Bitcoin/Ether market analysis on the early morning of November 29

From the overall daily trend observation, it has always maintained a fluctuating state. In the evening, the market experienced a spike, prompting a rapid price retracement. In the hourly candlestick chart, a long upper shadow was left above the candlestick, and this typical technical pattern clearly indicates strong selling pressure above, with the bulls' upward attack being blocked, leading to a continuous decline in the coin price.

The four-hour K-line shows an alternating trend of two bullish candles and one bearish candle, and each time there is an upward movement, a long upper shadow is formed above, indicating that although the bulls have attempted to push higher, they have been strongly resisted by the bears. Currently, the bears have the upper hand, successfully engulfing the previous gains, and the market has a strong bearish atmosphere in the short term.

In the early morning operational layout, investors can rely on this key support level to make low long positions in order to capture potential rebound opportunities.

Operation suggestions

Bitcoin: Place long positions around 89800 - 90400, targeting price levels towards 91500-92000.
Ethereum: Go long around 2990 - 3010, with a target set at 3085-3100#反弹币种推荐 #美国结束政府停摆 #比特币行情观察