Bitcoin and Ethereum market analysis and strategy sharing for the evening of November 7th!
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Attention! Tonight's non-farm payroll data release has been rescheduled. The exact release time will be announced later! The current trend has undergone a correction. Based on the previous ADP non-farm payroll data, the trend was initially a correction followed by a rebound, and today's trend should follow a similar pattern! [Analysis of Ethereum Price Trend on the 4-Hour Chart] Candlestick Pattern: The recent candlestick pattern shows a downward trend with fluctuations. After a significant fluctuation on November 5th, the price gradually declined. November 7th saw a long upper shadow and a bearish body, indicating heavy selling pressure above. Technical Indicators: MACD: Both DIF and DEA are below the zero line, indicating a clear bearish signal, but the histogram is shortening, showing signs of weakening. RSI: The current value is 32.66, close to the oversold zone, suggesting a potential rebound, but the overall trend remains weak. EMA: The price has broken below EMA7 (3322.31) and moved away from EMA30 (3474.45) and EMA120 (3779.82), indicating a short-term downward trend. EMA7 is exerting downward pressure on the price. Bitcoin and Ethereum trading strategies shared on the evening of November 7th: Bitcoin: Long positions are recommended around 99800-100000, with target prices of 100800-101400-120000. Ethereum: Long positions are recommended around 3230-3240, with target prices of 3280-3320-3350. I hope more people can learn money-making skills and see money-making opportunities through me, and truly earn the profits they want!
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