24.11.28 Bitcoin and Ethereum Evening Analysis
【Market Review】
Bitcoin is struggling to rise and has returned; the resistance at 975 remains strong.
Ethereum has been relatively strong, currently forming a bullish pattern at the four-hour level,
with the potential to surge to 3750 tonight (provided Bitcoin holds steady).
Many brothers wanted me to provide trading tips, and there was a fleeting opportunity this afternoon.
I was too busy to send it out. I might not review the market tonight, so I’ll write the review now.
【Bitcoin Market Analysis + Trading Tips】
Upper Resistance Level: The resistance around 975-985 is quite strong; today it barely touched 972 before coming down.
This was an expected trend; a little consolidation is necessary for better upward movement.
Lower Support Level: The support around 925-908 is relatively strong, so if we are looking to enter long positions, we will consider these levels.
However, the current 4H level is not friendly, so I recommend holding cash and observing before tonight.
We should at least wait for a bullish pattern at the 4H level before considering entry.
Trading Tips:
Aggressive: Buy in batches at 92600-92055, stop loss at 91722.
Conservative: Buy in batches at 90882-90223-89663, one layer each, stop loss at 89322.
【Ethereum Evening Share + Trading Tips】
Ethereum is moving independently, but unfortunately, Bitcoin is weak and has dropped sharply.
Let’s wait for Bitcoin to resonate in sync before choosing to enter the market!
Lower Support Level: 3550-3530-3465
Upper Resistance Level: 3650-3699
Trading Tips:
Wait for a bullish candlestick to form at the 4H level with an upward pattern before we consider entry.
It is best to wait for Bitcoin to resonate upwards together before making an entry decision.