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Liang Qiu: Bitcoin/Ether continued to fluctuate widely at 11.13, what is the intention?
Bitcoin/Ethereum has been experiencing a wide range of fluctuations between 3380-3580 and 101000-104000 these past few days. We have been continuously taking advantage of this wide range trend by selling high and buying low, and the overall profits are quite clear. In particular, I reminded everyone again last night to set up long positions at the 3380 and 101000 levels, and the market has successfully validated this with a steady rise amid fluctuations. Currently, after a rise, there has been some pullback, but the market is consciously being pushed higher and the trend is gradually strengthening. Friends who follow me should have some understanding. Everything is planned in advance. Each wave of success is not accidental, but a result derived from analysis.
From the technical structure perspective, looking at the four-hour chart, the Bollinger Bands are expanding and moving upwards. After a significant bullish K-line surge, a breakout phenomenon has formed in the short-term bullish trend, directly breaking the previous consolidation pattern. Although the coin price tends to correct in a sideways manner after a strong rally, there hasn't been much retracement along the way. The bullish trend remains relatively strong, and the K-line pattern shows an upward oscillating trend. The upper resistance levels are around 3580 and 104000, but there is continuous accumulation and retracement. Therefore, a small retracement can provide an opportunity to enter the market and go long.
Evening operation suggestions: Enter a long position for Bitcoin around 102000-102500, with a target near 104500; Enter a long position for Ether around 3460-3480, with a target near 3560. If it breaks, it can continue upwards to 106000 and the 3630 line.
[The above analysis and strategies are for reference only, please bear the risks yourself. The article review and publication do not have timeliness, specific matters are subject to real-time.] #CoinDesk11月报告Gate战绩来袭 #广场发币瓜分千U奖池 #XRP现货ETF将上线