11.29 Morning Thoughts
Bitcoin yesterday was affected by the Thanksgiving holiday in the United States, and the fluctuation rhythm did not change significantly. It was basically in a wide range of fluctuations throughout the day.
In the daily K, the stochastic indicator and MACD indicator are relatively blunt, and the key pressure position is still the pressure at 97000; therefore, this is the current strength and weakness dividing point. Above 97000, the bulls are re-strengthening; below 97000, the bears are relatively more dominant. In the short term, the 1-hour time-for-space mode, the time cycle is extended, and the price is flat. This is not a signal of reversal of strength and weakness; the form is still biased towards relay decline. Today's short-term processing continues to focus on the range between 94700 and 96300.
The short-term four-hour level is fully demonstrated, and the support pressure of the middle track of boll is obvious! The unilateral trend in the short term has not been formed, and the long-short game is fierce. There are opportunities for short-term highs and lows.
Bitcoin: short around 96000/96300, target around 94000#
Ether: short around 3580/3610, target around 3500, breakout can continue
