Wednesday evening Silk Road on 11.27:
From the current perspective, the strength of the market's pullback is still relatively weak. Although there is a certain degree of pullback today, the level around 93000 ultimately provides strong support against the downward pressure!
The market has clearly formed a prominent head and shoulders pattern. The 1-hour chart has also broken through the mid-band pressure position, currently oscillating at a high level below the upper band. Once the market has fully corrected, the head and shoulders pattern is expected to continue its strong rebound!
The fluctuations in the cryptocurrency market are unpredictable; details should be based on the old Yu's rough analysis!
Bitcoin: Pull back around 93000-92500 to go long, target 94800!
Ethereum: Go long at 3400-3440, target 3500.
