Liangqiu: 11.27 Bitcoin/Ether trading strategy with market analysis
Bitcoin/Ethereum surged overnight again, reaching a high of 91800 and 3069. Our short positions from 90500 and 3030 to 3050 are still in place, and there were even additional buying operations during the rally. After Bitcoin hit the high of 91800, it began to pull back, which aligns with the previously mentioned resistance around 92000 to 92500. Since the market has moved to this point, let's directly enter the market. The four-hour level shows a stagnation after the rally since early morning, and on the daily chart, it has reached the vicinity of the dense trading area of the previous entities. Pay attention to the resistance situation at this position to see the pullback.
Trading strategy: Short Bitcoin at the current price of 91100 to 91500, target around 89000; Short Ethereum at the current price of 3040 to 3050, target around 2960.
[The above analysis and strategy are for reference only. Please bear the risks yourself. The article's review and publication do not have timeliness, and specifics are subject to real-time information.]
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Liangqiu: 11.27 Bitcoin/Ether trading strategy with market analysis
Bitcoin/Ethereum surged overnight again, reaching a high of 91800 and 3069. Our short positions from 90500 and 3030 to 3050 are still in place, and there were even additional buying operations during the rally. After Bitcoin hit the high of 91800, it began to pull back, which aligns with the previously mentioned resistance around 92000 to 92500. Since the market has moved to this point, let's directly enter the market. The four-hour level shows a stagnation after the rally since early morning, and on the daily chart, it has reached the vicinity of the dense trading area of the previous entities. Pay attention to the resistance situation at this position to see the pullback.
Trading strategy: Short Bitcoin at the current price of 91100 to 91500, target around 89000; Short Ethereum at the current price of 3040 to 3050, target around 2960.
[The above analysis and strategy are for reference only. Please bear the risks yourself. The article's review and publication do not have timeliness, and specifics are subject to real-time information.]
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