Liang Qiu: 11.16 Bitcoin/Ether long order taken, continue to enter long on pullback.

The overall volatility of Bitcoin/Ethereum over the weekend was not significant. Last night, we positioned long orders for a pullback from 3130 to 3150, which surged to the 3230 line in the early morning, capturing a total of 80 points. Currently, the market has pulled back again, and if it tests the bottom multiple times without breaking the lower support, the market will have the opportunity for a rebound. This week has seen considerable volatility, and the space for the strategies laid out previously can be observed. Whether it's the earlier waterfall drop of short orders or the decisive bottom fishing for longs at 3100, decent space can be captured.

Currently, the K-line pattern shows a recent price fluctuation and downward trend, with high points gradually decreasing and low points constantly being refreshed, and the overall volatility is narrowing. The daily line has a long upper shadow and a significant pullback, indicating heavy selling pressure above. In the following days, the K-line entities are smaller, and market sentiment is cautious. In terms of technical indicators, in the 4-hour cycle, the MACD is below the zero line, the histogram is shortening but still negative, showing that the bearish strength is weakening but has not yet turned strong. The focus in the future should be on the support levels at 94000 and 3050.

Trading suggestion: Long order for Bitcoin around 94300 to 94800, target near 96500; Long order for Ethereum around 3100 to 3130, target near 3230.

[The above analysis and strategies are for reference only, please bear the risk yourself. The article review and publication may not be timely, please refer to real-time information for specifics]#Gate10月透明度报告出炉 #CoinDesk10月Gate战绩来袭 #美国结束政府停摆