2024.11.10 Market Analysis

Bitcoin Daily

Resistance Level Around 77500

Support Level Around 75000

Yesterday, the Bitcoin market fluctuated little over the weekend, which was expected, with an ups and downs of only 1.5%, and it did not break through the 77000 level. The closing yesterday was a small doji star, and it reached a high position, which may indicate a change in trend. At this time, do not chase the high; it is better to miss the opportunity than to chase high prices. If you have no positions today, you can appropriately open a short position around 77000, but be careful not to have too large a position. The trading strategy is to buy low and wait for a pullback; it won't keep rising. The bull market has arrived, but the bull market will also frequently show downward spikes. Every time there is a downward spike is a time to buy. Remember, whether you are in a long or short position, if you have profits, be sure to secure them and not be greedy. Remember to take profits. Wishing everyone a pleasant weekend [拳拳][拳拳][拳拳]

Ethereum Daily

Resistance Level Around 3200

Support Level Around 2960

Ethereum is quite wild and unpredictable; it seems that what you fear will come true. This week, I noticed that Ethereum has risen by 32%, and yesterday on the big weekend, it rose another 6.88%. Ethereum is becoming abnormal; I really did not expect it to be so difficult to break through 2800. Breaking through 3000 seems like a game; it shot up instantly without hovering around 2800. Brothers, do not easily short Ethereum; the more you short, the harder it is to go down. Ethereum has been quite unpredictable recently. Observe more and operate less; wait for a pullback to buy. If you have profits, remember to secure them and not be greedy. Wishing everyone a pleasant weekend [拳拳][拳拳][拳拳]

The above information is for reference only and does not constitute investment advice.