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#ETH 11.24 Morning Thought Analysis: Strategy Update 🧡
After a weekend consolidation, Bitcoin made a brief recovery, but this is just a technical correction following the earlier sharp decline - do not mistake the rebound for a reversal. After surging to 88100 in the early morning, it quickly faced resistance and fell back, now probing the 86000 level, with bulls unable to hold on.
Looking at the 4-hour chart: the Bollinger Bands are narrowing down, although the price is slowly inching up with small bullish candles, the overall trend is still downward. Therefore, the strategy should follow the main trend, with short positions at highs being the core approach. Be cautious of weak rebounds before hitting hard again. A rebound is unlikely to change the downtrend, the high short strategy remains unchanged.
Operation Suggestions
Bitcoin: Pull back to around 87500-88500, target looking at 86000, if it breaks, then looking at 83500$BTC
Two cakes: Pull back to around 2800-2850, target at 2750-2700, if it breaks, then look at 2650$ETH .
⚠️ Strategies are time-sensitive. Friends who are unsure about the rhythm or do not understand the market well, please quickly contact #逆势上涨币种推荐 #美联储会议纪要将公布 .