On Monday today, the BTC K-line has seen three consecutive positive trends in terms of form, with prices moving above the moving average. The overall strength of the trend is not significant, and prices have not broken the previous high points
On Monday today, the BTC K-line has seen three consecutive positive trends in terms of form, with prices moving above the moving average. The overall strength of the trend is not significant, and prices have not broken the previous high points. Therefore, the overall trend of rising is still advantageous, and what needs to be paid attention to is the strength and breaking points. In addition, it is important to emphasize, brothers, that trading must prioritize risk and strictly set stop loss and stop profit limits. It is not a one-time buying and selling, but rather a rational investment philosophy and correct trading philosophy. Seeking stability is always the king's principle of making money.
Technical analysis of Bitcoin (BTC) contract today:
Today, it was observed that the daily level of the large cycle closed yesterday in a K line form consisting of a negative line and a cross line. The price has undergone multiple trading days of consolidation at a high level. The attached indicators show a downward trend of dead cross in the merging of fast and slow lines. Historical data shows that the low support position for the retreat is in the 33300 area, while the high point is in the 36000 area. These two areas are the high and low points that need to be closely monitored this week.
In terms of the short-term hourly chart, there was a fluctuation after the price retreated this morning. The highest point appears in the 35400 area, while the lowest point is in the 34400 area. The prices are currently being consolidated horizontally. The K-line shape shows a trend composed of single negative and single positive, while the attached indicators show dead cross operation. However, according to predictions, there is a high probability that there will still be a volatile trend on Monday today. Although there may be some pullbacks in the short cycle, there is still an advantage in the large cycle of upward movement. Therefore, we will not consider breaking through positions, but rather focus on intervals.
Based on this analysis, today's BTC short-term contract trading strategy is to rebound short positions in the 34950 area, set a stop loss in the 35200 area, and target the 34500 area; When retreating to the 34500 area, the bulls enter and stop losing the 34300 area, with the target looking at the 35000 area.
On November 6th, technical analysis of Ethereum (ETH) contract: Today, the large cycle daily line level closed at a small positive line yesterday, with a K-line form of continuous positive and single negative, and prices above the moving average. The attached indicator gold cross runs, indicating a relatively strong trend trend. In addition, the morning price bottomed out and rebounded to pierce the previous day's high, while the support position for the moving average is in the 1850 area, which is the key to the bullish trend;
The short-term hourly chart shows a price retreat in the early morning, but it rose in the morning but did not break the high point of yesterday's US market. The current K-line pattern is continuously negative, with prices below the moving average and the accompanying indicator dead cross downward. Therefore, there is still a demand for oil retreat in the day. Therefore, today's ETH short-term contract trading strategy is to reverse the empty spot in the 1880 area, stop loss in the 1900 area, and target the 1855-1850 area; Withdraw more than 1850 areas, stop loss 1830 areas, target 1900 areas
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