Liang Qiu: Bitcoin/Ethereum short positions dropped as expected on 11.29, continue to watch for a rebound tonight
The Bitcoin/Ethereum daytime trading strategy around 91000 and 3030 to 3040 near short positions experienced a narrow range of fluctuations today, with overall volatility not being large. Ethereum dropped to around 2980, allowing for some space, while Bitcoin's performance is difficult to describe. From the K-line pattern, the daily level shows that the recent price is fluctuating at a high level, with a significant rise followed by two days of correction. The current K-line shows a small bearish candlestick, indicating a relatively balanced market between bulls and bears.
At the 4-hour level, a short-term downtrend has formed, with lower highs and lows continuously being established. The latest K-line shows a small bearish candlestick, reflecting a weak adjustment state. In technical indicators, the 4-hour MACD histogram continues to shrink, with the DIF and DEA crossing downwards, indicating weak momentum; at the daily level, the MACD is still above the zero axis, but the red bars have significantly weakened, requiring attention to further changes, while there is still strong support at the bottom.
For tonight's operations, it is recommended to take profits on short positions and enter long positions. Bitcoin long positions around 90000 to 90400, with a target near 91800; Ethereum long positions around 2960 to 2980, targeting near 3060.
【The above analysis and strategies are for reference only; please bear the risks yourself. The article's review and publication may not be timely; please refer to real-time conditions.】
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