Last week, the loss from being bullish was severe. Since the rebound on Friday, we have started to regain lost ground. Being able to recover losses while also making some profits is already very satisfying. We must get back up where we fell. We don't even have the courage to start over and discuss the cryptocurrency market. In the morning session, we secured 46 points on Ethereum and 1560 points on Bitcoin.

November 24th Morning Analysis:

Bitcoin has experienced a continuous downward adjustment, and the weekend market has entered a consolidation and repair phase. After confirming support with a pullback during the day, a rebound has been triggered, and the current price is solidly operating above the $86,000 area. The daily chart shows a sustained sideways oscillation pattern, with a recent inclusion of a doji candlestick pattern. The struggle between bulls and bears has become stuck, and the trend direction remains unclear. Attention should be paid to whether the daily line can form a medium bullish or medium bearish candlestick to complete trend confirmation; from the perspective of volume performance, bullish volume is gradually shrinking, and the Bollinger Bands maintain a parallel running state, with significant characteristics of short-term range oscillation.

On the 4-hour level, after the previous one-sided downward market, a short-term bottom structure has been completed. The current price has successfully stabilized in the strong area above the middle track of the Bollinger Bands. After continuous accumulation of bullish momentum, a key resistance level has been broken, effectively breaking through the previous downward trend pressure and opening up space for short-term upward movement; at the same time, a small bearish candlestick with reduced volume has formed during the pullback, fully reflecting that the supporting force below is sufficient and the selling pressure is relatively limited, which is a positive confirmation of the effectiveness of the middle track support. On the indicator level, the KDJ indicator is currently in the overbought zone, and caution should be exercised against the risk of a high-level reversal, while the RSI three-line retains upward space, and the short-term bullish momentum has not yet been fully released.

Big Cake: Near 86000-85500 bullish, target around 87500-88500.
Second Cake: Near 2760-2740 bullish, target: around 2820-2840.

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