Analyst Chen Shu: On 11.21 at noon, BTC and ETH market strategy *1, longs continued to break high and continue to Longbullish!

On November 20, the midday analysis gave long and short strategy ideas. BTC gave a long position at 9.18, and Ethereum gave a strategy in the range of 3050-3160. BTC steadily pumped while Ethereum maintained a weak oscillating market. Currently, it continues to break through highs and move up slowly. Please refer to the following analysis for how to operate.

From the daily chart, BTC has been collecting red Candlesticks for three consecutive days and continuously breaking new highs. Although there is no significant pump in long positions, the market is still dominated by longs and the pump trend is obvious. Looking at the 4-hour chart, the 4-hour MA30 moving average emphasized in previous articles has not been breached, and the price is relying on the 4-hour MA30 moving average to pump. In terms of operation, it is recommended to use the 4-hour MA5/10 moving averages as entry points for long positions, and the MA30 moving average as a defensive point to go long and bullish. There is currently no topping signal, so it is advisable to abandon the idea of shorting.

ETH square from the daily candlestick chart, yesterday again stepped on the daily candlestick MA256 daily moving average to keep, as mentioned in yesterday's article if the 3050 is guarded again, then the short term will return to the Reboundlongs market, with the continuous breaking trend of BTC, ETH square can also look forward to the recent rise in the market, it is recommended to take 3050 line Long.

Midday Operation Ideas (Drafting Time: 12:00):

BTC: Around 9.55, Light Position is long, pullback to 9.35, increase the position is long, targeting above 9.6;

ETH: More Light Position around 3050, target 3160/3200

Note: The trend of BTC short-term long positions is very obvious, the daily candlestick level MA5/10 moving averages are steadily rising, the 4-hour level is also clearly bullish, just that there has been no significant pump action in volume in recent days, but it does not affect the current strong bullish trend. Therefore, you can go long on pullback, and the long position is at the 4-hour MA5/10 moving averages!

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