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Liang Qiu: Bitcoin/Ethereum's trading range narrowed on November 19th, with multiple pullbacks indicating a bottoming process and an impending upward move.

2025-11-19 15:02:24
Shareshare

The Bitcoin/Ethereum long positions we initiated during the daytime session at 90500 and 3020 rallied to 3110 and 92000 respectively, before entering a narrow range with poor continuity. Ethereum weakened initially but didn't break the daytime low of 2990. Our later long positions at 91200 and 3060 reached a low of 3020. With proper position sizing, these positions could have been added to anticipate further upward movement. On the 4-hour chart, Bitcoin/Ethereum has been a pattern of repeated rallies and pullbacks after falling from previous highs, forming a volatile consolidation. The lows are gradually rising, especially for Bitcoin, indicating a strengthening trend. This suggests that bulls have begun to actively enter the market at the bottom, building support. The price is currently steadily moving upwards, and any short-term pullbacks present opportunities. Looking at the hourly chart, the downward momentum is weak, with decreasing selling pressure and increasing bullish momentum, providing impetus for further gains. This confluence of signals across multiple timeframes further supports this upward trend. Evening trading suggestions: For Bitcoin, long positions at 91200 can be held patiently or re-entered on pullbacks. For Ethereum, continue to go long at 3020-3040, with targets around 3150, 90000, and 2980.

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