Three Knives: 11.8 Market Review and Trading Strategy

Even on Friday, the trend of Bitcoin has been like this, unable to stir up any big waves. The price has never refreshed the last low point, unable to rise significantly or fall hard. Throughout the week, it has hovered around the 100,000 integer level, seeming volatile, but in fact, there hasn't been much substantive change in the coin price.

I was originally thinking that if the non-farm payroll data was released on Friday night, I could take advantage of the emotional fluctuations, but in the end, it wasn’t released, making the market even more boring. Based on the oscillation rhythm of the past few days, the overall volatility over the weekend is expected to not exceed 5000 points. I had initially considered betting on "Black Friday," but now it seems that the probability of such an opportunity is also low. The weekend will mainly be sideways consolidation, and any major movements will have to wait until next week.

Technical Analysis (BTC)

The daily chart shows that recent fluctuations remain significant, with yesterday closing as a bullish candle with a long lower shadow, indicating that there is still buying support at lower levels.
From the hourly perspective, the trend shows a fluctuating upward movement, with the latest candlestick closing with a small gain, and short-term bulls have a slight advantage.

In terms of technical indicators:
• MACD (Hourly): DIF is gradually approaching DEA, and the red bars are starting to appear, indicating that the short-term bullish strength is increasing, but it is still necessary to pay attention to whether it can sustain a volume breakout.
• RSI (Hourly): Current value 53.52, located in the neutral to strong area, not yet in overbought territory, and there is still room for short-term continued oscillation upward.
• EMA System: EMA7 has crossed above EMA30, but the distance from EMA120 is still far, the trend has not yet completely reversed, and bulls still need further confirmation.

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🔹Three Blades 11.8 BTC trading strategy

1️⃣ Short in the range of 103500–102500, set stop loss above 104500, target 101000–100000
2️⃣ Long in the range of 99800–100600, set the stop loss below 98800, target 102000–103000

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🔹Three Blades 11.8 ETH trading strategy

1️⃣ Short in the 3450–3400 range, set stop loss above 3500, target 3300–3260
2️⃣ Long in the 3250–3290 range, set stop-loss below 3200, target 3350–3400

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📌 Disclaimer:
The above analysis and strategies are for reference only and do not constitute investment advice. Market conditions change rapidly, so please strictly control your position and stop loss. The publication time of the strategy may lag behind the market rhythm, so please execute specific operations in conjunction with the real-time trading strategy of San Dao.

—— Three Knives · Cryptocurrency Practical Expert
Ten years of experience in the financial market, focusing on mainstream cryptocurrencies such as BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, skilled in combining technical and fundamental analysis, maintaining a steady position, and rejecting emotional trading.
$BTC $ETH

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