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November 24 midday BTC/ETH market analysis
A rebound on Monday needs volume support, and those who followed up in the morning have already secured profits.
BTC surged in the morning session, testing 88000 before consolidating, which is a reasonable trend—strong resistance from the upper Bollinger band and moving averages on the 4-hour chart, combined with the previous support and resistance zone, means the 88800 level needs to be tested repeatedly. The bullish trend remains intact, and positive news still exists, with potential for further gains in the afternoon to the European and American trading sessions; the morning spike to 85900 serves as a critical support level for determining intraday strength and weakness, looking for a breakout above this support, with pressure focusing on 88800-93000.
Operation suggestion: BTC should be traded around 86500-86000, and large pullbacks can be used to increase positions, with a target around 87900-88800.
ETH is entering around 2800-2750, with a target near 2880-2930.
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