Evening thoughts released on November 12:
In the current market situation, it is not necessary to focus on the K-line status, but if we want to be logical and evidence-based, we must conduct an analysis from a technical perspective.
First, from the current market view, after Bitcoin refreshed the historical high of 90070, there was a brief pullback. In my opinion, this is a good phenomenon because I mentioned yesterday that a pullback is an opportunity for us to go long. However, it is important to note that only the opportunities that can truly be seized count as opportunities; otherwise, they are just empty talk.
Looking again at the four-hour chart, the trend of bullish energy is quite obvious, and the pullback has begun to show signs of fatigue. Therefore, the evening's strategy is still to go long based on the pullback.
Recommendations are as follows:
Go long on Bitcoin in the 88000 - 88500 range, with a target price of 90500 - 91000;
Go long on Ethereum in the 3350 - 3370 range, with a target price of 3480 - 3500.
Follow me to check the homepage introduction and start your wealth journey!
