Analyst Chen Shu: 11.23 BTC, ETH market strategy at noon. Number 1, short-term stagnation, waiting for pullback opportunity to go long

On the afternoon of November 22nd, a long strategy was given for BTC at 9.8, and a long strategy was given for Ethereum at 3350. The midnight strategy once again gave a long strategy at 9.81/3200. How to operate the current short-term stagnation, please refer to the following analysis.

From the daily candlestick chart, BTC formed a small bullish cross star pattern between Sunday and Friday, and the daily candlestick has once again deviated from the MA5/10 moving average, with the long positions trend still strong. Looking at the 4-hour chart, the MA5/10 moving averages have converged, and the candlestick has consecutively formed green cross star patterns, indicating a trend of divergence between long and short positions. If the 4-hour MA10 moving average is breached, it will continue to test the 4-hour MA30 moving average support line. It is recommended to treat it with narrow range oscillations for the day.

From the daily chart of Ethereum, a green doji was also formed yesterday. The price failed to break through the previous high of 3400 and still looks bullish on Ethereum. Looking at the 4-hour chart, after consecutive green candlesticks yesterday, it once again returned above the MA5/10 moving average, indicating a return to a strong market. In terms of operation, it is still treated as a pullback long.

Midday operation ideas (drafting time: 12:30):

BTC: Light Position around 9.85, pullback to 9.75, increase the position, targeting around 9.9.

ETH: Light Position around 3330, multiple, pullback 3300 multiple, target 3260/3300

Note: Although short-term is stagnant, the trend of long positions is still there. On Saturday, Bitcoin was treated with narrow-range shock, while Ethereum can follow whether there is a rebound market on the weekend.

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