Trader Liang Qiu: 11.28 Bitcoin/Ethereum Trading Strategy with Market Analysis

Bitcoin/Ethereum started to rise steadily from 2:30 AM on the 27th, climbing from a low point of around 90800/3250 to the current morning high of 97250 and around 3688. Bitcoin has risen over 6000 points, while Ethereum has increased by more than 400 points. The overall rise is significant, with Ethereum breaking recent high points once again. Our winning streak was also broken directly after placing short positions at 95000 and 3500. Currently, the market has started to peak and is experiencing a pullback, which typically presents as a wide fluctuation, suggesting there may still be downward space.

From the four-hour level, Bitcoin/Ethereum has begun to fully peak and retract, with Bitcoin showing two consecutive bearish candles. Moreover, during the morning peak, it did not break through the important support and resistance level between 97500 and 98000. The market is also facing adjustments.

In terms of operations, enter short positions for Bitcoin around 95500 to 96000, targeting around 93200; for Ethereum, enter short positions around 3600 to 3620, targeting around 3480. The current market trend is primarily fluctuating, and this article is time-sensitive, with specific guidance provided in real-time.