11.27 BTC, ETH Evening Analysis: Difficult to Break Through the Daily Level of Fluctuation Adjustment
First of all, regarding the post, those who followed last night directly made profits, right? So it was a very clear hint that the market would go into the third segment of decline, with at least a 3000-point difference. Early this morning, Bitcoin spiked to 90800 and started to rise, which I guess many people might be confused about, whether it is going to drop or rise? Here, we need to combine the daily line to judge the general direction for this week, because the 4-hour double top structure chart does not provide a reference for large-scale adjustments, while the daily trend line and technical indicators are greatly fluctuating up and down, so this belongs to a relatively rare wide fluctuation at the daily level, usually taking one to two weeks for the cycle, and as long as the direction is correct with wide adjustments, any entry point can secure profits.
From the 4-hour chart of BTC: The two key resistance levels of 92500 and 95200 mentioned yesterday were broken after the close at midnight. The highest point on the new trend line of 93700 has already broken through and stabilized. If the support converts, this is the best entry point for going long. As mentioned earlier, the overall direction is a wide fluctuation on the daily line. Once the general direction is set, the lowest point of the pullback after the first segment of the rise will be around 93300, which is also the key support line of Fibonacci, making it very suitable to go long near the highest point of the trend line. Since the 4-hour chart is in a double top structure, we only need to watch the right shoulder position of the double top for going long. As for the attached indicators, apart from waiting for the OBV at 4:00 AM to see if it crosses bullish, if it crosses, then it's bullish; otherwise, it's bearish, while all other indicators are turning sharply upward, indicating strong bullishness.
BTC Evening Strategy: Go long at 93700-94200, with a target near 98200!
ETH Evening Strategy: Go long at 3505-3515, with a target near 3615!