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🌙 Night trend analysis on 11.27
Good evening! Today is Thanksgiving, and the US stock market is closed. The market has been consolidating throughout the day, and finally, we are seeing a pullback in the evening. At noon, I warned that "those without positions should not chase the highs," and I believe no one is going long against the trend at the top. This round of rebound has risen over 6%, and currently, we are seeing a pullback of 2%+. There are signs of a small-scale rebound. Tonight, the key positions to watch are: if we hold above the key level, there is hope for continued upward movement; if the key level cannot be recovered on the 1-hour timeframe, we need to pay attention to a second pullback, at which point we can look to position ourselves at the support level.
Ethereum: The key point is 3030. If it holds above 3030, this 1-2 hour pullback will be considered over, and the trend will continue upwards. The resistance levels above are 3070 (previous high), 3113, and 3168. If it fails to close above 3030 in 1-2 hours, it indicates that a further pullback will occur, with support levels at 2982, 2930, and 2888.