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Russia resumes negotiations with Ukraine; yesterday's long positions took profits cautiously, and we cut losses! 11.13 Bitcoin outlook
On November 12th local time, Russian Chargé d'Affaires in Turkey, Aleksey Ivanov, declared that Moscow is still "ready to resume direct negotiations with Ukraine." Since their meeting in Istanbul, Turkey, on July 23rd, the two countries have not held face-to-face talks. This indicates that Russia is showing strong sincerity in this negotiation effort. Yesterday, due to statements from several U.S. officials, the market experienced turbulence. U.S. stocks opened high and then declined, and cryptocurrency prices also faltered. Early morning long positions yielded good profits, and during midnight, there was continued bottom-fishing, which still offers some room!
Technical analysis shows that Bitcoin's daily chart has two consecutive down days, with Bollinger Bands trending downward, and moving averages in a bearish alignment. The KDJ indicator shows three lines trending upward, while the MACD lines are low and extending sideways. Volume indicators are relatively weak, possibly because the White House shutdown is nearing its end. This week, the outflow of funds from the spot ETF market has significantly decreased. Therefore, following the market trend, it’s advisable to focus on pullbacks for long entries!
11.13 Long position strategy:
Enter long at current price of 101,600-102,000 USD. Conservative traders can enter at 101,000-101,400 USD, with a stop-loss around 100,500 USD. Target around 103,000-104,000 USD. If broken, look for 105,000-105,000-107,000 USD, and move stop-loss accordingly to lock in profits!
Ethereum current price is 3370-3400 USD. Conservative traders can enter at 3320-3350 USD, with a stop-loss near 3280 USD. Target around 3500-3550-3600 USD. If broken, look for 3650-3680 USD, and adjust stop-loss accordingly!
11.13 Short position strategy:
Short one position at Bitcoin rebound of 106,500-107,000 USD, with a stop-loss near 107,800 USD. Target around 105,500-105,000 USD. If broken, look for 104,500-104,000 USD, and move stop-loss accordingly!
Short one position at Ethereum rebound of 3650-3680 USD, with a stop-loss near 3720 USD. Target around 3600-3570-3550 USD. If broken, look for 3530-3500 USD, and adjust stop-loss accordingly!
The White House shutdown not ending yet, so market panic may persist. Additionally, with no data released for several days, there is significant internal debate within the Federal Reserve regarding interest rate cuts. Historically, during prolonged White House shutdowns, markets tend to panic and pull back, but after the shutdown ends, a rebound often occurs. So, be cautious with stop-losses and avoid panic selling! #广场发币瓜分千U奖池