Cryptocurrency Circle Yuelin, Wednesday, November 27: Bitcoin and Ethereum Morning Strategy!
Good morning, friends in the cryptocurrency circle, I am your lucky goddess Yuelin. Last night, the price of Bitcoin continued to decline, with the low point touching around 90800. The short-selling strategy provided in the early hours of yesterday has been perfectly executed! The current price has returned to around 9200. Based on the current trend, Yuelin clearly points out that the trend is bearish, maintaining a bearish outlook, but many cryptocurrency friends still cannot avoid being shaken out. Why is this? It still boils down to a cognitive issue. Knowing it is a bearish trend, they still think about going against the trend, and as a result, they get caught.
From the 4-hour chart, the downtrend is also very obvious. The daily chart currently shows a series of bearish candles retracing, and the original uptrend has been significantly broken, with bearish momentum appearing particularly strong. The overall weak pattern in technical aspects remains unchanged, and we still recommend maintaining a high alert strategy this morning. The actual market performance fully corroborates my long-term analysis and judgment. During this period, attention should be paid to the support strength at the 90000 level, as once this price point is broken, the market may continue its downtrend.
Wednesday Morning Operation Strategy:
BTC: 92500-92000 short, target 90000-89000
ETH: 3350-3330 short, target 3200-3100
Of course, technical indicators are just references. If you have no direction, remember to follow Yuelin and keep up with my steps. Yuelin may not make you win every battle, but will definitely help you avoid losses and take fewer detours!