11.28 Afternoon Market Analysis



The four-hour chart of Bitcoin seems strong with consecutive bullish candles, but it has not broken through key resistance and the trading volume continues to shrink. The saying "a breakout must lead to a surge" is merely a weak rebound driven by short-term sentiment; the range-bound movement of Ethereum does not indicate a lack of trading activity. The "golden cross pattern" close to the zero axis is merely a weak balance amidst the divergence between bulls and bears, and is by no means an effective bullish signal. Both assets face a greater risk of a pullback than room for upward movement.

Operation Suggestions:

$BTC Bitcoin: Can short in the range of 91700-92200, target 90700, 90000

$ETH Second Contract: You can short in the 3040-3070 range, targeting 3000 and 2950. Seize the opportunity for a high short after the price oscillates and pulls back! #比特币行情观察
BTC-3,36%
ETH-4,27%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin