View on the afternoon of November 29th

From the 4-hour level, the current market is dominated by three consecutive bearish candles operating near the middle band, with the upper and lower bands moving relative to each other. The Bollinger Bands show signs of convergence, and the middle band can serve as short-term support.

From the 1-hour level, the Bollinger Bands show signs of expansion, with the price running in the range between the middle and lower bands. The KDJ values are in the oversold zone, and the MACD fast and slow lines are running below the zero axis. The bearish histogram continues to expand in the short term, and the moving average lines are consistently declining, indicating a possibility of continued weakness in the short term.

Note that there is no need to rush into the market; wait for the price of the coin to fall to a key support level before deciding to enter. For intraday operations, look for a downward trend, buy during the pullback, and exit during the rebound.

Operating Suggestions

Bitcoin: 89000-90000, target 91000-93000

Two cakes: 2950-3000, target 3050-3200

(Personal opinions are for reference only, all based on actual trading!) #BTC #ETH