The take profit given in the morning all reached as expected. It started to decline at the resistance of 3445, which is a strong resistance. Effective breakthrough and stabilization are needed to reach 3800-4000!
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良轩Mr蒋
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11.27: Morning Market Overview: BTC closed at 92K around the stock market closing time after a cross bearish candle at eight in the morning, with the lowest point near 90K. Looking at the 4H-1H charts, Bitcoin is in a volatile market, mainly fluctuating between 90.8K and 95K; this morning, at the time of the US stock market close, Bitcoin also received strong support at the 90861 position. As long as it stabilizes at this position for 4 hours, it will rise to 95K, which is also a strong resistance. If it cannot break through this level, it may fall back and continue to fluctuate within the range. The box range provides opportunities for both long and short positions, but strict stop-loss measures must be implemented. As mentioned yesterday, if Bitcoin breaks below the 90861 support, it will eventually reach around 86548 according to the double top 1:1 proportional retracement, but this is just a prediction and may not happen; unless tomorrow's Thanksgiving discount day and the day after tomorrow's Black Friday bring extreme market conditions, it may also provide an opportunity for those holding short positions to enter. Short-term resistance is at 93642 and 94990, while support is at 90861 and 89101. ETH is very strong; those holding Ether should no longer criticize it. The large pullback of Bitcoin in the past two days has not affected Ether, which is moving independently and strongly. This morning, Ether again tested the strong support level at 3060 and ultimately rebounded; last night, the long positions in Ether also profited smoothly, exhibiting a Saif pattern, with point D being our entry point, stop-loss slightly below point X, and take profit at the Fibonacci 0.382-0.618 levels at point CD, which are all places for partial take-profit. I mentioned the pattern in Ether previously as well, and I have told everyone about the entry, stop-loss, and take-profit points, just without the Fibonacci levels drawn this time; currently, Ether's support remains at 3260, with resistance or take-profit levels for long positions at 3381.93, 3413.38, and 3444.83; of course, you can set your own take-profit levels according to your actual situation. Follow me to stay updated with the latest news and point analysis every day, as well as the wealth codes you want. Remember to follow and like!
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