11.26 BTC, ETH Evening Strategy: Double Top Breakthrough Imminent, Early Ambush in the Market
During the day, Bitcoin has tested the lower resistance of 92500 multiple times. It was clearly stated in previous posts that this is a key point for the shift from long to short. Based on the pin drop point, the market may break through at any time. If there is a rebound in the US market, there will be a third segment of downward movement. If the pin drops to 90,000, it will form a double top downward trend. However, there won't be a significant breakthrough in the short term; it will definitely retest this key position to start building a base. The bottom of the double top around 89800 is the last line of defense for the long-short game. This position will be an excellent point for laying out spot trades, so pay attention!
From the 4-hour chart of BTC: a new trend and a downward trend line are forming. Tonight, pay close attention to the divergence in the MACD indicator. If the closing line at 12:00 AM shows consecutive bearish bars upward, the market will build a base and rebound. Using divergence structure and trend lines for prediction can be very accurate, especially since the post on the 22nd mentioned focusing on the daily level's top divergence. Therefore, Bitcoin began to adjust downward as expected on Saturday. Discussion is welcome! Currently, the attached indicator OBV is crossing down strongly bearish, and the overall trend is also downward. So if going short, the key position below is 92500, and if it breaks, watch the lowest point of the double top bottom at 90500. Combining with Fibonacci, the resistance after the rebound is at 95200, indicating that this is the best position for shorting. Therefore, the operation focuses on high shorts!
BTC Evening Strategy: Short at 94800-95300, targeting around 92500!
ETH Evening Strategy: Short at 3380-3395, targeting around 3310!
