Afternoon Thoughts on November 26

Currently, on the 4-hour level, we have also seen a series of pullbacks. The K-line has broken through the short-term moving averages, indicating a weakening trend in the short term. However, the technical patterns in smaller time frames are gradually adjusting and completing the repair, and there was a rebound pattern at the end of the trading session. After forming a lower shadow on the hourly chart, today also hit a new short-term low. We have mentioned multiple times before that where there is an increase, there will be a decrease; there is no market that only goes up without pulling back. After the market reached a high, it is again undergoing a correction. Currently, it seems that the short-term pullback is complete. The retest and correction are constructing a support platform, which is more beneficial for the subsequent rise while also releasing the bearish resistance sentiment, reducing the upward pressure. It has been emphasized before that a strong market operates by stabilizing and recovering after a downturn, and after the repair is completed, we still hold a positive outlook on the overall upward trend, so we first short and then go long during the day.

Trading Suggestions

For Bitcoin, aim for a target of 95,500 around 93,000.

For Ethereum, aim for a target of 34,603,893,175,735 around 3,370.