perfect bearish arrangement. The current MACD shows that the DIF is below the DEA, and the bearish strength is waning. The Bollinger Bands have drastically expanded, with the price running closely along the lower limit of 2011. This is a typical oversold signal, indicating that the price is in an extremely weak zone, likely to trigger a technical rebound towards the middle line at 2071.
Short at 2080 - 2090, stop loss: above 2115, target: watch the previous low around 2010.
Long at 2000 - 2010, stop loss: below 1985, target: 2050-2100.
The above content is exclusively created by Li Ying, please indicate the source when reprinting! There is timing lag in article publication review, and market conditions change rapidly, the above suggestions are for reference only and at your own risk.
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