Analysis of the midday market on 11.19.


Japan's rate hike immediately triggered a rally, but now the shadow of the AI bubble is looming over the entire risk asset market. Recently, after two positive signals (Waller's statement + CPI data) boosted the market, a sharp downturn followed, especially for ETH. The overall market outlook remains optimistic. From the 4-hour chart, the candlesticks have already broken through the middle band of the Bollinger Bands and are trading above the middle band. The KDJ indicator has formed a golden cross and is trending upward. Currently, it is trading around 87,000.
BTC trading suggestion: Go long at 86,300, take profit at 88,000, stop loss at 85,500 or wait until the press conference is fully concluded before entering the market.
ETH1.81%
BTC0.76%
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0xBitvip
· 12-19 04:17
Thanks for the analysis
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