#美国ADP就业数据表现超出市场预期 November 11 morning observation

Last night there was a consistent signal for a long position opportunity. Although it didn't rally immediately, the key level was held. Now, after a pullback, it has started to rebound. This kind of movement is actually quite healthy—the bulls are accumulating strength; it just requires a bit of patience. For those holding positions, stay steady and let the bullets fly for a while.

How to read the market?

On the hourly chart, after the price hit the bottom, it did not continue to fall, but quickly pulled back to oscillate near the middle track. The trading volume is decreasing, the channel is flattening, and the moving averages are entangled together. This kind of movement is a typical oscillation repair, with the bulls adjusting the rhythm, which is not a bad thing.

The four-hour level is more obvious: after stabilizing at the mid-channel, it began to rise sharply, the channel opened upward, and the volume is also expanding, with moving averages slowly trending upward. The accumulation in the lower time frame has been completed, and the upward correction has continuity. There may be fluctuations in between, but this is a normal rhythm.

Trading Plan Reference

One can consider buying in the range of 105500-106000, looking at the space of 107000-108000.

Open long positions for Ether around 3530-3560, with a target of 3600-3660.

The idea is simple: short-term fluctuations do not change the bullish direction, mainly buy on dips. If the key support holds, just hold on and don't be shaken off by small fluctuations. When the trend picks up, patience will be rewarded.

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