Crypto Circle Yuelin 11.11 Monday, Bitcoin, Ethereum Morning Strategy!
Good morning to all friends in the crypto circle, I am your lucky goddess Yuelin. Monday is the launch day of a new week. No matter what was left behind last week, today is an opportunity to refresh yourself and start anew. Let's embark on this seven-day journey to double our gains with smiles and hope!
The thoughts in the early morning are once again accurate, with Bitcoin's price rebounding from a dip to 78500 and breaking new highs again. This pullback has touched the golden ratio and provided room for decline. There are 19 days left for the annual K-line to close, and within these 19 days, Bitcoin is expected to reach the 90,000 mark.
Currently, Bitcoin's trading volume continues to rise, and in the 4-hour chart, the breakthrough at 81000, accompanied by the intersection of high points, the middle track, and the trend line, has become a key position for short-term bullish outlook. As long as the price remains above, the bullish trend will not change. During the day, pay attention to 83000, with short-term support at 79500. The MACD in the attached chart is showing a death cross with reduced volume, while the KDJ golden cross has already formed on the technical side. Overall, Bitcoin can be positioned for long trades with a slight pullback.
Monday Morning Operation Strategy:
BTC: Pull back to 79000-79500 for a target of 81700
ETC: Pull back to 3145-3125 for a target of 3300
Of course, technical indicators are just for reference. If you lack direction, remember to follow Yuelin and keep up with my steps. Yuelin may not guarantee you a hundred successes, but it can definitely help you avoid losses and take fewer detours!
