【Bitcoin and Ethereum Analysis on Friday, November 29】
In the current daily trend of Bitcoin, the phenomenon of stagflation is quite obvious. The attempt to hit the high level failed, and the market sentiment has shown a downward trend.
The whole market is like a roller coaster, ups and downs, and from the current situation, the sign of the K-line closing negative is very strong, which undoubtedly shows that the power of the bears is still playing a role.
Looking at the four-hour chart again, the state of high-level fluctuations appears to be quite weak. Although there are short-term pullbacks, it is like a mantis trying to stop a car, and it can't resist the general trend of the decline.
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So, when operating, everyone must be vigilant, and continue to pay attention to the decline of the market. Don't blindly chase highs. The bearish trend is likely to continue.
After all, the market is like an unpredictable wind and cloud, so we should be cautious!
Operational suggestions are as follows:
Bitcoin can be shorted in the range of 95500 - 96000, and the target price can be 94500 - 94000.
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Ethereum just needs to follow the operation of Bitcoin.
In recent times, the market trend is actually worth paying attention to. If you grasp it well, you can easily gain something.
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