Analysis$BTC on November 28:
- D1 frame: Yesterday, BTC had a pump of nearly 7k from 91x to 97x, causing altcoins to soar; some coins have reached new highs like ETH, which I have called for many times. TP is still above 4K.
However, yesterday's volume wasn't too high, so we need to monitor everything today to see how it goes.
This morning, BTC just tested the 948 area. This is a technical support zone, so it makes sense. Personally, I believe this is due to people taking profits as they caught the bottom in the 90-92 range recently and are worried the market might test the bottom or go deeper.
Therefore, the 948 area will be crucial; if it drops and BTC closes the candle below 94, then BTC will likely lag for another 7-8 days.
- D4 frame: There’s one more day for BTC to pull up to the 98 area to break the bearish candle structure in this frame. Let's wait and see if BTC continues to rise tonight like last night.
- M frame: There are 2 days left until the monthly candle closes. If nothing changes, next month BTC will continue to rise very strongly. So if BTC goes back to the 88-90 range, I think you should be bold and invest. This is a huge opportunity that may not come again for a long time. The worst-case scenario is it doesn't drop to that range but just tests 94 and then rises again.
=> My assessment:
- Currently, the smaller frames 1H - 8H of BTC are quite bearish, so there will be some slight corrections; however, I still believe BTC will pump tonight if the 94x area is held firmly.
- Yesterday, you heard me calling for BTC at 93x and DOGE at 39x, so today you are likely already making a big profit. Just didn't close at the best price. I just decided to re-enter the trade and wait to see what the outcome will be.
- Tonight, I predict BTC will move very strongly; let's see if BTC goes up or down.