Analyst Chen Shu: 11.17 BTC, ETH market strategy at noon *1, ETH long successfully took profit, follow 8.95 gains and losses within the day

Midday analysis on November 16th provided a long order strategy, with a long order around 90,000 for Bitcoin and 3065/3040 for Ethereum. The rebound of BTC is relatively weak, while Ethereum perfectly reached the take profit point after getting on board, gaining 100 points with the long order. Currently, it is operating in a narrow range at a high level in the short term. See the following analysis for how to operate.
From the daily chart of BTC, it can be seen that on Saturday, the price continued to stay above the MA5 moving average, and the price may continue to follow this trend during the day. Looking at the overall market situation on the 4-hour chart, it is oscillating around the MA5/10 moving averages and maintaining operation above the MA30 moving average, following whether the support of the MA30 moving average (8.95) is effective. If it falls below this line, it may experience a short-term pullback correction in the market; if it holds, it will continue to maintain a high-level consolidation.
From the daily chart of Ethereum, the overall market continues to run above the MA256 daily moving average (3060). The dividing line between short-term bulls and bears is at this line. If it is lost, it will fall into a pullback to test the weekly MA30 moving average (2960), and if it is held, it will wait for the market to choose a direction.
Midday operation ideas (drafting time: 16:00):
BTC: Many Light Position near 8.95, many increase the position near 8.88, target is to see 92,000
ETH: Treat it as a range-bound oscillation between 3200-3050. Wait for a breakthrough and follow the direction of the breakthrough to operate.
Note: BTC short term fluctuates and adjusts around 90,000-92,000, and the market has not given a direction to choose from. Short-term support can follow the 4-hour MA256 moving average (8.95), and Sunday's market can wait for the evening fluctuation adjustment, follow the market trend, and refer to the high point position of the 4-hour fluctuation for the resistance level.
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