Liang Qiu: Bitcoin/Ethereum Trading Strategy with Market Analysis (November 20th)

I placed buy orders for Bitcoin/Ethereum again last night at 2940 and 89500, with further buy orders at 88500 and 2900. Considering Bitcoin didn't break 88500, Ethereum didn't incur any stop-loss orders. However, according to the strategy, Ethereum should have exited at the lower end, while Bitcoin was just one step away from a lower end. The price rebounded to around 92800, potentially giving Bitcoin over 3000 points of upside. Currently, the price is rising rapidly, but considering the break of the daily low last night, there's likely to be some fluctuation. Watch the 94000 level for short-term resistance. The recent price action has shown significant volatility, forming long lower shadows and a choppy rebound pattern. The rapid rise after hitting the low last night indicates strong buying pressure. The current candlestick is a small positive line, with the price gradually recovering, but it hasn't yet broken through the previous high of 3080 and the minor resistance level of 93000. Further resistance lies at 3120 and the previous high of 93800. Technically, the MACD is in low territory, with the DIF and DEA lines near the zero line, indicating weakening bearish momentum and a potential shift to a bullish trend. A short-term rally followed by a pullback is expected, with further upward movement based on the strength of the pullback. Trading suggestions: Short Bitcoin around 92800-93300, target around 91500; Short Ethereum around 3060-3080, target around 2980. [The above analysis and strategies are for reference only; please bear your own risks. The article's review and publication may not be timely; please refer to real-time information.]