11.27 Morning Analysis and Suggestions
Currently, the price comparison is gradually declining from a high position, continuing to see a downward trend!
Good morning everyone! I am Yiming. Yesterday, Bitcoin showed a downward pattern. I executed two short positions targeting a 4000-point drop. Each analysis and chart explanation is clear, and the data is open for scrutiny. Feel free to verify and witness it!! No further explanation.
Currently, from the 4-hour Bitcoin chart, the downward wave is extending and still continuing. Combined with the weaker hourly chart showing a declining staircase, the secondary high point is gradually dropping. After the US stock market opened high and corrected, it broke the low again. Currently, the coin price is at a low point, and in the short term, we expect continuation, with breaking the high point of 93500 as a reversal resistance point, and further expecting a continuation of the weak trend in the short term.
Suggestions
Short near 93000–93500 for Bitcoin, targeting 92000-92500
Short near 3350-3370 for Ether, targeting 3310-3280
