Morning market analysis on 11.26

Review of yesterday's trend: (Bitcoin) surged to a high of 88450 in the morning session but faced resistance and fell back, with a minimum touch of the 87000 level entering the consolidation range; (Ethereum) performed weakly during the day, showing a clear downward trend in the afternoon, with the price gradually declining from the morning high of 2940, hitting a minimum of 2855 during the session.

From the four-hour chart structure, the market has formed a clear bullish arrangement after multiple rounds of oscillation and consolidation: the lows continue to rise, forming a ladder-like support, and after several bottom formations, a solid support zone has been established. Currently, it has once again initiated a strong upward momentum. The recent increase in volatility is a normal manifestation of the bullish accumulation phase; as the trend progresses, the expectation for pullbacks has continuously decreased—slight pullbacks within a single day are not signals of trend reversal, and reasonable pullbacks during the upward movement are a natural process for the market to digest profit-taking, with the core role being to accumulate momentum for subsequent highs and breakthroughs.

Therefore, the morning operation is advised to follow the principle of trend following, focusing on placing long positions on pullbacks to the core support levels, closely following the current bullish trend rhythm:

- Bitcoin: Long positions in the range of 86800-87000, targeting around 88500.
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- Two Cakes: Long positions in the range of 2910-2930, aiming for a target around 3100 near #Gate广场圣诞送温暖 #非农数据超预期 #反弹币种推荐