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[11.24 Morning Market Dynamics and Today's Views]
This morning, the market experienced a pullback and a rebound structure. ETH initially stabilized around 2761 before rising to 2866; BTC also rebounded from a low of 85902, reaching a high of 88016, showing an overall bullish rebound pattern after an hourly correction.
Key structure for today:
BTC: The 85550 level on the 4-hour chart remains an important support level. Last night's rebound confirmed the validity of the support in the 83400–86400 range. Currently, it is essential to observe whether the 88000–88300 area can hold effectively. If it breaks through with volume, the 4-hour chart may open up a new round of upward movement, targeting the 89500–90000 range. If it falls back below 86400 again, the probability of returning to range fluctuations increases, with support levels to watch at 85500/84800.
ETH: Yesterday emphasized that "RSI is oversold, and the pullback space is limited." After a quick rebound verifying this view, it retested 2761 in the morning session. Currently, 2823 has turned into intraday support; if it holds, there is hope to continue attacking the 2880–2900 area. If 2770 is not broken on the four-hour level, the structure remains healthy. If it breaks, it will turn into a consolidation, with attention on 2735/2705 below.
Trading Strategy Ideas:
In terms of spot trading, continue to maintain a full allocation strategy for mainstream coins. The current position still offers good value for money, and layout should be made in batches without chasing high prices.
In terms of contracts, you can rely on support to try a light long position during the day (BTC 86400/ETH 2823), with stop loss reference at the hourly closing below, and the target near the previous high. If there is a rebound to the key resistance area (BTC 88300+/ETH 2880+) and a signal of stagnation appears, you may consider partial profit-taking.
Emotional Reminder:
The market is still in the recovery stage, and one should avoid frequently switching directions. Adhere to the principles of "buying in batches, not over-leveraging, and rational operations," and patiently wait for the structure to become clear. #加密市场观察 #今日你看涨还是看跌?
(Personal trading log, for reference only, risk is borne by oneself)