Analyst Chen Shu: On November 30, Bitcoin and Ethereum are in a sideways fluctuation market, focusing on the direction of the horizontal box breakout.
From the daily chart of Bitcoin, it has maintained a narrow range of fluctuations for several trading days. Although the price remains above $90,000, there has not been a strong upward breakout. The short-term sideways fluctuation range is maintained between $91,000 and $90,000, so attention should be paid to the breakout direction of this range. An upward breakout may test the $93,000-$94,000 level, while a downward break below $90,000 may retest the $88,000 support level.
From the daily chart of Ethereum, it is clear that it is under pressure from the MA256 daily average line at $3,150. Currently, $3,150 has become a key dividing line for short-term bulls and bears. An upward breakout will continue to look for a rebound; conversely, it may return to a weak correction trend. For short-term support, attention should be paid to the 1-hour MA256 daily average line at $2,900.
Afternoon operation thoughts (writing time: 14:00):
BTC: Above $90,000, add long positions on a pullback to $88,000, target $92,000/$93,000; look for shorts at $93,000/$94,000 for a 1-2,000 point pullback.
ETH: Above $2,960, add long positions on a pullback to $2,900, target $3,030/$3,080; look for shorts at $3,100/$3,160 for a 6-100 point pullback.
Daily analysis strategy has a very high win rate! Analysis is not easy; I hope everyone can give a free follow, favorite, like, and comment. Thank you all, and feel free to leave messages below for discussion; I will reply one by one $BTC
