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11.28 Friday Morning Review
Early this morning, Bitcoin once again tested the 92,000 mark but faced resistance and fell back. The multiple attempts to break through have clearly indicated the strong pressure from above. The bearish pressure is evident.
In the hourly chart of Bitcoin, the short-term rebound has not yet reached the upper band before falling into a series of consecutive declines, indicating a lack of strength in the rebound. At the same time, the auxiliary indicators MACD and KDJ are both in a bearish arrangement, suggesting a continuation in the short term. Therefore, it is reco
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BTC has started to pull back after a strong rise caused by the previous momentum and is currently in an upward trend. The technical indicators are performing strongly, with an increase in both volume and price and a clear bullish resonance formed by the moving averages in a long positions arrangement. Long positions have begun to oscillate strongly in the 91200-91600 range. However, in the short term, attention should be paid to the price approaching the strong resistance level of 91839, and the RSI indicator is in an overbought state, which may suppress the upward space and trigger a pullback
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In the morning review, the current BTC is still fluctuating around 90,000. At 5 AM, long positions directly showed a three consecutive bullish trend, pumping it to around 90,600, but then faced pressure from short positions, causing a drop in the early session to around 90,200. Ether, on the other hand, failed to follow BTC's lead and continue to break upward, instead starting to dip.
From the Ether 1-hour level, the long positions are currently being suppressed and have started to dip near 3000, but the long positions still have strong support at 3000. From the 4-hour level, there is curr
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BTC is currently priced at 89700. It is now 3:30 AM Beijing time. After breaking through the 90000 mark, there are signs of a pullback. Following the fluctuations and adjustments after the plummet of BTC in the past few days, the market opened high and continued to rise early this morning, following the U.S. market, showing signs of gradual recovery from the market's low period.
BTC daily K-line before the release had a maximum of 89800 and a minimum of 89700, with MACD showing a bottom divergence with reduced volume, and KDJ showing a downward trend, currently experiencing a pullback and
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Midday Ether started a slight correction after three consecutive bullish candles, stumbling down to around 2950, and then began to pull back in search of support for long positions, subsequently starting to oscillate near the range.
From a technical perspective, Ether is currently operating in the lower-middle track and is beginning to decline. If the long positions fail to break through 2963, a consideration to shift to short positions is necessary. Currently, from the 4-hour chart, the long positions and short positions are locked in a tug-of-war in the 2985-2900 range, lacking a clear trend
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Ethereum is currently most likely in the pullback phase after breaking out of a consolidation range. Observing the minor wave structure, there is strong resistance above, and a significant amount of trapped positions have accumulated in this region. If there is a lack of sustained upward momentum, a short strategy can be considered first, targeting a pullback to the support of the consolidation range.
From a technical perspective, Bitcoin on the daily chart has broken the recent downward trend and is gradually rebounding, having basically established support at the 85,000 level. There is poten
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Last night, BTC surged to 89,200 before pulling back to around 87,800, and is now consolidating within a narrow range; on the 1-hour chart, the Bollinger Bands have widened, indicating increased short-term volatility. After BTC touched the upper band without breaking through, it pulled back and is gradually moving closer to the middle band. Overall, yesterday's market was volatile.
From the 1-hour chart of ETH, it surged to around 2,985 in the morning but failed to break the 3,000 level and then started to gradually pull back. On the daily chart, there was a medium bullish candle close. On the
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BTC Afternoon Analysis
The current BTC trend shows short-term consolidation, with bullish and bearish forces temporarily in a stalemate. The specific analysis is as follows:
As seen in the chart, the price first surged to 87,837.57, then pulled back and fluctuated within the 87,500-87,700 range. The current price (87,570.14) is slightly lower than the opening price (87,613.04), representing a minor intraday decline of 0.05%.
​ Trading volume is at a moderate level compared to recent periods, with no significant increase, indicating that both bulls and bears are relatively cautio
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Midday Review: This morning, BTC saw five consecutive bullish candles, strongly breaking through 86,000 points, then began a brief pullback and adjustment. After ETH bulls made a push, there was a short rest, and at midday, it continued upward to 2,852 but was pushed back by the bears, falling to 2,775. Now it is consolidating and building momentum around 2,800.
Analyzing ETH on the one-hour chart, there is strong bullish support at 2,800, with momentum building and the downtrend starting to reverse upward. There are signs of a bottom, but caution is needed—if the bulls fail to break above 2,8
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Evening Bitcoin strategy: BTC and ETH suddenly plunged, causing a sharp market drop, but fortunately the panic sentiment has been released. BTC suddenly plunged today, falling below 82,000, then bulls started to rebound and pushed it near 84,000, but were soon suppressed by bears back to around 82,500, with continued pressure to force out bulls. For ETH, bears broke through 2,800 this morning and maintained their offensive, then broke through 2,700 in the afternoon, pushing bulls down to around 2,640.
Looking at ETH on the 1-hour chart, bulls have not managed to break the previous high of 2,75
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Last night’s precise prediction and this morning’s review: After Bitcoin broke below 90,000, it triggered market panic and a sell-off, dropping to around 86,066. Subsequently, it experienced a slight rebound in the morning before continuing to decline. For example, Ethereum broke below 3000 points last night, falling to 2788, then started a slight rally in the morning, attempting to break through 2900 without success and then began to retreat.
Last night, a position was established at 3012, which was quickly closed when it rose to around 3049 but failed to break through. Additional positions w
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I believe that the friends who have read my post have already taken profit at 3047. For those who went long near 2967 and haven't exited yet, don't worry. Tomorrow morning, I will provide everyone with a more detailed review.
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Evening Bitcoin outlook, BTC was fiercely pressured by short positions down to the 91380 level, 92000 was lost again, and then long positions began to rebound and pump to around 91600, while Ether bears continued to press the long positions fiercely towards the support point of 3000.
From the perspective of Ether's current 1-hour level, it is necessary to continue observing around the 3000 point. If the short positions continue to push down and break below 3000, one can look to go long around 2967. If it reaches 2991, one should reduce positions and exit to observe the market. Stay in cash
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In the afternoon, the strategy indicates that BTC has been heavily pressured by short positions down to 91640. After losing 92000, it regained some ground, but may continue to dip around 92000, so caution is advised for going long. Ether's long positions lack sufficient momentum and failed to break through 3100 points at midday, subsequently retreating to around 3040 points. The midday short positions made a strong push, beginning to dip down to around 3005, and then started to oscillate around 3000 points.
Looking at Ether on the 1-hour level, it is necessary to continue observing around
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