The longest pause in the White House has ended, and the dense data next week will definitely lead to a market explosion! 11.16 BTC ETH ideas

On the evening of November 12 local time, U.S. President Trump signed a temporary funding bill for the federal government, ending the longest government shutdown in U.S. history which lasted 43 days. After the shutdown ended, economic data continues to suffer from chaos. On Friday, the U.S. Department of Commerce announced that the revised value of GDP for the third quarter will be released on November 26 at 21:30, while personal income and spending data and the PCE index for October will be issued on the same day at 23:00. The U.S. Department of Labor stated that the non-farm payroll report for September will be released next Thursday at 21:30, while the real wage data for September will be published on November 21. However, it is uncertain whether the consumer price index data for October will be released. Buying sentiment yesterday once again realized profits, as BTC rose by more than a thousand points, and ETH increased by nearly a hundred points!

The series of four negative candles on the daily chart for Bitcoin has ended. This morning, Bitcoin and Ethereum closed with a positive candle carrying an upper line. The price of the currency is close to the lower limit, while the upper limit is experiencing significant contraction. Additionally, the KDJ and MACD indicators show a clear slowdown, indicating that selling pressures are easing. Therefore, it may be worth attempting to place long-term buy orders, although the possibility of a pullback after the data release cannot be ruled out. However, the market is expected to see institutions entering to buy currencies at low prices, so a contrarian approach to investing should be considered.

11.16 Purchase Idea:

BTC retreats to 94500-95000 for a buy trade, cautious traders should enter at 93500-94000, defense near 92700, target at 96000-96500-97000, if the level is broken we watch 97500-98000-98500, and continue to move the stop loss based on the situation!

Enter a buy position when Ethereum dips between 3070-3110, while cautious traders can enter between 3000-3030, placing a stop loss near 2950, and the target at 3200-3250-3300. In case of a breakout, the target will be between 3350-3400. Continue to adjust the stop loss according to the situation!

11.16 Short Selling Idea:

Sell short contracts on BTC at 98000-98500, defending around 99000, target at 97000-96500-96000, if broken, look around 95500-95000, continue to break the stop loss level based on the situation!

Sell one of ETH at 3300-3330, defend near 3360, target 3250-3200, in case of a breakout look at 3150-3100, continue to move with a stop loss according to the situation!

Leveraging is most dangerous when holding large positions; if your mental strength is not strong, you will not be able to gain anything outside of your knowledge. Profit depends on the market, and loss is in your hands! Small profits and large losses mean you will always remain like grass! #美国结束政府停摆