Analyst Chen Shu: On November 15th, Bitcoin and Ethereum continued their weak and volatile trading on the daily chart. Watch for a breakout above the resistance level.

Analyst Chen Shu: On November 15th, Bitcoin and Ethereum continued their weak and volatile trading on the daily chart. Focus on breaking through resistance levels. Looking at the daily chart for Bitcoin, another large bearish candlestick appeared, with the price falling to a low of around 9.4. The daily chart currently shows a significant deviation from the 5-day moving average (MA5). Also, pay attention to whether the weekly MA60 (MA60) at 9.85 can be broken and held. On the 1-hour chart, the price has broken above the MA5/10-day moving averages and is testing the MA30 (MA30) at 9.65. If a significant upward move occurs with increased volume, the short-term pullback will likely end. Also, monitor the 4-hour MA10 (MA10) breakout. Looking at the daily chart for Ethereum, the price remained around the MA256 yesterday. Short-term focus remains on the support level around 3100. As long as this level holds, short-term long positions can be considered based on the 3100 support level for a rebound. On the 4-hour chart, the price is currently oscillating around the MA5/10-day moving average. Watch for a breakout and hold above this level. The resistance level to watch is 3260. Midday Trading Strategy (Written at 2:00 PM): BTC: Buy at the current price of 9.6, add to the long position on a pullback to 9.5, target 9.75/9.85; consider shorting above 9.8. ETH: Buy at the current price of 3160, add to the long position on a pullback to 3100, target 3250/3400; consider shorting around 3300/3400. Daily analysis strategies have a very high win rate! Analysis is hard work, so please give a free follow, save, like, and comment. Thank you! Welcome to leave comments below for discussion; I will reply to each one.