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November 30 midday Bitcoin Ethereum market analysis and trading strategy
Bitcoin did not have much volatility yesterday, with the price fluctuating around 90,500 throughout the day. On the 4-hour chart, the breakout above the 89,000 level, the middle band, and the trend line is considered a short-term bullish critical point. As long as it remains above this level, the bullish outlook continues. Yesterday saw a correction with a dip and rebound. Today, as the weekly candle closes, watch for potential increased volatility in the evening, which may involve probing higher and then pulling back. The short-term strategy is to maintain a low long position until a breakdown occurs.
On the Ethereum side, after a midnight drop that touched the low point of around 2961, it began to rebound, and the current price has returned to around 2990 for oscillating operations. The 4-hour chart showed back-and-forth fluctuations yesterday, but ultimately did not break the middle track support. The ABC adjustment wave has not formed, and sideways consolidation has replaced the pullback correction. If it does not break the low today, there is hope for further upward movement in the future. Currently, the 4-hour chart is forming a level of stabilization, with the 2800 mark as a defense for a strong consolidation transition. Support is slowly moving up. Today's strategy is to rely on the small-level upward trend line at the 2800 mark as support and buy on dips.
Bitcoin: Buy at 90700-89700, target around 91700
Ethereum: 2990-2940 more, target near 3040 $BTC $ETH #比特币行情观察 #今日你看涨还是看跌?