Market analysis on November 14, 2024
Daily line of Bitcoin
Pressure level near 93,000
Support level near 87,000
Bitcoin hit a new high yesterday and created history again. The highest level reached near 93,263, getting closer and closer to the big target of 100,000 US dollars. Yesterday, it exceeded expectations again. The pressure level given yesterday was near 90,000, which was strongly broken. This round of Bitcoin has been missed. Don't chase high. It's better to miss it than to chase high. At least you can guarantee that the principal will not be lost. You can keep a small short position at a high level for a long time. The position should not be too large. Anyway, the option will not explode. Today's support level is near EMA5 daily line 87,000. You can do long here for a long time. The big trend is still upward. The market has fluctuated greatly recently, which is more suitable for long and short opening. If there is a profit, stop profit and make a profit. As long as the fluctuation exceeds 3%, both long and short will make a profit. It is also an advantage of options. I wish you all a happy life on Thursday. Ethereum daily line
Pressure level near 3330
Support level near 3050
Yesterday, Ethereum first pulled back and then rebounded, and the highest rebound reached near 3330, which is also near today's pressure level. Today's support level is near 3050 of the daily EMA10 daily line. Every pullback of Ethereum is an opportunity to go long. You can go long boldly and don't open short easily. There is still a lot of room above Ethereum. Ethereum 12-hour MACD has a tendency to form a dead cross. Let's see if a dead cross can be formed in the next two days. Even if a dead cross is formed, don't go short when it falls. Wait until it falls to the support level and go long boldly. The idea of doing orders is to go long at a low price. If you have a short order, stop profit. Don't be greedy. I wish you all a happy life on Thursday.
The above information is for reference only and is not an investment advice.
