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11.26 Little Fortune Boy BTC, ETH Evening Analysis
At 21:30 tonight, the US non-farm payroll data will ignite the cryptocurrency market! Although there is a short-term rebound demand in the current market, the foundation of the larger bearish trend remains unchanged, and the overall pattern will not deviate. The core task for the evening is to closely monitor the direction breakout under the impact of the data. Below is a precise tactical plan.
From the four-hour level, the price triggered a rebound after touching the middle track of the Bollinger Bands, which are continuing to narrow. This indicates that the evening will enter a critical window for directional choice, and any operations must have proper defensive stop-loss measures in place to avoid reckless trading! From the one-hour level, the market is trapped in a clear oscillation range, with support and resistance boundaries as solid as a fortress. At this point, blindly following the trend is akin to throwing away your life; one must wait for the market to break out effectively before entering in the direction of the prevailing trend.
Combining trends and data influences, it is predicted that there may be a wave of false bullish rally in the evening, but this is just a bear trap! After the rally, it will still be the best time to short.
It is recommended to gradually open short positions as BTC rebounds to the 87700-88200 range, looking down to 86400-85000.
It is recommended to gradually place short positions as ETH rebounds to the range of 2950-2980, looking down at 2860-28000 $BTC .