Yesterday was bullish and made money, the monthly line is consolidating at a high position, and the coin price has stopped falling and is cautiously rebounding while selling with bearish market! 11.1 BTC ETH strategy.

The Federal Reserve is expected to begin expanding its balance sheet again early next year, which will help alleviate investors' concerns about the huge borrowing needs of this globally most important economy. The Fed officials officially ended their three-year quantitative tightening program on Thursday, and Chairman Powell acknowledged that the central bank may soon become the main buyer of U.S. Treasury bonds again. Yesterday's bullish outlook was in line with expectations, and those who can make money should follow along! Those who are in can move their stop losses to lock in profits!
The four consecutive daily declines were halted this morning. Although funds have continued to flow out of the spot ETF market this week, BTC dropped below 107,000 and ETH fell below 3,700 before quickly rebounding. Currently, BTC is above 110,000, and ETH is consolidating around 3,850, showing signs of a stop in the decline from a technical perspective. Therefore, Conan suggests focusing on buying the dips for intraday trading!
11.1 Long Position Strategy:
BTC retracement 108200-108700 continue to go long, for those who are more conservative, enter at 107200-107700, defend around 106500, target 109500-110000-110500-111500, if it breaks, target 112000-113000-113500, continue to adjust stop-loss based on the situation!
Continue to go long on ETH pullback at 3770-3810, for conservative traders enter at 3700-3740, with a stop loss near 3670, target looks at around 3850-3880-3900, if broken look at around 3930-3960, continue to move stop loss based on the situation!
11.1 Short Position Strategy:
BTC 1112500-113000 attempt to enter short, defend around 113600, target look at 111500-111000-110500 nearby, break point look at 110000-109500.
ETH Rebound 3970-4000 try to short one hand, defend around 4035, target look at 3920-3900, break position look at 3870-3850
The funding in the crypto market has been very poor recently, with spot ETF funds continuing to flow out this week. The escape of funds may be related to the Federal Reserve ending its quantitative tightening policy, coupled with the strong performance of US stocks and precious metals, which is clearly attracting accumulation. However, the coin price has dropped significantly from its highs, and there may be large funds entering to pump the price, so everyone should be cautious about selling with a bearish market! #参与创作者认证计划月领$10,000