The short-term pullback has not stopped, and the daily rebound opportunity is approaching

On Friday, Bitcoin fell below 99500, starting a new round of 4-hour level decline. From the high point of 126199, it has gone through 5 waves of 4-hour level movements, and is currently in the fifth wave of decline, which has not yet ended, likely continuing to probe lower.

The good news is that the daily level decline is nearing its end, and a daily level rebound (not a rise) is expected from the end of November to January 2026. However, after breaking below 96500, there is a risk of a weekly level pullback for Bitcoin. The probability of the weekly rise from 49000 to 126000 ending has increased, and if a weekly decline follows, it will be difficult to create new highs in the short term.

However, daily operations are mostly short-term at the 4-hour or 1-hour level, and the weekly direction does not affect the interim long and short positions. There is no need to panic currently; the decline has released a lot of emotions and is in the final stage of the daily level decline. The probability of new highs and new coins before the end of the year is low, but the daily rebound still has good profit space, and the rebound after a thorough decline is worth seizing.

In terms of short-term, after a weak rebound in Bitcoin at the 1-hour level, it may face a decline at the beginning of next week, targeting around 90000 (extreme 88000). Once reached, one can pay attention to medium-term longs; if the 15-minute chart can rise to 97500~98000, the rebound will be more complete, and breaking below 94500 requires continuing to look bearish.

Ethereum is synchronized with Bitcoin's movements, currently in the first wave of 1-hour decline at the 4-hour level. The short-term rebound looks at 3250~3300, and breaking below 3120 will continue to decline. 3000 is a key support level, and breaking it may lead to a drop to 2500~2600. Its daily level pullback has lasted 84 days and is nearing its end, so next week one should pay attention to bottom-fishing opportunities.

Trend summary: The weekly level is upward, but the ending probability increases. The daily, 4-hour, and 1-hour levels are all downward, while the 15-minute direction is unclear. $BTC $ETH #加密市场回调