11.27 Midday Insights and Operational Suggestions
Bitcoin is currently in a rebound at the one-hour and two-hour levels, but the daily trend remains a pullback. The upper rebound resistance levels are 93800 and 95000, and a four-hour closing above 95000 is needed to confirm a bullish reversal. The lower support levels are 92400, 90800, and 89500. If the one-hour closing 📉 breaks 92400, the rebound may end, and the price will continue to go down 📉.
Ethereum started to rebound accurately after dipping to 3252 last night, and it is still in a bullish trend on the daily level. The upper rebound resistance level is 3390. If the four-hour closing can break this price, the four-hour pullback will be complete, potentially leading to an upward move 📈, with target resistance levels at 3460 and 3500. If it does not break 3390, keep an eye on the lower support at 3335. If the one-hour closing 📉 breaks this price, the smaller level rebound will end, and it may continue down 📉 to 3273 and 3220.
