$BTC 11.28 Morning Thoughts and Suggestions
When things are not going smoothly, are you thinking about how every time you chase the high, it falls, and when you bottom fish, you get stuck? The market is deliberately messing with your mindset, but the more uncomfortable it gets, the less you should cut losses. When the market breaks down and runs away, it goes back again. But reality is like this: if you want to profit more, you must bear the corresponding risks. Of course, there are ways to reduce such risks, so don’t complain often; instead of complaining, it’s better to calm down and think about the reasons for the losses.
Yesterday's market was also a very common oscillation and consolidation pattern, with opportunities throughout the day. Taking Bitcoin as an example on a 4-hour timeframe, currently, the structure still exists. Although the current price is facing resistance from the upper Bollinger Band, the upward channel formed between the middle and upper bands is still there, and the middle band support remains. Let's continue to watch. Since the upper part hasn’t broken yet, we can wait for a pullback; it’s more prudent to make moves at lower levels. If Bitcoin holds at 91000, then if it effectively breaks the 92000 level, we can go directly, but we need to manage the stop loss well.
Suggestions:
Bitcoin around 90500, target near 93000,
Ether around 2980, target near 3120
