Trader Gu Jingci: Evening Bitcoin/Ethereum Trading Strategy and Market Analysis on November 9

Bitcoin/Ethereum have been declining since early morning, followed by narrow-range consolidation, showing a clearly weak overall trend. However, the sharp drop to support levels around 73,000 and 2,050 during the early hours represents key prior support zones, and no break below these levels has occurred yet, so no breakdown treatment is made. Our long positions set during the daytime were advised to lock in profits or exit with small gains during the evening rally. Currently, on the 4-hour chart, repeated downward spikes followed by rebounds indicate buying interest at lower levels, suggesting that short-term selling pressure has eased, and the market is entering a consolidation phase or preparing for a rebound. On the daily chart, a large bearish candle with a long lower shadow has formed, confirming the exhaustion of short-term downward momentum. The market shows hesitation at lower levels, possibly signaling a short-term rebound or consolidation. Technically, on the 4-hour chart, both MACD’s DIF and DEA remain below the zero line and continue diverging downward, while the MACD histogram remains negative and continues expanding, indicating that bearish forces remain extremely strong, and the short-term downtrend remains unchanged. Evening trading recommendations: Enter long positions at Bitcoin around 73,500–74,000, targeting 75,500; Ethereum around 2,080–2,100, targeting 2,150. Key support levels are 73,000 and 2,050. Analysis and strategies are for reference only; risks are borne by the individual. The article's review and publication lack timeliness—actual trades should follow real-time data!