Analyst Chen Shu: 11.27 Midnight Bitcoin, Ethereum market strategy * No. 2, trend reversal bears if unable to hold 9.45, then go short and bearish.
On November 26th, the afternoon analysis provided a short strategy idea. Bitcoin gave a short position at 9.6, Ethereum gave a long position at 3380, and a follow-up short strategy for Ethereum. Bitcoin has not reached the entry point and has adjusted downwards. How to operate in the current short-term weak oscillation downtrend, please see the following analysis.
Looking at Bitcoin from the daily chart, yesterday closed with a large bearish candlestick. Today, although a small bullish candlestick is forming, the rebound strength is slightly weak and has not been able to stand back above the daily MA10 moving average (9.46), overall showing a weak retracement trend; on the 4-hour chart, the daily rebound broke below the MA60 moving average and has not been able to rebound back, with insufficient buying power, focus on the stability of the 1-hour level MA256 moving average (9.45). If the subsequent oscillation adjustment cannot regain this level, it will indicate a short-term retracement trend, and there is a possibility of breaking through the $90,000 mark, pay attention to this line's stability.
Looking at Ethereum from the daily chart, today's trend follows Bitcoin in starting a retracement trend, the daily has broken below the MA5 moving average but has held above the MA10 moving average, pay attention to the subsequent stability of the MA5/10 moving averages; on the 4-hour chart, after breaking below the MA30 moving average, the rebound is weak. If it continues to maintain a weak oscillation trend, there is a risk of further retracement to 3250/3180.
Midnight Operation Strategy (Written at: 02:00):
BTC: Light short near 9.4, add to short at rebound 9.47, target 9.3-9.2; 8.88-9k range can consider entering long.
ETH: Light short near 3340, add to short at rebound 3380, target 3250/3180; consider entering short-term long below 3200.
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