The weekend is still the same as usual, a narrow range of fluctuations, suitable for short-term players. This weekend I will shorten my time at the top of the market, occasionally check the news, or glance at the markets, but more time will still return to my own life, so that on Monday I can have a better mindset and mood to watch the market. A good mindset can definitely improve your win rate. I looked at the fundamentals, and there was a negative news yesterday, which is that the mainland has further cracked down on the crypto market, this time it clearly stated that stablecoins are a type of virtual currency, which was previously not clearly categorized as virtual currency. Although it is bad news, it hasn't had much impact on the market, perhaps everyone has become less sensitive to such news, after all, we have experienced a lot. There is currently another piece of news, which is that Federal Reserve Chairman Powell will resign on December 1, and the meeting will be at 7 PM (Eastern Time) on Monday. This news's authenticity cannot be verified yet, but if the news is true, it would be a positive for the crypto community. Such news will have market implications, everyone pay attention!
Back to Bitcoin, Bitcoin is currently fluctuating in a narrow range between around 90000 and 92000, with not much trading opportunity. Waiting for the trend to form and trading on the right side would be better. This wave of Bitcoin has rebounded from the low point to the middle track of the daily Bollinger Bands. The middle track indicates there will be selling pressure here, so be cautious of the risk of chasing highs. The previous wave of Bitcoin also rebounded to the middle track of the daily level before starting a new round of decline.
Today's resistance for Bitcoin looks at around 92000 and 93000.
Support below looks at around 90300.
The fluctuation range of Ethereum is between 2980 and 3060. Pay attention to the 2980 position for Ethereum going forward, as this position is also the top of the previous fluctuation. After breaking through, a new round of rise will begin. It has repeatedly tested the 2980 position without breaking it. Even if it broke last night, it was able to recover, so the bullish strength can still be sustained. If it breaks, I will consider short positions on the right side; if it does not break, I can take long positions on the left side, and there is also a stop-loss point. The resistance above is around 3060. Pay attention to the 3020 position during the day, which is currently the dividing line between long and short positions.
Everyone in this market must have their own judgment and not be easily led. Basic knowledge that needs to be learned still needs to be learned.
View rationally and do not make any investment suggestions!$BTC $ETH
