Bitcoin and Ethereum Midday Trading Recommendations and Direction Sharing on November 23



From the current market situation, Bitcoin ended its early morning downward consolidation, rebounding from around 84,200 to briefly stretch up to the 86,200 resistance area, then pulling back and fluctuating around 85,800. On the 4-hour chart, Bitcoin is in a continuous bullish trend with steady upward movement, indicating a stable slow growth pattern after the previous bottom. The Bollinger Bands, which had been trending downward, have started to show slight changes. The KDJ indicator is turning upward, and the current values are hovering in the middle of the overbought zone, which also reflects that the bulls currently have full control of the market. According to the MACD indicator: currently, a golden cross has formed below the zero axis, and as the green bars slowly expand, it shows the market is in a bullish rebound state. In summary, the short-term bullish trend is likely to continue, so Lao Zhao’s midday trading suggestion is to focus on buying on pullbacks.

Bitcoin: consider going long around 86,100–85,500, watch 87,500
Ethereum: consider going long around 2,820–2,790, watch 2,900 #BTC #ETH
ETH-0.31%
BTC-0.93%
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