11.16 Strategy

Let the past be the past! Recalling the past only adds to the sadness. There is nothing unfair in the market, only an unfair heart. After breaking through to a new high this week, the coin price has been in a consolidation phase at a high level, with strong fluctuations. The pullback failed to materialize and closed at a high position. From the daily candlestick chart, the bullish trend remains strong. Currently, the retracement is gradually forming a higher support level, paving the way for the next breakthrough in a step-by-step manner.

From the 1-hour candlestick chart, last night, the price of BTC pulled back to the middle band of the Bollinger Bands and received support, then started to exert strength, running along the upper band of the Bollinger Bands, broke through the upper band of the Bollinger Bands and encountered significant resistance, leading to a pullback. The MACD lines are running upwards, but the upper pressure point is relatively low, showing a tendency of stabilizing trend. The energy of the price increase is currently relatively weak, suggesting a predominantly short position in the overall trend in the morning.

Morning Operation Suggestions:
BTC Watch for the 91500-92300 range, with a target of 89000-87000.
ETH: Look at the range of 3100-3120, with a target of 3060-3030#BTC #GateioInto11 #ETH