Analyst Chen Shu: Bitcoin and Ethereum are consolidating at low levels on November 13th. Watch for a breakout from the current range; a rebound should be monitored for resistance at 10.5.

Analyst Chen Shu: 11.13 Bitcoin and Ethereum are consolidating at low levels; watch for a breakout from the range. For a rebound, watch the 10.5 resistance level. Looking at the daily chart, Bitcoin's price rebounded to above the 256-day moving average (MA256) a few days ago before quickly falling back below 10.5. The key resistance level for a short-term rebound is 10.5. Until it breaks through and holds, treat it as a weak consolidation. On the 1-hour chart, pay close attention to the 256-day moving average (MA256) at 10.38 as a key level for determining whether the market is bullish or bearish. Support levels to watch are 10.1 and 100,000. In the short term, observe whether the price breaks through and holds above 10.38 after a rebound. From the daily chart, Ethereum's daily trading range has narrowed. Short-term focus is on whether it can hold above the 5-day and 10-day moving averages. Major support levels to watch are the 256-day moving average at 3100 and the 30-day moving average on the weekly chart at 3450. On the 1-hour chart, it has broken above the 256-day moving average at 3480. If it can maintain this level, the next resistance levels are 3650/3700/3750. Midday Trading Strategy (Written at 14:00): BTC: Buy at the current price of 10.28 with a small position, add to the position on a pullback to 10.2, target 10.38/10.5; short at 10.5/10.6 with a small stop-loss. ETH: Buy at the current price of 3525 with a small position, add to the position on a pullback to 3450, target 3650/3750; short at 3700/3750 with a small stop-loss. Daily analysis strategy has a very high win rate! Analysis is not easy, so I hope you can give me a free follow, save, like, and comment. Thank you! Feel free to leave a comment below and I will reply to each one.