$BTC 11.27 Midday Thoughts and Suggestions
Yesterday, the intraday market was mostly fluctuating. Some friends were able to trade back and forth, while others maintained their composure and held onto their positions to reap significant profits. I also reminded everyone to focus on pullbacks when trading. Although this wave of upward movement came relatively late, I led a few partners to make a big profit early in the morning; sometimes opportunities come just like that. In the morning, following the momentum of the market, we continued trading without hesitation, and within just an hour, we gained around a thousand points. When the rhythm is right, it feels very comfortable.
In the 1-hour chart of Bitcoin, the current price is above 90,000. During the K-line pullback, the bearish candle body has gradually narrowed, showing signs of stabilizing. The middle band of the Bollinger Bands also overlaps with the current consolidation range, forming additional support. Based on the current pressure situation, we choose not to hesitate. If the 90,000 support level remains strong and the volume follows, there is a chance to launch a rally to higher positions. Conversely, if this support is lost, it is likely to retest the lower edge of the middle band of the Bollinger Bands for support. We are currently in a phase of fluctuating repair after a rise, so we need to maintain our rhythm.
Suggestions:
Bitcoin around 90,800, target around 92,500,
Ethereum around 3,020, target around 3,100
