11.20 Brother Chao's Evening Thoughts

Good evening everyone. In the early morning, BTC surged all the way up, reaching a peak near 94,000, and then pulled back. Overall, the trend remains stable above 90,000. As the highs continue to refresh, the bulls will once again exert their strength.

Currently, the high is not really high, and 100,000 is just around the corner!

From a technical structure point of view, the bulls are once again gaining strength. The daily line structure still shows a strong pattern, with pullbacks being absorbed by upward movements. There are not many opportunities for the bears to perform; the upward trend is already intact. In a strong structure, pullbacks are merely adjustments to gather strength, so in the future, Brother Chao suggests that we still follow the trend and take advantage of the pullbacks!

Operating Suggestions:

Bitcoin pullback: around 92,500-93,000, looking to 94,000-95,000

Ethereum pullback: around 3,080-3,100, looking to 3,150-3,200