Big cake 97118 in 96328 out, scored 790 points, won 2w oil

November 30th Midday Thoughts:

Bitcoin's market on Friday night was as usual, with a one-sided rise and fall after the US stock market opened, recovering in the early morning. The rebound to the 98630 line was not stable and quickly fell, showing a wide range of tug-of-war and a pattern of both long and short liquidation. In the short term, there may be adjustment pressure, and the overhead pressure level is still valid. Attention should be paid to the possibility of high-level consolidation and accumulation of strength, focusing on the break of the 98800 - 99500 range. If it cannot effectively break and stabilize, it will continue to oscillate within the range. Analyzing Bitcoin's current technical structure, significant reversal signs are presented on the daily level. It failed to break through previous highs, thus experiencing pressure and falling back, with the K-line running in a bearish manner. After a large bearish candle closed, the overall structure shows a bearish pattern. In this situation, the continuation of Bitcoin's bearish trend in the short term deserves close attention.

Looking again at the four-hour technical structure, it has clearly turned into a bearish trend. In this weak structure, the continuity of the bearish trend becomes the dominant trend; any rebound can be seen as an opportunity to enter short positions. The market is likely to continue evolving in the bearish direction, and investors should closely monitor changes in relevant technical indicators and respond cautiously to market fluctuations.

Bitcoin 97000-97500 short, looking down to 95000-95300
Ethereum 3650-3680 short, looking down to 3570-3600

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