Bitcoin Market Analysis Bitcoin fell from a high of 97200 to a low of 95740 in the early morning, with a range fluctuation of 1460 points, currently oscillating around 95900. Last night, all predictive thoughts were accurately aimed at the second target profit-taking point. From the 1-hour chart, the candlestick is running in the middle track of the Bollinger Bands, with KDJ forming a dead cross downtrend, and the bullish momentum bars gradually decreasing. For morning Bitcoin, look for buying around 95600 - 95000, aiming for 96500 - 97500. Ethereum Market Analysis For morning Ethereum, look for buying around 3630 - 3600, aiming for 3700 - 3750. #BTC☀
Wednesday, November 27th Trend Analysis Overnight, Bitcoin prices continued to decline, with a low point touching the 90800 level. Last night, we provided a short-selling strategy that was executed perfectly! During the trading session, we easily captured a 2000-point profit. Given the current trend, many people know that the trend is bearish, but they still cannot avoid being washed out. Why is that? Ultimately, it's still a cognitive issue. Knowing full well that it's a bearish trend, people still want to catch short-term longs during the rebound and adjustment process, but as soon as they enter, they get trapped. If the position is not good, how to trade and who to trade with is also key. Grasping the trend, one round is enough to let you recover and turn things around. As Bitcoin once again dipped in the early morning, short-term pressure has come to the 93000 - 93500 level, with support temporarily focusing on the 90000 mark, followed by the 89000 level. At this stage, until a clear stop-loss signal appears, it's better to trade around one trend. Friends who entered the previous wave have already secured some profit; they can reduce their positions accordingly. For short-term traders, there’s no need to elaborate further; everyone should know how to act, the key is execution! As for Ethereum, it remains independent and fundamentally different. The rebound and decline of Bitcoin has little impact on Ethereum's own trend, but it is still affected to some extent. Amid Bitcoin's continuous downward rhythm, there has been some pullback action; although the intensity isn't too large, in terms of shape, it still appears relatively weak. Short-term operations can also go short, with short-term resistance focusing on the 3400 - 3420 area, support at 3260, and strong support at the 3000 mark. On Wednesday morning, if Bitcoin rebounds to the 93000 - 93500 area, continue to short, with the target looking first at the 90000 level, followed by 89000, and adjust after taking profit. For Ethereum, continue to reference short near 3400, with a short-term target of 3260 and a swing target of 3000 unchanged.
In the early hours of the night, the price fell weakly. After touching the low point of 41800, it stopped recovering. After recovering to 42550, it came under pressure. It is currently located near 42300. Recently, the rhythm has changed frequently. There is no need to chase orders too much in operation. Under the wide fluctuation , the low position in the range is more, and the high position is short, if the position is broken, make another plan.
From the trend point of view, although the current market has provided a retracement, it is not strong. There is still a certain support for the integer mark below. As long as the currency price does not physically break the support area below, low and long will only be the best at present. The choice is to go high followed by a fall, and at the same time the fall is accompanied by a rebound, sweeping back and forth. As for the current big pie, my personal opinion is to correct the space in the bull trend and proceed with the idea of low and long.
Today’s operation suggestions: Bitcoin range: Go long in the 42200-42000 area, defend 400 points, and target 43500-43800.
Bitcoin’s positive momentum remains intact, supported by a slight pullback in the U.S. dollar and falling U.S. Treasury yields. We can keep an eye on Tuesday's U.S. housing data, including building permits and housing starts;
The mid-term trend of Bitcoin has been negative since the weekly line, and then reversed after breaking through the midline this week. The price has received certain support at the 40,800-day moving average. The mid-term objective trend has entered a high-level consolidation pattern;
The short-term range volatility is between 43000-42600. It is expected that the oscillating rhythm of the mid-term trend will continue for a period of time, and the market is expected to rise again to the previous high of 45,000;
The day-to-day thinking is mainly bullish, with more retracements near 42800 in batches, and Ether 2230 in batches. Take good defense, #BTC #区块链大V观点 #ETH
Bitcoin’s positive momentum remains intact, supported by a slight pullback in the U.S. dollar and falling U.S. Treasury yields. We can keep an eye on Tuesday's U.S. housing data, including building permits and housing starts;
The mid-term trend of Bitcoin has been negative since the weekly line, and then reversed after breaking through the midline this week. The price has received certain support at the 40,800-day moving average. The mid-term objective trend has entered a high-level consolidation pattern;
The short-term range volatility is between 43000-42600. It is expected that the oscillating rhythm of the mid-term trend will continue for a period of time, and the market is expected to rise again to the previous high of 45,000;
The main idea during the day is to be bullish, with more retracements near 42800 in batches, and Ether 2230 in batches. Take good defense, #BTC # Others
#currency circle# #cryptocurrency# The market fluctuated around 40500-41600 during the day yesterday. From midnight until early morning, it quickly rose to 43550 and then fell back to 42870 when it encountered resistance. It is recommended not to chase the dip near 43500. You can short After the correction of Kongchi, it will be followed by Duo. During the day, the silk road will still be dominated by Penghuang, supplemented by low Duo!
New brother’s suggestions for the day:
The big pie is 43200-43500, and the next one is around 42700
My aunt is doing kong at 2250-2280, next look around 2210