11.26 Is the Bitcoin rebound weak? Can it break through the 90,000 mark again?
Bitcoin has rebounded but the structure is fragile: BTC has risen 1.67% from Friday's low of $81,000 to $87,000, with the ratio close to zero (similar to the market bottoms of 2019, 2020, and 2022), indicating a risk-return signal. Over the weekend, liquidations exceeded $200 million, alleviating selling pressure, but the "fragile" market structure may further test the $85,000 support.
The US BTC spot ETF recorded a net inflow of $238.47 million (on Friday), but there has been a cumulative outflow of $1.2 billion over the past four weeks. The short-term rebound in the market is supported by ETF inflows and macro expectations, but institutional outflows and liquidation risks remain. Pay attention to liquidity indicators and key support levels.
Ethereum successfully broke through 2880; tested key resistance at 0.382, breaking through to around 2980 facing pressure; continue to focus on key resistance levels (3K 3.2K); BTC also reached the psychological level of 88K, repairing the 1-hour rebound range, focus on the pressure zone (88K 92K 94K).
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Operation suggestions:
BTC 85500-86500 go long, target at 88500 -90000, defend at 85000
ETH 2820-2860 go long, target at 2950 - 3050, defend at 2770
