Morning Market Analysis on November 28
Market Review: The Bitcoin dropped to the bottom line of 90800 yesterday and then oscillated up to the line of 97200, with a range of 6400 points. The current price has retreated to 96300. The analysis from yesterday perfectly verified the pullback to the low direction.
From the one-hour chart, Bitcoin is still operating above the middle track, with the middle and lower Bollinger Bands opening upwards. The DIF is currently above water but is about to form a death cross, indicating that a pullback is still to come. Therefore, in the morning, we will still focus on the pullback to the low direction.
Bitcoin Pullback: 96200-95700, target near 97500
Ethereum Pullback: 3620-3590, target near 3700
