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Bitcoin and Ethereum Early Morning Operation Suggestions and Direction Analysis: 11/11
In the turbulent crypto world, we are the sailors navigating the waves. Do not fear the rises and falls of light ripples; they are opportunities quietly stirring your helm. Do not worry about the twists and turns in the Polkadot forest; they are weaving star maps for future bloom. Enter the market in the afternoon with orange signals; since Bitcoin is still in a consolidation phase, it is safe to land only in the evening. Bitcoin remains within a small 500-point range, while Ethereum also stays within a small 40-point range. The white candlestick consistently shows a bullish outlook with limited extension. After a slight gain from the orange long position, exit the trade.
From the current market perspective, the four-hour chart indicates a correction after two consecutive bearish candles, with Bollinger Bands showing clear selling pressure at the upper band. The yin-yang candlesticks have long upper shadows, suggesting some selling pressure above. However, the bulls still control the rhythm. On the one-hour chart, a large bearish candle dips below the middle Bollinger Band, breaking the short-term consolidation pattern. But after a correction to a key support level, quick entries by bulls aim to recover lost ground. Currently, the daily chart is dominated by bullish candles, indicating a gradual upward climb. The MACD lines remain bullish despite this pullback. Early morning trading advice continues to favor low buys after a retracement, following the evening strategy.
Bitcoin around 104,500-105,000 can be bought on dips, watch for around 106,500. Ethereum around 3,480-3,500 can be bought, with attention to 3,580-3,620.