On Wednesday, November 27, the turning point for short selling was hit

After a round of price drops in the early morning, the price of the currency has been continuously rising, currently reaching a high of around 95,800. Both during the day and in the evening, high short positions were suggested, but the bullish counterattack directly rubbed our bearish thoughts into the ground. The short positions laid out during the afternoon were unfortunately swept away in the evening, and after breaking through the resistance in the evening, we reversed directly to long positions. After a round of price increase reaching 95,200, long positions exited with a small profit of 600, recovering some gains.

Currently, after a pullback, the daily chart has rebounded after stopping at the middle track support, and a solid bullish candle has formed again. The bulls are expected to continue, and the 4-hour trend is also showing consecutive bullish movements, with the bulls breaking through short-term resistance. The short-term trend has strengthened again, so the main direction can continue to focus on bullish continuation. It is worth noting that during the day there was a nearly 5,000-point increase, and on the hourly chart, the bulls have somewhat converged. A short-term correction is expected, so participants can maintain a low long position approach!

On Thursday morning, it is suggested to go long on Bitcoin at 95,500-95,300, targeting 96,000-97,000. For Ethereum, go long at 3,530-3,510, targeting 3,650-3,700.

In fact, trading always has right and wrong, and in the game, there are wins and losses. You should imitate and get closer to the type of person you want to become, and in the end, you will always have unexpected gains.