11.28 BTC, ETH market analysis

Early yesterday morning, Bitcoin experienced a strong rebound, with the price briefly surging to around 91900, then coming under pressure and falling back. It is currently oscillating around the 91500 level, with the intraday trend mainly focusing on range consolidation.

On the daily chart level, BTC has been closing with consecutive bullish candles. The Bollinger Bands are in a downward opening shape, the KDJ indicator continues to diverge upwards, and although the MACD fast and slow lines have formed a golden cross, they are still below the zero axis, with noticeable resistance from the Bollinger middle band. Despite the current market being dominated by bulls, it is essential to be aware of the risk of bearish momentum release after a pullback.

From a short-term perspective (4-hour chart), the Bollinger Bands are expanding, and the price is currently below the upper band, with significant selling pressure. The MACD fast and slow lines are above the zero axis, with DIF leading DEA, and the red bars continue; the KDJ indicator has shown some convergence, with the J value indicating a downward turn. In summary, while the market trend is slightly upward, there is a need for a pullback, and it is essential to focus on the effectiveness of the support converted from the previous resistance level of 89000. Suggested trading strategy: open short positions at high levels and buy low after a pullback.

11.28 BTC short-term strategy

- Long position: Enter the range of 88500-90000, defend at 86500 (top up), target above 91000.
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- Short position: Enter in the 92500-93500 range, defend at 95000 (additional purchase), target below 91500.

11.28 ETH market analysis

In the early hours of yesterday, Ethereum synchronized and surged, with bullish momentum continuing to be released. On the daily chart, ETH has recorded five consecutive small bullish candles, with the price reaching a high of 3070, and has not continued to test the upward movement during the day. The 4-hour chart shows that the current coin price is fluctuating around 3040.