Analysis and suggestions for the morning of November 29
From the perspective of the 4-hour line, the trend of Bitcoin is at a critical node. At present, the price of Bitcoin rebounded after hitting the bottom and was blocked at the important position of 96,500. If it can successfully break through this point, it will have the opportunity to attack the 100,000 mark again; on the contrary, if it cannot break through, it will most likely continue to explore downward and test the support strength of the 91,500 line. At this moment, the market is further testing the short-term support of 94,500. Once it falls below this support level, the 92,500 to 91,000 range will become an inevitable downward target.
For Ethereum, its 4-hour line has successfully broken through the previous box structure of 3250 to 3500, showing strong upward momentum. However, it encountered resistance when it rushed to the 3650 to 3700 line and then fell back. From a short-term perspective, the upper pressure level is roughly in the range of 3600 to 3650, and the lower support level focuses on the 3550 to 3500 line. It is expected that even if Ethereum continues to rise in the future, it is very likely to fall back to this support area. As mentioned many times before, as long as Ethereum can stabilize after a correction to the 3280 to 3300 range, it is expected to start a new round of rising market.
Suggestions
Short near 96300-96000 for big cake, look at around 95200-94500
Short near 3600-3620 for second cake, look at around 3560-3500
