Analyst Chen Shu: Will 11.25 Bitcoin Ethereum Daily Line Stop Falling and Start a Rebound? Market Analysis and Trading Suggestions
From the daily chart of Bitcoin, it has rebounded for two consecutive days, closing with red candles and reaching the MA10 moving average. The key focus today is whether the rebound can break through and stabilize above the MA10 moving average at 8.9. If it breaks and stabilizes above 8.9, the rebound trend will continue; otherwise, we will see a correction in the rebound. On the hourly chart, the short-term key resistance level to watch is the MA256 moving average at the $90,000 mark, which can serve as a dividing line for long and short positions. It is expected to test above $90,000 and then retreat to continue oscillating and adjusting.
From the daily chart of Ethereum, the daily line has stopped falling at the low point of 2750 and has currently broken through to above the MA10 moving average at 2900. The upper resistance level to watch is the MA256 moving average at 3130. Pay attention to the price breaking through and stabilizing above 2930 before continuing to test 3130. On the hourly chart, the short-term is clearly under pressure from the MA256 moving average, with key focus today on the resistance situation at 2970.
Afternoon Trading Thoughts (Written at: 12:20):
BTC: Long at 8.73, add long on a pullback to 8.6, target 8.85/8.95; above 8.95/9.05 look for a pullback of 2000-3000 points.
ETH: Long at 2870, add long on a pullback to 2800, target 2950/3050; above 2980/3080 look for a pullback of 6-100 points.
Daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you, everyone, and feel free to leave comments below; I will reply one by one $BTC
