11/27 Morning Thought Analysis: Yesterday's market review showed that the entire day was in a trend of overselling, with the lowest point dropping to around 91000.
From the 4-hour chart, in terms of the current trend, the market is still in a downward process and has yet to stabilize. However, it has not broken below the 90000 level, and the support below remains strong. Moving forward, it is important to pay attention to the opportunities for a rebound from the oversold conditions.
Based on the current structure, the bearish force is gradually weakening. We can wait for the market to stabilize before looking forward to the emergence of a rebound.
Emperor Star's suggestion: For Bitcoin, buy on the dip around 91000-91500, targeting around 93500.
For Ethereum, buy on the dip around 3250-3280, targeting around 3380-3430.
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The pancake dropped from 99,000 to 926,666 yesterday, with a liquidation of 390 million.
The long position also got liquidated at 1.4. No matter how many long positions there are, someone is getting liquidated. Some people chased the pancake at the peak, while others chased the long position at the bottom.
So sometimes, don't just blindly follow the downtrend; think about whether it's still worth chasing.
Morning Thoughts on 11/26: Reviewing yesterday, the highest to lowest range of the big coin was around 5600.
Although the drop was several thousand points, in terms of Bitcoin's overall rise, this several thousand point correction is quite normal. It has now approached the support level below. The Emperor Star does not have a positive outlook on further declines in the market and personally believes that the big coin will not have a significant correction again. On the contrary, I am more optimistic about the main force entering a new wave to challenge one hundred thousand.
Emperor Star's suggestion: For the big coin correction: enter directly around 93500-93000, with a target of 97000.
11/25 Evening Analysis: It was mentioned in the morning that a large coin would pull back to around 97000, and the market conditions perfectly aligned with a drop to around 96900, then it fluctuated upward to 99000 before starting to oscillate.
Currently, the upper track on the 4-hour chart is starting to flatten, indicating that a phase of oscillation and correction will begin. It was previously mentioned that it is impossible for the large coin to break through the 100000 mark in one go; there must be a pullback to accumulate strength before there can be an opportunity to challenge 100000.
Morning Analysis on 11/25: From the current 4-hour chart, the price of the currency has entered an adjustment trend after a rise and subsequent drop within a small cycle. Currently, it is following a trend of price correction, and the pullback is also limited.
Overall, it is still within a wide range of fluctuations. Currently, after the price has stopped falling, it has started to rebound. As mentioned before, unless there is a clear breakout, one can temporarily refer to the high and low points of the fluctuation range for positioning.
Emperor Star's suggestion: For Bitcoin, consider buying near the 97000-96500 line during the pullback, targeting 100000.