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📣Detailed Analysis of Bitcoin and Ethereum Trends on the Night of November 6 and Sharing of Perfect Strategies💰!
Yesterday’s trend experienced a slight rebound influenced by the small non-farm payroll data, which perfectly closed out the long positions I had planned. Currently, the trend is pulling back and consolidating, gradually beginning to recover!
【Four-Hour Ethereum Price Trend Analysis】
K-Line Pattern:
Recently, on November 5th, there was significant volatility, forming long lower shadows and large bearish candles, indicating strong selling pressure. However, the price rebounded to higher levels afterward, showing that buying momentum is gradually strengthening. On November 6th, the K-line displayed slight oscillation, closing slightly above the opening price, with both bulls and bears in a state of indecision in the short term.
Technical Indicators:
MACD: The MACD histogram has been gradually shrinking from negative territory. DIF and DEA are still below the zero line but show signs of converging upward, indicating weakening bearish momentum and potential accumulation by the bulls.
RSI: The RSI stands at 38.44, not yet in oversold territory but lingering at low levels, suggesting market sentiment remains weak and has not fully shifted into a strong trend.
EMA: The 7-period EMA (3400.41) is close to the latest price of 3393.18, exerting short-term resistance; the 30-period EMA (3554.21) and 120-period EMA (3828.75) are farther from the current price, indicating the overall trend remains bearish.
Volume:
Recent volume surged on November 5th to 157,317,788, accompanied by sharp price fluctuations, indicating active capital inflow or outflow. On November 6th, volume sharply decreased to 23,265,314, showing reduced market activity and a more cautious, wait-and-see attitude.
Night of November 6 Bitcoin and Ethereum Strategy Sharing (Take profit points at your discretion, try to avoid holding overnight):
Bitcoin: Suggest buying on dips around 102,700–102,900, with target levels at 103,600, 104,000, and 104,500.
Ethereum: Suggest buying on dips around 3,360–3,380, with target levels at 3,420, 3,450, and 3,480.
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